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

    20359 59th Ave Glendale, AZ 85308-6856

    • Office buildings
    • 13,942 SF
    • 1.83 lot acres
    OFF-MARKET
    Value Estimations
    $5,355,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0021037
    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

    • Team Fischer- Fairway Independent Mortgage Corporation- Glendale, AZ Branch / Loan Service / Bank
    • Dominick Santalucia- Fairway Independent Mortgage Corporation- Glendale, AZ Branch / Loan Service / Bank
    • Leo Zuniga - Team Z - Fairway Independent Mortgage Corp / Loan Service
    • Robin Grivel | Fairway Independent Mortgage Corporation Loan Officer / Loan Service / Bank
    • Michael Anthony Roman | Fairway Independent Mortgage Corporation Loan Officer / Loan Service / Bank

    Property Details for 20359 59th Ave

    Year built
    2000
    Construction
    CONCRETE
    Lot size
    1.83 lot acres
    Property size
    13,942 SF
    Zone code
    SC
    Property type
    Office buildings
    APN
    200-23-980A
    APU
    20023980A

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,353,000
      Market price range: $667k - $5.35M
      AI Estimate
      $5,353,000
      Market price range: $667k - $5.35M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $6,105,000
      COMMERCIAL (GENERAL)
      $4,275,000
      NEIGHBORHOOD: SHOPPING CENTER
      $4,030,000
      RETAIL STORES
      $3,705,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.186
    Latitude
    33.6713
    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
    $25,598
    $0.00
    $0.00
    $332,294
    -
    $951,800
    $1,062,100
    $2,013,900

    Comparable in this City

    • Value Estimation
      $1,405,000
      5,991 SF

      7170 Camino San Xavierb105

      OFFICE BUILDING • 5,991 SF
      7170 Camino San Xavierb105, Glendale, AZ 85308-0833
      View Details
    • Value Estimation
      $1,350,000
      5,991 SF

      7170 Camino San Xavier B Bldg B

      OFFICE BUILDING • 5,991 SF
      7170 Camino San Xavier B Bldg B, Glendale, AZ 85308-0834
      View Details
    • Value Estimation
      $1,440,000
      7,215 SF

      17215 72nd Dr Ste B120

      OFFICE BUILDING • 7,215 SF
      17215 72nd Dr Ste B120, Glendale, AZ 85308-8572
      View Details
    • Value Estimation
      $1,075,000
      9,243 SF

      20100 51st Ave Ste E510

      OFFICE BUILDING • 9,243 SF
      20100 51st Ave Ste E510, Glendale, AZ 85308-5087
      View Details
    • Value Estimation
      $875,000
      7,308 SF

      7170 Camino San Xavier Ste D117

      OFFICE BUILDING • 7,308 SF
      7170 Camino San Xavier Ste D117, Glendale, AZ 85308-0934
      View Details
    • Value Estimation
      $7,505,000
      19,552 SF

      7350 Camino San Xavier

      OFFICE BUILDING • 19,552 SF
      7350 Camino San Xavier, Glendale, AZ 85308-3733
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      36,010 SF

      Multi-Tenant Office Building For Sale

      Two-building office property with modernized common areas and ample parking.
      7111 W Bell Rd, Glendale, AZ 85308
      View Details
    • $983,000
      2,659 SF

      High-End Office Condo in Glendale

      Office condo in Arrowhead area, tenant in place until 2026.
      7155 W Campo Bello Dr, Glendale, AZ 85308
      View Details
    • Contact for pricing
      6,845 SF

      Glendale Office Condo For Sale

      Office condo available for sale or lease in Glendale, AZ.
      7170 W Camino San Xavier, Glendale, AZ 85308
      View Details
    • $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
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,542 SF

      Free-Standing Office Building For Rent

      Office building for rent near Loop 101 and Arrowhead Mall.
      17235 N 75Th Ave, Glendale, AZ 85308
      View Details
    • Contact for pricing

      Office/Medical Complex For Lease

      Office/medical complex with Loop 101 and I-17 access.
      7111-7121 W Bell Rd, Glendale, AZ 85308
      View Details
    • Contact for pricing

      Move-in Ready Office Space

      Functional office space with reception, offices, and open area.
      18001 N 79Th Ave, Glendale, AZ 85308
      View Details
    • Contact for pricing

      Turnkey Office Suite For Rent

      Office suite available for lease above high profile retail center.
      19420 N 59Th Ave, 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
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    Glendale, AZ 85308-6856
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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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