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Property profile & analytics
OFF-MARKET
Estimated value
$3,185,000
Industrial properties
23639 35th Dr Glendale, AZ 85310-4138
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-2278890
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1995
Construction
CONCRETE
Total area
15,000 SF
Lot
0.34 ac (14,767 SF)
Zoning code
CP/BP
APN
205-16-207
UPID
US07-2278890
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
-
Sin fab industries Auto Repair Shop
-
The Craftsmen Cabinet Company Hardware & Home Improvement Furniture & Home Goods
-
Goodall Offroad Motorsports Metal Fabrication Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.19M
Blend (final)
Blend
$3.19M
Owner & transaction history
Sandcastle Jwm Props LLC · 16 yrs held
Sandcastle Jwm Props LLC
since 2009
7 recorded transactions
Zoning & alternative use
CP/BP · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.8M
+115.9%
Commercial (general)
$4.6M
+106.8%
Neighborhood: shopping center
$4.3M
+94.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,225,000
Current use
OFFICE BUILDING
$4,800,000
Change: +116% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,600,000
Change: +107% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,335,000
Change: +95% · Conversion: Difficult
RETAIL STORES
$3,985,000
Change: +79% · Conversion: Moderate
MEDICAL BUILDING
$3,440,000
Change: +55% · Conversion: Difficult
Blend value · Realmo final
$3.19M
Range $2.87M – $3.50M · ±10%
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
$212 / 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
$18,198
Tax year 2023
Assessed value
$371,366
Assessed 2024
Previous assessed
$305,184
+21.7% YoY
Effective rate
4.90%
On assessed value
Land market value
$450,100
Improvement market value
$1,800,600
Total market value
$2,250,700
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1995
Construction
CONCRETE
Heating
NONE
Cooling
EVAPORATIVE
Stories
1
Total area
15,000 SF
Lot
0.34 ac (14,767 SF)
Zoning code
CP/BP
APN
205-16-207
UPID
US07-2278890
Jurisdiction
MARICOPA
Zoning & alternative use
CP/BP · Glendale, AZZoning CP/BP · permitted uses
CP/BP · Glendale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.2M
OFFICE BUILDING
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$4.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
RETAIL STORES
Est. value
$4.0M
MEDICAL BUILDING
Est. value
$3.4M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
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
1995
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Sandcastle Jwm Props LLC
Entity
Mailing address
7352 AUTOPARK DR, HUNTINGTON BEACH, CA 92648-1240
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2009
$2,550,000
Sandcastle Jwm Props LLC
First Natl Bk Of Nv
Grant Deed
—
Jan 30, 2008
$968,154
First National Bank Of Arizona
Williams,craig K
Trustees Deed
related
—
Jan 30, 2008
$4,386,900
First National Bank Of Arizona
Williams,craig K
Trustees Deed
related
—
—
—
N & E Properties LLC
—
Deed Of Trust
related
$100,000 · Molokai LP
—
—
N & E Properties LLC
—
Deed Of Trust
related
$2,300,000 · American Pacific Fin'l Corp
—
—
N & E Properties LLC
—
Deed Of Trust
related
$330,000 · American Pacific Fin'l Corp
—
—
N & E Properties LLC
—
Deed Of Trust
related
$220,000 · Steven J Johnson
—
—
N & E Properties LLC
—
Deed Of Trust
related
$530,000 · Steven J Johnson
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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