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Property profile & analytics
OFF-MARKET
Estimated value
$4,280,000
Strip malls
21610 35th Ave Glendale, AZ 85308-2026
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-2080427
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Construction
CONCRETE
Total area
9,120 SF
Lot
3.68 ac (160,182 SF)
Zoning code
C-1
APN
206-20-421C
UPID
US07-2080427
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Luke Atkins - State Farm Insurance Agent Insurance Agency
-
Deer Valley Smoke Shop (Bike/Boat/Book/etc) Store
-
AutoZone Auto Parts Auto Parts Store
-
THE BINS AZ Discount Store
-
Autumn Le Nail Spa Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.19M
Blend (final)
Blend
$4.28M
Owner & transaction history
Helen S Hung · 3 yrs held
Helen S Hung
since 2022
Last sale
$4.6M
5 recorded transactions
Zoning & alternative use
C-1 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.0M
+51.6%
Commercial (general)
$2.8M
+6.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Glendale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glendale submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,190,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,635,000
Current use
AUTO REPAIR, GARAGE
$3,995,000
Change: +52% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,795,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$4.28M
Range $3.85M – $4.71M · ±10% · vs last sale $4.58M (Oct 19 2022)
Last sale anchor
$4.58M
Oct 19 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$469 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$55,393
Tax year 2023
Assessed value
$801,275
Assessed 2024
Previous assessed
$693,892
+15.5% YoY
Effective rate
6.91%
On assessed value
Land market value
$1,321,600
Improvement market value
$3,544,224
Total market value
$4,865,824
Applied tax rate
971,300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
9,120 SF
Lot
3.68 ac (160,182 SF)
Zoning code
C-1
APN
206-20-421C
UPID
US07-2080427
Jurisdiction
MARICOPA
Zoning & alternative use
C-1 · Glendale, AZ
Zoning C-1 · permitted uses
C-1 · Glendale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glendale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
3.68 ac
Current owner
From public records · entity-resolved
Helen S Hung
Individual
Mailing address
4701 E MARSTON DR, PARADISE VALLEY, AZ 85253-4051
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2026
—
Vb S1 Assets LLC
—
Deed
related
$551,482 · Deutsche Bank Trust Co Americas
Oct 19, 2022
$4,580,000
Helen S Hung
Country Club Ventures LLC
Special Warranty Deed
—
Apr 26, 2022
$3,850,000
Country Club Ventures LLC
Deer Valley Pavillions LLC
Special Warranty Deed
$2,350,000 · The R & C Trust
Dec 16, 2008
—
Deer Valley Pavilions LLC
Deer Valley Pavilions LLC
Quit Claim Deed
related
—
—
—
Deer Valley Pavilions LLC
—
Deed Of Trust
related
$2,350,000 · American United Life Ins Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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