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Property profile & analytics
OFF-MARKET
Estimated value
$8,300,000
Grocery and convenience stores
16880 59th Ave Glendale, AZ 85306-1118
Entity Owned
8-yr Hold
Free & Clear
Property ID
US07-1094638
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2022
Construction
CONCRETE
Total area
36,570 SF
Lot
3.22 ac (140,263 SF)
Zoning code
C-2
APN
200-51-001Q
UPID
US07-1094638
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
-
RACC Acceptance Interior Design
-
ALDI Specialty Food Shop Supermarket
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.30M
Blend (final)
Blend
$8.30M
Owner & transaction history
Aldi Arizona LLC · 8 yrs held
Aldi Arizona LLC
since 2017
4 recorded transactions
Zoning & alternative use
C-2 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$11.7M
+20.4%
Commercial (general)
$11.2M
+15.4%
Neighborhood: shopping center
$10.6M
+8.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$9,720,000
Current use
OFFICE BUILDING
$11,705,000
Change: +20% · Conversion: Easy
COMMERCIAL (GENERAL)
$11,210,000
Change: +15% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$10,565,000
Change: +9% · Conversion: Moderate
MEDICAL BUILDING
$8,215,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$8.30M
Range $7.47M – $9.13M · ±10%
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
$227 / 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
$19,815
Tax year 2023
Assessed value
$898,793
Assessed 2024
Previous assessed
$297,976
+201.6% YoY
Effective rate
2.20%
On assessed value
Land market value
$2,209,200
Improvement market value
$3,238,029
Total market value
$5,447,229
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2022
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
36,570 SF
Lot
3.22 ac (140,263 SF)
Zoning code
C-2
APN
200-51-001Q
UPID
US07-1094638
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
RETAIL STORES Current
Est. value
$9.7M
OFFICE BUILDING
Est. value
$11.7M
COMMERCIAL (GENERAL)
Est. value
$11.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.6M
MEDICAL BUILDING
Est. value
$8.2M
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
2022
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
3.22 ac
Current owner
From public records · entity-resolved
Aldi Arizona LLC
Entity
Free & Clear · 8 yrs held
Mailing address
5080 N 40TH ST STE #335, PHOENIX, AZ 85018-2149
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 29, 2017
$2,580,000
Aldi Arizona LLC
Bpt LLC
Grant Deed
—
May 31, 1994
$1,850,000
Bpt Ltd
Wickes Asset Man
Trustees Deed
—
May 31, 1994
—
Bpt Ltd
Tang
Trustees Deed
related
—
—
—
Mmg INC
—
Deed Of Trust
related
$4,800,000 · Countrywide Com'l R E Fin
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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