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

    20255 59th Ave Glendale, AZ 85308-6815

    • Individual retail properties
    • 34,973 SF
    • 5.78 lot acres
    OFF-MARKET
    Value Estimations
    $12,635,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1359847
    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

    • EōS Fitness / Gym
    • Lu Chamberlain / Pharmacy
    • Edward Molette / Pharmacy

    Property Details for 20255 59th Ave

    Year built
    1996
    Construction
    CONCRETE
    Lot size
    5.78 lot acres
    Property size
    34,973 SF
    Zone code
    SC
    Property type
    Individual retail properties
    APN
    200-23-940
    APU
    20023940

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $12,634,000
      Market price range: $6.56M - $13.4M
      AI Estimate
      $12,634,000
      Market price range: $6.56M - $13.4M

    • Alternative Use

      Use
      Estimation
      GYM, HEALTH SPA
      $9,525,000
      Current use
      AUTO REPAIR, GARAGE
      $15,320,000
      Change: +61% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $10,720,000
      Change: +13% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $10,105,000
      Change: +6% Conversion: Difficult
      RETAIL STORES
      $9,295,000
      Change: -2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.185
    Latitude
    33.6699
    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
    $122,731
    $0.00
    $0.00
    $1,949,442
    -
    $3,042,800
    $8,772,000
    $11,814,800

    Comparable in this City

    • Value Estimation
      $5,420,000
      28,900 SF

      4316 Bell Rd

      GYM, HEALTH SPA • 28,900 SF
      4316 Bell Rd, Glendale, AZ 85308-3515
      View Details
    • Value Estimation
      $26,890,000
      75,876 SF

      19021 57th Ave

      GYM, HEALTH SPA • 75,876 SF
      19021 57th Ave, Glendale, AZ 85308
      View Details
    • Value Estimation
      $8,875,000
      43,582 SF

      5536 Bell Rd

      GYM, HEALTH SPA • 43,582 SF
      5536 Bell Rd, Glendale, AZ 85308-3866
      View Details
    • Value Estimation
      $6,730,000
      35,372 SF

      18295 83rd Ave

      GYM, HEALTH SPA • 35,372 SF
      18295 83rd Ave, Glendale, AZ 85308-0509
      View Details
    • Value Estimation
      $13,465,000
      39,254 SF

      20250 75th Ave

      GYM, HEALTH SPA • 39,254 SF
      20250 75th Ave, Glendale, AZ 85308-7935
      View Details
    • Value Estimation
      $5,135,000
      13,398 SF

      19888 73rd Ave

      GYM, HEALTH SPA • 13,398 SF
      19888 73rd Ave, Glendale, AZ 85308-8904
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,160 SF

      Retail Space in Arrowhead Area

      Retail space near Arrowhead Towne Center with shopping and dining.
      18255 N 83Rd Ave, 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
      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
    • 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
      View Details
    • $3,433,600
      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
    • $2,500,000
      998 SF

      Glendale Dutch Bros. Investment

      High-Growth Coffee Shop NNN Lease
      5724 Bell Rd, Glendale, AZ 85308
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,700 SF

      Retail Space Near I-17 Freeway

      15,700 SF retail space conveniently located off Bell Rd.
      3522 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
    • Contact for pricing
      3,500 SF

      Retail Pad in Glendale Center

      Retail space available in a busy, high-traffic Glendale location.
      4240 W Union Hills Dr, Glendale, AZ 85308
      View Details
    • Contact for pricing
      2,274 SF

      Retail Space at Lighted Intersection

      Retail space in Glendale, surrounded by national tenants.
      7507 W Rose Garden Ln, Glendale, AZ 85308
      View Details
    • Contact for pricing
      3,720 SF

      Retail Space on Busy Intersection

      Retail space available in Glendale, Arizona, with monument signage.
      5905 W Bell Rd, Glendale, AZ 85308
      View Details
    • Contact for pricing
      4,800 SF

      Retail Space in Glendale Center

      Class A retail space available in Glendale, Arizona.
      7942-8290 W Bell Rd, Glendale, AZ 85308
      View Details
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    Glendale, AZ 85308-6815
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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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