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Property profile & analytics
OFF-MARKET
Estimated value
$2,580,000
Strip malls
17224 43rd Ave Glendale, AZ 85308-4025
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-1253927
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Construction
CONCRETE
Total area
16,550 SF
Lot
1.34 ac (58,414 SF)
Zoning code
PSCOD
APN
207-25-181E
UPID
US07-1253927
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
-
Grindhouse Wrestling Club Gym & Fitness Center
-
Raquel Munoz, Delex Realty Real Estate Agency
-
William Miller Realtor Real Estate Agency
-
DeLex Realty Real Estate Agency
-
All Real Estate and Property Management with DeLex Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.41M
Comparable Approach
Comparable
$3.02M
Blend (final)
Blend
$2.58M
Owner & transaction history
Bellaire Plaza LLC · 3 yrs held
Bellaire Plaza LLC
since 2022
Last sale
$2.5M
6 recorded transactions
Zoning & alternative use
PSCOD · 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
Method
Estimation
Statistic approach
$2,245,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,695,000
6.5%
$3,410,000
7%
$3,165,000
Blend value · Realmo final
$2.58M
Range $2.32M – $2.84M · ±10% · vs last sale $2.45M (Dec 12 2022)
Last sale anchor
$2.45M
Dec 12 2022
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
$156 / 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
$22,135
Tax year 2023
Assessed value
$367,876
Assessed 2024
Previous assessed
$313,344
+17.4% YoY
Effective rate
6.02%
On assessed value
Land market value
$589,700
Improvement market value
$1,639,854
Total market value
$2,229,554
Applied tax rate
971,300.0000
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
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
16,550 SF
Lot
1.34 ac (58,414 SF)
Zoning code
PSCOD
APN
207-25-181E
UPID
US07-1253927
Jurisdiction
MARICOPA
Zoning & alternative use
PSCOD · Glendale, AZ
Zoning PSCOD · permitted uses
PSCOD · 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
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.34 ac
Current owner
From public records · entity-resolved
Bellaire Plaza LLC
Entity
Mailing address
1222 E VAN BUREN ST, PHOENIX, AZ 85006-3409
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2025
—
Bellaire Plaza LLC
—
Deed
related
$1,750,000 · Silver Hill Financial LLC
Dec 30, 2022
$2,450,000
Bellaire Plaza LLC
800 Specialists LLC
Re-recorded Document
related
$1,950,000 · 800 Specialists LLC
Dec 12, 2022
$2,450,000
Bellaire Plaza LLC
800 Specialists LLC
Special Warranty Deed
$1,950,000 · 800 Specialists LLC
Aug 13, 2021
$1,500,000
800 Specialists LLC
Helm LLC
Warranty Deed
$1,400,000 · Equitable Home Mortgage INC
Sep 5, 2018
$1,300,000
800 Specialists LLC
Handler,gerald
Grant Deed
$1,358,000 · Bank Of The West
Apr 10, 1987
$315,667
Gerald T Handler
—
Grant Deed
related
—
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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