Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    19880 59th Ave Glendale, AZ 85308-6867

    • Drive through restaurants
    • 2,237 SF
    • 0.99 lot acres
    OFF-MARKET
    Last Sale
    May 26, 2022
    $1,575,000
    Value Estimations
    $1,615,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0145026
    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

    • Del Taco / Taco Restaurant / Fast Food Restaurant

    Property Details for 19880 59th Ave

    Year built
    2002
    Lot size
    0.99 lot acres
    Property size
    2,237 SF
    Property type
    Drive through restaurants
    APN
    200-28-861
    APU
    20028861

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,975,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,659,000
      Market price range: $872k - $3.22M
      AI Estimate
      $1,659,000
      Market price range: $872k - $3.22M

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

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.187
    Latitude
    33.6662
    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
    2022
    $11,985
    $0.00
    $0.00
    $135,515
    -
    $248,400
    $572,900
    $821,300

    Comparable in this City

    • Value Estimation
      $23,190,000
      3,509 SF

      4925 Bell Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,509 SF
      4925 Bell Rd, Glendale, AZ 85308-3427
      View Details
    • Value Estimation
      $5,855,000
      4,062 SF

      20630 75th Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,062 SF
      20630 75th Ave, Glendale, AZ 85308-8208
      View Details
    • Value Estimation
      $2,890,000
      2,006 SF

      5705 Bell Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,006 SF
      5705 Bell Rd, Glendale, AZ 85308-3869
      View Details
    • Value Estimation
      $4,510,000
      3,129 SF

      5920 Bell Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,129 SF
      5920 Bell Rd, Glendale, AZ 85308-3712
      View Details
    • Value Estimation
      $800,000
      1,720 SF

      4387 Bell Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,720 SF
      4387 Bell Rd, Glendale, AZ 85308-3531
      View Details
    • Value Estimation
      $3,855,000
      3,237 SF

      5120 Bell Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,237 SF
      5120 Bell Rd, Glendale, AZ 85308-3944
      View Details

    Similar Nearby for Sale

    • $2,500,000
      998 SF

      Glendale Dutch Bros. Investment

      High-Growth Coffee Shop NNN Lease
      5724 Bell Rd, Glendale, AZ 85308
      View Details
    • Contact for pricing
      6,062 SF

      Freestanding Restaurant Near Arrowhead Center

      Freestanding restaurant outparcel near Arrowhead Towne Center, Glendale, Arizona.
      7704 W Bell Rd, Glendale, AZ 85308
      View Details
    • Contact for pricing
      2,811 SF

      Retail Space Near National Tenants

      Retail space with high traffic and income demographics.
      6800 W Bell Rd, Glendale, AZ 85308
      View Details
    • $2,700,000
      4 SF

      Glendale Retail Investment Opportunity

      NNN retail property with an established tenant and long-term lease.
      20630 N 75Th Ave, Glendale, AZ 85308
      View Details
    • Contact for pricing
      43,560 SF

      Arrowhead Towne Center Pad Sites

      1-2 acre pads available in Arrowhead Towne Center.
      7700 W Arrowhead Towne Ctr, Glendale, AZ 85308
      View Details
    • Contact for pricing
      35,684 SF

      Arrowhead Shopping Center For Sale

      Shopping center in the Arrowhead trade area with multiple access.
      17570 N 75Th Ave, Glendale, AZ 85308
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      25,700 SF

      Glendale Retail & Office Space

      Retail, drive-thru pad, and office space available in Glendale.
      4913 W Bell Rd, Glendale, AZ 85308
      View Details
    • Contact for pricing
      2,561 SF

      Retail Space Near Arrowhead Center

      Retail and office spaces available near Arrowhead Town Center.
      4917 W Bell Rd, Glendale, AZ 85308
      View Details
    • Contact for pricing
      3,466 SF

      Bell Road Retail Opportunity

      High-traffic location with drive-thru, near WinCo and Floor&Decor.
      5740 W Bell Rd, Glendale, AZ 85308
      View Details
    • Contact for pricing
      14,210 SF

      Glendale Retail Space with Drive-Thru

      Retail space with drive-thru in a high-traffic Glendale location.
      5490 W Bell Rd, Glendale, AZ 85308
      View Details
    • $10 SF/Yr
      45,593 SF

      Glendale Retail Space For Rent

      Retail spaces available in a national grocery anchored center.
      5880 W Bell Rd, Glendale, AZ 85308
      View Details
    • Contact for pricing
      6,062 SF

      Glendale Restaurant - Prime Location

      Freestanding restaurant, 6,062 sq ft, 1.06 acres
      7704 Bell Rd, Glendale, AZ 85308
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    19880 59th Ave
    Glendale, AZ 85308-6867
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.