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    23639 N 35Th Dr Glendale, AZ 85310

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    23639 N 35Th Dr Glendale, AZ 85310

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    • Warehouses
    • 1.64 lot acres
    For Lease
    $1.25 SF/Yr
    View Listing →
    Glendale Warehouse with Fenced Yard For Lease
    $1.25 SF/Yr
    15,000 SF

    Glendale Warehouse with Fenced Yard

    15,000 SF warehouse with fenced yard available for lease.

    23639 N 35th Dr, Glendale, AZ
    View Listing
    Property ID
    US07-2248976
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sin fab industries / Auto Repair Shop
    • The Craftsmen Cabinet Company / Hardware & Home Improvement / Furniture & Home Goods
    • Goodall Offroad Motorsports / Metal Fabrication Plant / Factory

    Property Details for 23639 N 35Th Dr

    Lot size
    1.64 lot acres
    Zone code
    CP/BP
    Property type
    Warehouses
    APN
    205-16-208
    APU
    20516208

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.137
    Latitude
    33.701
    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
    2022
    $10
    $0.00
    $0.00
    $83
    -
    $500
    $0.00
    $500

    Comparable in this City

    • Value Estimation
      $855,000
      5,334 SF

      3577 Electra Ln

      WAREHOUSE, STORAGE • 5,334 SF
      3577 Electra Ln, Glendale, AZ 85310-4505
      View Details
    • Value Estimation
      $2,935,000
      13,820 SF

      23630 35th Dr

      LIGHT INDUSTRIAL • 13,820 SF
      23630 35th Dr, Glendale, AZ 85310-4503
      View Details
    • Value Estimation
      $2,085,000
      9,810 SF

      3581 Electra Ln

      LIGHT INDUSTRIAL • 9,810 SF
      3581 Electra Ln, Glendale, AZ 85310-4505
      View Details
    • Value Estimation
      $2,370,000
      11,165 SF

      23450 35th Dr

      LIGHT INDUSTRIAL • 11,165 SF
      23450 35th Dr, Glendale, AZ 85310-4194
      View Details
    • Value Estimation
      $3,185,000
      15,000 SF

      23639 35th Dr

      INDUSTRIAL (GENERAL) • 15,000 SF
      23639 35th Dr, Glendale, AZ 85310-4138
      View Details
    • Value Estimation
      $2,295,000
      12,264 SF

      23640 35th Dr

      DISTRIBUTION WAREHOUSE • 12,264 SF
      23640 35th Dr, Glendale, AZ 85310
      View Details

    Similar Nearby for Sale

    • $10,905,280

      Two Industrial Buildings with Yard

      Two industrial buildings totaling 41,152 SF with fenced yard.
      23619 N 35Th Dr, Glendale, AZ 85310
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    • Contact for pricing
      41,152 SF

      Industrial Buildings with Fenced Yard

      Two industrial buildings with fenced yard and multiple loading doors.
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      12,264 SF

      Free Standing Glendale Warehouse

      Free standing warehouse building with fenced yard and HVAC.
      23630 N 35Th Dr, Glendale, AZ 85310
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      7,484 SF

      Glendale Warehouse with Secured Yard

      7,484 SF warehouse on 0.89 acres with secured yard.
      23449 N 35Th Dr, Glendale, AZ 85310
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      12,264 SF

      Industrial Building For Sale

      Industrial building with HVAC and potential fenced yard.
      23640 N 35Th Dr, Glendale, AZ 85310
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    • $549,900
      1.18 Acres

      Land in Gated Community

      Large lot with HOA-approved plans for a modern home.
      23650 N 63Rd Dr, Glendale, AZ 85310
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    Similar Nearby for Lease

    • Contact for pricing
      15,000 SF

      Glendale Warehouse with Fenced Yard

      15,000 SF warehouse with fenced yard available for lease.
      23639 N 35Th Dr, Glendale, AZ 85310
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in North Canyon

      Retail space available in a vibrant Glendale shopping center.
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      1,004 SF

      Glendale Retail Shop Spaces Available

      Retail spaces available in Glendale, Arizona with high foot traffic.
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      Retail Space in Fry's-Anchored Center

      Inline retail space with excellent access and visibility.
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      3,401 SF

      Upscale Glendale Shopping Center Space

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      View Details
    View Listing
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    Glendale, AZ 85310
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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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