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Property profile & analytics
OFF-MARKET
Estimated value
$47,960,000
Showrooms
10640 Vis Ave Glendale, AZ 85307
Entity Owned
4-yr Hold
Free & Clear
Property ID
US07-0541406
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2000
Construction
CONCRETE
Total area
255,235 SF
Lot
3.25 ac (141,360 SF)
Zoning code
M-1
APN
142-59-071
UPID
US07-0541406
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$53.01M
Comparable Approach
Comparable
$32.79M
Blend (final)
Blend
$47.96M
Owner & transaction history
101 Distribution Center Owner LLC · 4 yrs held
101 Distribution Center Owner LLC
since 2022
Last sale
$52.0M
7 recorded transactions
Zoning & alternative use
M-1 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
or area of any accessory building or structure shall not exceed 50% of the building footprint of the principal building. Exception. This provision shall not apply to the following zoning districts: A-1, RR-45, C-3, B-P, M-1, and M-2. 4. Accessory buildings and structures, including tool/storage sheds, shall be included in lot coverage calculations for all zo…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
1,974.74 ac
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Glendale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glendale submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$65,170,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$57,430,000
6.5%
$53,010,000
7%
$49,225,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$78,235,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$73,755,000
Change: -6% · Conversion: Difficult
RETAIL STORES
$67,830,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$47.96M
Range $43.16M – $52.76M · ±10% · vs last sale $52.00M (Feb 16 2022)
Last sale anchor
$52.00M
Feb 16 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$188 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$41,116
Tax year 2023
Assessed value
$1,196,670
Assessed 2024
Previous assessed
$922,975
+29.7% YoY
Effective rate
3.44%
On assessed value
Land market value
$506,100
Improvement market value
$23,427,300
Total market value
$23,933,400
Applied tax rate
110,700.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2000
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
255,235 SF
Lot
3.25 ac (141,360 SF)
Zoning code
M-1
APN
142-59-071
UPID
US07-0541406
Jurisdiction
MARICOPA
Zoning & alternative use
M-1 · Glendale, AZZoning M-1 · permitted uses
M-1 · Glendale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
or area of any accessory building or structure shall not exceed 50% of the building footprint of the principal building. Exception. This provision shall not apply to the following zoning districts: A-1, RR-45, C-3, B-P, M-1, and M-2. 4. Accessory buildings and structures, including tool/storage sheds, shall be included in lot coverage calculations for all zoning districts. What are the exceptions for Accessory Building and Structures? 1. M
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
1,974.74 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$78.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$73.8M
RETAIL STORES
Est. value
$67.8M
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
3.25 ac
Current owner
From public records · entity-resolved
101 Distribution Center Owner LLC
Entity
Free & Clear · 4 yrs held
Mailing address
225 SW COLUMBIA ST STE #700, PORTLAND, OR 97201-5852
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2022
$52,000,000
101 Distribution Center Owner LLC
7811 N Glen Harbor LLC
Special Warranty Deed
—
Jul 8, 2020
$19,000,000
7811 N Glen Harbor LLC
Conair Corp
Grant Deed
$18,400,000 · Bsprt Cre Fin LLC
Dec 3, 2009
—
Conair Corp
—
Grant Deed
related
$10,000,000 · Wells Fargo Bk
Nov 4, 2009
$17,400,000
Conair Corp
Hbg Arizona LLC
Grant Deed
—
Sep 25, 2007
$23,972,049
Hbg Arizona LLC
Toys Dc South LLC
Grant Deed
$65,402,000 · Capmark Bank
Apr 24, 2003
—
Toys Dc South LLC
Kb Toy Of Massachusetts INC
Grant Deed
$27,903,224 · Morgan Stanley Mtg Capital INC
Sep 15, 1997
$341,402
Kb Toy Of Massachusetts INC
Glenphoenix L L C
Grant Deed
—
Apr 11, 1997
$166,570
Glenphoenix,l L C
Phase One Equities INC
Trustees Deed
—
Apr 11, 1997
$166,572
Phase One Equities INC
Glen Harbor Joint Venture
Trustees Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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