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Property profile & analytics
FOR LEASE
Office buildings
18001 N 79Th Ave Glendale, AZ 85308
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0390687
For Lease
1 / 3
$24 SF/Yr
18001 N 79Th Ave, Glendale, AZ 85308
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
CONCRETE
Total area
13,240 SF
Lot
2.67 ac (116,239 SF)
Zoning code
PAD
APN
200-43-002J
UPID
US07-0390687
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
-
Samone Bollerud Beitler Realtor Real Estate Agency
-
Crowley Family Dentistry Dental Office
-
Ageless Men's Health Medical Clinic
-
Scott Robyn L Counselor
-
Farmers Insurance - Debra Jones Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.34M
Comparable Approach
Comparable
$5.08M
Blend (final)
Blend
$4.49M
Owner & transaction history
Rab Properties Az LLC · 2 yrs held
Rab Properties Az LLC
since 2023
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
PAD · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.8M
+126.6%
Commercial (general)
$4.1M
+58.5%
Neighborhood: shopping center
$3.8M
+49.4%
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
$5,085,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,610,000
6.5%
$3,335,000
7%
$3,095,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$5,800,000
Change: +127% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,060,000
Change: +59% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,825,000
Change: +49% · Conversion: Difficult
RETAIL STORES
$3,520,000
Change: +37% · Conversion: Moderate
Blend value · Realmo final
$4.49M
Range $4.04M – $4.93M · ±10% · vs last sale $4.17M (Oct 20 2023)
Last sale anchor
$4.17M
Oct 20 2023
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
$339 / 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
$58,051
Tax year 2023
Assessed value
$652,606
Assessed 2024
Previous assessed
$738,616
-11.6% YoY
Effective rate
8.90%
On assessed value
Land market value
$1,555,200
Improvement market value
$2,399,987
Total market value
$3,955,187
Applied tax rate
970,702.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1999
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
2
Stories
1
Units
2
Total area
13,240 SF
Lot
2.67 ac (116,239 SF)
Zoning code
PAD
APN
200-43-002J
UPID
US07-0390687
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Glendale, AZ
Zoning PAD · permitted uses
PAD · 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
AUTO REPAIR, GARAGE
Est. value
$5.8M
COMMERCIAL (GENERAL)
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.8M
RETAIL STORES
Est. value
$3.5M
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1999
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Buildings
2
Units
2
Lot
2.67 ac
Current owner
From public records · entity-resolved
Rab Properties Az LLC
Entity
Mailing address
PO BOX 3445, PALOS VERDES PENINSULA, CA 90274-9445
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2023
—
Rab Properties Az LLC
Rab Properties LLC
Intrafamily Transfer
related
$2,630,000 · Desert Financial Cu
Jul 27, 2022
$3,000,000
A Suite Building LLC
Avondale Medical Campus LLC
Special Warranty Deed
$2,250,000 · Avondale Medical Campus LLC
Dec 23, 2020
$1,400,000
Nyx 2 LLC
Avondale Medical Campus Ll
Grant Deed
—
Jul 8, 2019
$4,170,000
Rab Properties LLC
Arrowhead 79th LLC
Special Warranty Deed
$2,919,000 · Wells Fargo Bank NA
Dec 10, 2018
—
Arrowhead 79th LLC
—
Deed
related
$2,099,821 · Wells Fargo Bk
Mar 26, 2013
—
Apc LLC
—
Grant Deed
related
$2,480,000 · Wells Fargo Bk
Jun 11, 2010
—
Jack S Howell
—
Trustees Deed
related
$3,180,000 · Wells Fargo Bank
—
—
Arrowhead 79th LLC
—
Loan Modification
related
$2,099,821 · Wells Fargo Bk
—
—
Arrowhead 79th LLC
—
Loan Modification
related
$2,212,459 · Wells Fargo Bk
—
—
Apc LLC
—
Deed Of Trust
related
$2,480,000 · Wells Fargo 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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