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    15224 59th Ave Glendale, AZ 85306-3215
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    Property profile & analytics

    15224 59th Ave Glendale, AZ 85306-3215


    • Strip malls
    • 4,900 SF
    • 0.22 lot acres
    Off-Market
    Last Sale Feb 2, 2022
    $1,850,000
    Property ID
    US07-1082988
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $1,325,000
    Show details
    Cap Rate Potential
    3.9%
    Strip malls
    Location Intelligence

    Current Use by Public Records

    • The family jewelry / (Bike/Boat/Book/etc) Store
    • Rico’s Barber Shop / Barber Shop
    • big time beautiful / Spa & Massage Center / Alternative Medicine Practice
    • Andy's Hobby Headquarters / (Bike/Boat/Book/etc) Store
    • Al Smoke Shop / (Bike/Boat/Book/etc) Store

    Property Details for 15224 59th Ave

    Year built
    1986
    Construction
    CONCRETE
    Lot size
    0.22 lot acres
    Property size
    4,900 SF
    Zone code
    C-2
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    200-72-001A
    APU
    20072001A

    Description

    This exceptional Glendale, Arizona retail property, located at 15224 N 59th Ave, zip code 85306, offers 1,800 square feet of versatile space currently available for lease. The property is ideally suited for multiple tenants, with two suites of 900 square feet each. Each suite is independently accessible, providing flexibility for various business models. The building's total area is 1,800 square feet, currently entirely vacant, presenting a unique opportunity for immediate occupancy. The property is categorized as retail space, previously housing a barber shop and protein shake shop, suggesting a potential for similar businesses or complementary ventures. Situated in Maricopa County, this location benefits from excellent visibility and accessibility, making it an attractive proposition for businesses seeking a high-traffic area. The property's address is easily accessible via major roadways, ensuring convenient access for both customers and employees. The individual suite size of 900 square feet provides ample space for a variety of retail operations, while the potential for leasing both units offers significant expansion opportunities. This property presents a compelling investment opportunity in a thriving Glendale market. Interested parties are encouraged to inquire for further details and leasing options.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $1,695,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $1,095,000
      6.5%
      $1,010,000
      7%
      $935,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $810,000
      Market price range: $598k - $2.25M
    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,415,000
      Current use
      AUTO REPAIR, GARAGE
      $2,145,000
      Change: +52% Conversion: Difficult
      OFFICE BUILDING
      $1,570,000
      Change: +11% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,500,000
      Change: +6% Conversion: Easy
      RETAIL STORES
      $1,300,000
      Change: -8% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.186
    Latitude
    33.6243
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,415
    $0.00
    $0.00
    $98,868
    -
    $257,800
    $341,400
    $599,200
    More about this property
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