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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    19019 59th Ave Glendale, AZ 85308-6501

    • Industrial properties
    • 35,978 SF
    • 35.16 lot acres
    OFF-MARKET
    Value Estimations
    $7,640,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-2220525
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Honeywell Aerospace DSES - Glendale / Corporate Office / Factory
    • Honeywell Aerospace Federal Credit Union / Credit Union

    Property Details for 19019 59th Ave

    Year built
    1986
    Construction
    STEEL FRAME
    Lot size
    35.16 lot acres
    Property size
    35,978 SF
    Zone code
    B-P
    Property type
    Industrial properties
    APN
    200-26-005
    APU
    20026005

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,641,000
      Market price range: $2.07M - $7.64M
      AI Estimate
      $7,641,000
      Market price range: $2.07M - $7.64M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $5,335,000
      Current use
      COMMERCIAL (GENERAL)
      $11,030,000
      Change: +107% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $10,395,000
      Change: +95% Conversion: Difficult
      RETAIL STORES
      $9,560,000
      Change: +79% Conversion: Moderate
      OFFICE BUILDING
      $6,955,000
      Change: +30% Conversion: Difficult
      MEDICAL BUILDING
      $6,310,000
      Change: +18% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.184
    Latitude
    33.6577
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $383,652
    $0.00
    $0.00
    $9,854,384
    -
    $8,043,700
    $51,796,838
    $59,840,538

    Comparable in this City

    • Value Estimation
      $890,000
      15,488 SF

      17437 71st Drb101

      LIGHT INDUSTRIAL • 15,488 SF
      17437 71st Drb101, Glendale, AZ 85308-8467
      View Details
    • Value Estimation
      $780,000
      13,565 SF

      17437 71st Drb110

      LIGHT INDUSTRIAL • 13,565 SF
      17437 71st Drb110, Glendale, AZ 85308-8467
      View Details
    • Value Estimation by Request
      3,976 SF

      17033 63rd Ave

      WAREHOUSE, STORAGE • 3,976 SF
      17033 63rd Ave, Glendale, AZ 85308-3705
      View Details
    • Value Estimation by Request
      3.04 Acres

      17437 71st Dr

      WAREHOUSE, STORAGE • 3.04 Acres
      17437 71st Dr, Glendale, AZ 85308-8467
      View Details
    • Value Estimation
      $13,230,000
      91,586 SF

      6218 Behrend Dr

      MINI-WAREHOUSE, STORAGE • 91,586 SF
      6218 Behrend Dr, Glendale, AZ 85308-6969
      View Details
    • Value Estimation
      $17,650,000
      232,900 SF

      5256 Bell Rd

      MINI-WAREHOUSE, STORAGE • 232,900 SF
      5256 Bell Rd, Glendale, AZ 85308-3945
      View Details

    Similar Nearby for Sale

    • $235,000
      0.77 Acres

      Glendale Land Opportunity

      0.77 acre lot in Vision Hills Estates, Glendale.
      19606 N 39Th Dr, Glendale, AZ 85308
      View Details
    • Contact for pricing
      12,064 SF

      Glendale Retail Property For Sale

      Retail property with long-term lease and strong corporate guaranty.
      6767-6773 W Bell Rd, Glendale, AZ 85308
      View Details
    • Contact for pricing
      6,504 SF

      Retail Space in Glendale, Arizona

      Retail space available for sale in Glendale, Arizona.
      4301 W Bell Rd, Glendale, AZ 85308
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    • Contact for pricing

      5665 W Bell Rd, Glendale, AZ 85308

      Land
      5665 W Bell Rd, Glendale, AZ 85308
      View Details
    • $1,267,164

      Land Available off Loop 101

      Land available for development near Loop 101 in Glendale, AZ.
      7910 W Beardsley Rd, Glendale, AZ 85308
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,663 SF

      Glendale Industrial Space For Rent

      Industrial property available for lease in Glendale, Arizona.
      5151 W Bell Rd, Glendale, AZ 85308
      View Details
    • Contact for pricing
      2,070 SF

      Glendale Flex Space Available

      Flex space in Glendale, Arizona, with 16' clear height.
      5115 W Bell Rd, Glendale, AZ 85308
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available at 67th Avenue & Bell Road.
      67th Ave & Bell Rd, Glendale, AZ 85308
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office property available for lease in Glendale, Arizona.
      18301 N 79Th Ave, Glendale, AZ 85308
      View Details
    • Contact for pricing
      2,128 SF

      Glendale Office Space Available

      Office space for rent, located off N 51st Ave.
      18205 N 51St Ave, Glendale, AZ 85308
      View Details
    • Contact for pricing
      1,817 SF

      Retail Space with Plumbing

      Retail space with excellent visibility and high traffic location.
      18425 N 51St Ave, Glendale, AZ 85308
      View Details
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    19019 59th Ave
    Glendale, AZ 85308-6501
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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