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Property profile & analytics
FOR SALE
Drug stores
18591 59th Ave Glendale, AZ 85308-1251
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-2663467
No photos on file
For Sale
Contact for pricing
18591 59th Ave, Glendale, AZ 85308-1251
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Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2002
Construction
CONCRETE
Total area
14,750 SF
Lot
1.62 ac (70,480 SF)
Zoning code
SC
APN
200-49-001G
UPID
US07-2663467
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
-
CVS Photo (Bike/Boat/Book/etc) Store
-
MinuteClinic at CVS Medical Clinic
-
CDReload - Online Bitcoin ATM Atm Currency Exchange Service
-
Jill Marshall Physician
-
Emily Orr Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.37M
Blend (final)
Blend
$8.30M
Owner & transaction history
Zg Az Glen LLC · 4 yrs held
Zg Az Glen LLC
since 2022
Last sale
$6.6M
3 recorded transactions
Zoning & alternative use
SC · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this district is to accommodate either integrated or freestanding commercial uses and services. Uses serve neighborhood scale and community level needs as well as may attract regional shoppers. The district is characterized by a wide range of retail uses operated within primarily enclosed buildings while incorporating an overall design which fu…
Zone name
Shopping Center
General category
COMMERCIAL
Zone area
67.27 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$6.5M
+64.8%
Commercial (general)
$4.5M
+15.4%
Neighborhood: shopping center
$4.3M
+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
$8,295,000
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
$3,920,000
Current use
AUTO REPAIR, GARAGE
$6,460,000
Change: +65% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,520,000
Change: +15% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,260,000
Change: +9% · Conversion: Moderate
Blend value · Realmo final
$8.30M
Range $7.47M – $9.12M · ±10% · vs last sale $6.62M (Jun 30 2022)
Last sale anchor
$6.62M
Jun 30 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
$562 / 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
$56,143
Tax year 2023
Assessed value
$756,031
Assessed 2024
Previous assessed
$756,031
+0.0% YoY
Effective rate
7.43%
On assessed value
Land market value
$1,821,500
Improvement market value
$2,760,504
Total market value
$4,582,004
Applied tax rate
970,700.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
For Sale
Year built
2002
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
14,750 SF
Lot
1.62 ac (70,480 SF)
Zoning code
SC
APN
200-49-001G
UPID
US07-2663467
Jurisdiction
MARICOPA
Zoning & alternative use
SC · Glendale, AZZoning SC · permitted uses
SC · Glendale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this district is to accommodate either integrated or freestanding commercial uses and services. Uses serve neighborhood scale and community level needs as well as may attract regional shoppers. The district is characterized by a wide range of retail uses operated within primarily enclosed buildings while incorporating an overall design which furthers a pedestrian orientation. Orientation is to major streets with individual access points, signage, and parking areas.
Zone name
Shopping Center
General category
COMMERCIAL
Zone area
67.27 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$6.5M
COMMERCIAL (GENERAL)
Est. value
$4.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
2002
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.62 ac
Current owner
From public records · entity-resolved
Zg Az Glen LLC
Entity
Mailing address
1 CVS DROCCEXP00, WOONSOCKET, RI 02895-6146
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2022
$6,620,000
Zg Az Glen LLC
Watch Hill Development V LLC
Special Warranty Deed
$3,310,000 · First Savings Bank
Mar 21, 2022
$5,720,000
Watch Hill Development V LLC
Irenes Glendale LLC
Special Warranty Deed
$4,290,000 · Veritex Community Bank
Mar 2, 2005
$5,420,000
Irenes Glendale LLC
Glendale St-59th 5302 LLC
Grant Deed
—
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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