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Property profile & analytics
OFF-MARKET Estimated value $10,805,000
Outlet malls

23425 39th Dr Glendale, AZ 85310-4199

42,504 SF 5.32 ac lot Built 1996
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US07-0000505
Property summary
AI-generated overview

This established ProStyles Barbershop, located at 23425 N 39th Dr, Glendale, AZ 85310, presents a unique owner-user opportunity. The 1,122 square foot property is situated in a prime location near major attractions including the TSMC chip manufacturing plant and Six Flags Hurricane Harbor. The barbershop boasts a strong online presence with a custom website, point-of-sale system, and online appointment scheduling, all contributing to a streamlined and efficient operation. With a loyal clientele and a proven track record of success over the past 10 years, this business offers significant upside potential. The current owner is willing to remain involved, along with two other barbers, providing continuity and expertise for the new owner. The asking price is $200,000 ($178.25/sq ft). The property features low overhead and a system designed for growth. The building, one of sixteen in the complex, was built 30 years ago and renovated 9 years ago. The current lease is a NNN lease expiring June 30, 2024, with lease options available for 2 or 5 years. The barbershop offers $30 haircuts and has consistently received five-star reviews. This is an exceptional opportunity for an owner-operator seeking a well-established, profitable business with significant growth potential in a high-traffic area. The property is a single-story building within a multi-tenant complex that includes Taco Bell, McDonald's, KFC, and Goodwill, among others.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1996
Construction CONCRETE
Total area 42,504 SF
Lot 5.32 ac (231,922 SF)
Zoning code PSC
APN 205-11-990C
UPID US07-0000505
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
  • I & S Tax Service LLC Tax Preparation
  • Jo Jo's Pizza & Family Restaurant Restaurant
  • Subway Take-out & Catering Catering Service
  • Skin Haus AZ Medical Clinic Skin Care Clinic
  • Acential Reiki Physician Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$10.80M
Blend (final) Blend
$10.81M
Owner & transaction history
Phoenix East Holdings LLC · 7 yrs held
Phoenix East Holdings LLC
since 2019
2 recorded transactions
2019
$10.7M
2016
$8.7M
Zoning & alternative use
PSC · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $13.6M +20.4%
Commercial (general) $13.0M +15.4%
Neighborhood: shopping center $12.3M +8.7%
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