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Property profile & analytics
OFF-MARKET
Estimated value
$5,925,000
Strip malls
13631 59th Ave Glendale, AZ 85304-1203
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-2400611
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Construction
CONCRETE
Total area
14,000 SF
Lot
3.13 ac (136,530 SF)
Zoning code
C-2
APN
200-75-939
UPID
US07-2400611
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
Current use
Occupant on record · Public records
-
Harvest HOC of Glendale Dispensary Medical Clinic
-
Trulieve Cannabis Dispensary Glendale (Bike/Boat/Book/etc) Store
-
Yavapai Herbal Services (Bike/Boat/Book/etc) Store
-
Statewide Medical Clinic
-
Trulieve Glendale Dispensary (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.93M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.94M
Blend (final)
Blend
$5.93M
Owner & transaction history
Glendale Commercial Developments Ll · 1 yrs held
Glendale Commercial Developments Ll
since 2024
Last sale
$5.9M
5 recorded transactions
Zoning & alternative use
C-2 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.1M
+51.6%
Office building
$4.5M
+10.8%
Commercial (general)
$4.3M
+6.1%
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
$5,925,000
ML approach
$5,925,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,045,000
Current use
AUTO REPAIR, GARAGE
$6,135,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$4,480,000
Change: +11% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,290,000
Change: +6% · Conversion: Easy
RETAIL STORES
$3,720,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$5.93M
Range $5.33M – $6.52M · ±10% · vs last sale $5.93M (Oct 31 2024)
Last sale anchor
$5.93M
Oct 31 2024
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
$423 / 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
$36,326
Tax year 2023
Assessed value
$723,938
Assessed 2024
Previous assessed
$612,289
+18.2% YoY
Effective rate
5.02%
On assessed value
Land market value
$2,027,900
Improvement market value
$2,359,600
Total market value
$4,387,500
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1984
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
14,000 SF
Lot
3.13 ac (136,530 SF)
Zoning code
C-2
APN
200-75-939
UPID
US07-2400611
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Glendale, AZ
Zoning C-2 · permitted uses
C-2 · Glendale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glendale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$6.1M
OFFICE BUILDING
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$4.3M
RETAIL STORES
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1984
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
3.13 ac
Current owner
From public records · entity-resolved
Glendale Commercial Developments Ll
Individual
Mailing address
1155 W RIO SALADO PKWY STE #201, TEMPE, AZ 85281-2830
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2024
$5,925,000
Glendale Commercial Developments Ll
Brls Properties Az Glendale LLC
Special Warranty Deed
$4,150,000 · Zenith Bank & Trust
Jun 14, 2019
$6,500,000
Brls Properties Az Glendale LLC
Heatherwood Partners LLC
Special Warranty Deed
$4,000,000 · Western Alliance Bank
Feb 15, 2013
$1,300,000
Smiths Food & Drug Centers
Wfc Thunderbird & 59th LLC
Grant Deed
—
Feb 13, 2013
$3,600,000
Wfc Thunderbird & 59th LLC
American National Ins Co
Grant Deed
—
—
—
Heatherwood Ptrs
—
Deed Of Trust
related
$2,935,195 · Farmers & Merchants Bk/lng Bch
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.
Try Rey
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