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Property profile & analytics
OFF-MARKET
Commercial real estate
16040 59th Ave Glendale, AZ 85306-2350
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US07-0834264
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1986
Construction
STEEL FRAME
Lot
0.24 ac (10,498 SF)
Zoning code
C-O
APN
200-51-006K
UPID
US07-0834264
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
-
Manuel Robles, REALTOR Real Estate Agency
-
George Ponce Realty Real Estate Agency
-
CENTURY 21 Northwest Realty - Glendale Real Estate Agency
-
Benjamin Seale - Realtor Real Estate Agency
-
Angelina Baumgardner - Real Estate Agent - Century 21 NW Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Centurion Investments INC · 11 yrs held
Centurion Investments INC
since 2014
7 recorded transactions
Zoning & alternative use
C-O · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,136
Tax year 2023
Assessed value
$38,874
Assessed 2024
Previous assessed
$29,937
+29.9% YoY
Effective rate
2.92%
On assessed value
Land market value
$219,200
Improvement market value
$16,400
Total market value
$235,600
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.24 ac (10,498 SF)
Zoning code
C-O
APN
200-51-006K
UPID
US07-0834264
Jurisdiction
MARICOPA
Zoning & alternative use
C-O · Glendale, AZ
Zoning C-O · permitted uses
C-O · 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.
Building & site characteristics
From public records
Year built
1986
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Centurion Investments INC
Entity
Mailing address
6630 W CACTUS RD STE B113, GLENDALE, AZ 85304-1662
Ownership since
2014
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
Sep 30, 2022
—
Centurion Investments INC
—
Deed
related
$500,000 · Arizona Bank & Trust
Dec 8, 2014
$750,000
Centurion Investments INC
Sunrise Business Center INC
Special Warranty Deed
$470,400 · Arizona Bank & Trust
May 9, 2012
$674,584
Sunrise Business Center INC
Fidelity Natl Title Ins
Trustees Deed
—
May 2, 2011
$788,000
Henry T Yeh
Sun Rise Business Center INC
Grant Deed
$630,400 · Sunrise Business Center INC
Jul 24, 1996
$360,000
Sunrise Business Center INC
Cos Phoenix INC
Grant Deed
$180,000 · Bank One NA
Dec 12, 1989
—
Mirror Cab Times
Csc Acquisition
Grant Deed
related
—
Sep 1, 1989
—
C S C Acquistion
—
Deed Of Trust
related
—
—
—
Centurion Investments INC
—
Deed Of Trust
related
$150,000 · Business Dev Fin
—
—
Centurion Investments INC
—
Loan Modification
related
$908,400 · Arizona Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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