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    Property profile & analytics

    20329 N 59Th Ave Glendale, AZ 85308

    • Strip malls
    • 22,185 SF
    • 2.27 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1079537
    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

    • Premier Orthodontics of Arrowhead/Glendale / Orthodontist
    • Code Ninjas / Learning Center / After School Program
    • Lindsay Puccetti / Speech Pathologist
    • Carly Hernandez / Speech Pathologist
    • Xhemile Haruni / Speech Pathologist

    Property Details for 20329 N 59Th Ave

    Year built
    2000
    Construction
    CONCRETE
    Lot size
    2.27 lot acres
    Property size
    22,185 SF
    Zone code
    SC
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    200-23-980B
    APU
    20023980B

    Description

    Arrowhead Ranch, a Class B retail center in Glendale, Arizona (85308), offers exceptional investment opportunities. Located at 20329 N 59th Ave, this 22,280 square foot property sits on a 2.27-acre lot (APN 200-23-980B, Maricopa County) and is zoned SC. The center currently features a mix of retail and restaurant uses, including an EOS Fitness anchor tenant. There are two total suites available, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 4,800 square feet. Currently, 7,968 square feet of space is vacant, presenting a significant opportunity for new tenants. The property boasts a strong demographic profile, with an average household income exceeding $100,000 within a 3-mile radius. This makes it an ideal location for businesses targeting a high-income consumer base. The property's multiple tenancy structure offers flexibility for various business types. Interested parties should note that the property is categorized as Retail and Restaurant, with a subtype of Restaurant and Fitness.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,385,000
      Market price range: $2.71M - $10.2M
      AI Estimate
      $4,911,000
      Market price range: $2.44M - $9.39M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $6,410,000
      Current use
      COMMERCIAL (GENERAL)
      $6,800,000
      Change: +6% Conversion: Easy
      RETAIL STORES
      $5,895,000
      Change: -8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.185
    Latitude
    33.6711
    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
    $51,391
    $0.00
    $0.00
    $656,634
    -
    $1,196,300
    $2,783,300
    $3,979,600

    Comparable in this City

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      3,726 SF

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      View Details
    • Value Estimation
      $3,470,000
      7,855 SF

      7510 Aspera Blvd

      SHOPPING CENTER, STRIP CENTER • 7,855 SF
      7510 Aspera Blvd, Glendale, AZ 85308-8213
      View Details
    • Value Estimation
      $3,745,000
      8,482 SF

      7870 Bell Rd

      SHOPPING CENTER, STRIP CENTER • 8,482 SF
      7870 Bell Rd, Glendale, AZ 85308-8621
      View Details
    • Value Estimation by Request
      4,410 SF

      5775 Bell Rd

      SHOPPING CENTER, STRIP CENTER • 4,410 SF
      5775 Bell Rd, Glendale, AZ 85308-3880
      View Details
    • Value Estimation
      $23,190,000
      43,625 SF

      4913 Bell Rd

      SHOPPING CENTER, STRIP CENTER • 43,625 SF
      4913 Bell Rd, Glendale, AZ 85308
      View Details
    • Value Estimation
      $4,455,000
      12,923 SF

      17035 67th Ave

      SHOPPING CENTER, STRIP CENTER • 12,923 SF
      17035 67th Ave, Glendale, AZ 85308-4511
      View Details

    Similar Nearby for Sale

    • $11,280,000
      5.67 Acres

      Talavi Towne Center II: Glendale, AZ

      Prime Retail Investment: 61,302 SF, 100% Leased
      5665 Bell Rd, Glendale, AZ 85308
      View Details
    • Contact for pricing
      51,353 SF

      Glendale Retail Space Near Arrowhead

      Retail opportunity in Glendale's Arrowhead Trade Area.
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      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
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      32,458 SF

      Retail Space in Glendale, Arizona

      Retail property in a high-traffic shopping area.
      5665 W Bell Rd, Glendale, AZ 85308
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      Retail Space in Arrowhead Area

      Retail space near Arrowhead Towne Center with shopping and dining.
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      Arrowhead Shopping Center For Sale

      Shopping center in the Arrowhead trade area with multiple access.
      17570 N 75Th Ave, Glendale, AZ 85308
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    Similar Nearby for Lease

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      8,000 SF

      Retail Space in Bell Park

      Retail space in a busy Glendale neighborhood center.
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      Retail Space in Woodland Plaza

      Retail space available in Glendale, anchored by Dollar Tree.
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      Prime Retail Space - Bell Road

      Grocery-anchored center; 2,660 sq ft available
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    • $18 SF/Yr
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      Citadelle Plaza Retail Spaces Available

      Upscale Glendale retail, multiple spaces.
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      Glendale Retail Space For Lease

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      Retail Space in Glendale Center

      New multi-tenant retail center with regional anchors.
      5830 W Bell Rd, Glendale, AZ 85308
      View Details
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    Glendale, AZ 85308
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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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