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Property profile & analytics
OFF-MARKET Estimated value $1,325,000
Strip malls

15224 59th Ave Glendale, AZ 85306-3215

4,900 SF 0.22 ac lot Built 1986
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US07-1082988
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1986
Construction CONCRETE
Total area 4,900 SF
Lot 0.22 ac (9,670 SF)
Zoning code C-2
APN 200-72-001A
UPID US07-1082988
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
  • 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.01M
Comparable Approach Comparable
$811k
Blend (final) Blend
$1.33M
Owner & transaction history
Glendale Arizona Plaza 59 LLC · 4 yrs held
Glendale Arizona Plaza 59 LLC
since 2022
Last sale
$1.9M
5 recorded transactions
2022
$1.9M
2010
Price N/A
2000
$1.2M
1998
$950,000
1969
Price N/A
Zoning & alternative use
C-2 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $2.1M +51.6%
Office building $1.6M +10.8%
Commercial (general) $1.5M +6.1%
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