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

    23659 35th Dr Glendale, AZ 85310-4138

    • Flex space
    • 9,200 SF
    • 0.58 lot acres
    OFF-MARKET
    Value Estimations
    $1,955,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0044888
    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

    • RKS Plumbing & Mechanical / Plumber / Corporate Campus

    Property Details for 23659 35th Dr

    Year built
    2005
    Construction
    CONCRETE
    Lot size
    0.58 lot acres
    Property size
    9,200 SF
    Zone code
    CP/BP
    Property type
    Flex space
    APN
    205-11-873B
    APU
    20511873B

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,953,000
      Market price range: $528k - $1.95M
      AI Estimate
      $1,953,000
      Market price range: $528k - $1.95M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,365,000
      Current use
      OFFICE BUILDING
      $2,945,000
      Change: +116% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,820,000
      Change: +107% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,660,000
      Change: +95% Conversion: Difficult
      RETAIL STORES
      $2,445,000
      Change: +79% Conversion: Moderate
      MEDICAL BUILDING
      $2,110,000
      Change: +55% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.136
    Latitude
    33.7016
    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
    $13,668
    $0.00
    $0.00
    $260,667
    -
    $221,400
    $1,358,400
    $1,579,800

    Comparable in this City

    • 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
      $3,345,000
      15,744 SF

      23439 35th Dr

      LIGHT INDUSTRIAL • 15,744 SF
      23439 35th Dr, Glendale, AZ 85310-4193
      View Details
    • Value Estimation
      $2,520,000
      9,384 SF

      23650 35th Dr

      LIGHT INDUSTRIAL • 9,384 SF
      23650 35th Dr, Glendale, AZ 85310-4504
      View Details
    • Value Estimation
      $1,965,000
      9,247 SF

      3580 Electra Ln

      LIGHT INDUSTRIAL • 9,247 SF
      3580 Electra Ln, Glendale, AZ 85310-4501
      View Details

    Similar Nearby for Sale

    • $3,200,000
      12,264 SF

      Industrial Building For Sale

      Industrial building with HVAC and potential fenced yard.
      23640 N 35Th Dr, Glendale, AZ 85310
      View Details
    • $10,905,280
      41 SF

      Two Industrial Buildings with Yard

      Two industrial buildings totaling 41,152 SF with fenced yard.
      23619 N 35 Dr | Glendale, Glendale, AZ 85310
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    • $2,650,000
      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
      View Details
    • $3,200,000
      12,264 SF

      Free Standing Glendale Warehouse

      Free standing warehouse building with fenced yard and HVAC.
      23630 N 35Th Dr, Glendale, AZ 85310
      View Details
    • $10,905,280
      41,152 SF

      Industrial Buildings with Fenced Yard

      Two industrial buildings with fenced yard and multiple loading doors.
      23619-23639 N 35Th Dr, Glendale, AZ 85310
      View Details
    • $430,000
      0.70 Acres

      Residential Land in Tuscany Hills

      Residential land for custom home in exclusive Tuscany Hills community.
      24213 N 65Th Ave, Glendale, AZ 85310
      View Details

    Similar Nearby 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 85310
      View Details
    • Contact for pricing
      15,500 SF

      Argento on 67th: Prime Retail Space

      Modern Retail/Office, North Phoenix
      23423 67Th Ave, Phoenix, AZ 85310
      View Details
    • Contact for pricing

      Prime Commercial Outparcel Near TSMC

      0.91 acre outparcel for lease or sale in Glendale.
      23402 N 41St Ave, Glendale, AZ 85310
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space in Fry's-Anchored Center

      Inline retail space with excellent access and visibility.
      6625-6635 W Happy Valley Rd, Glendale, AZ 85310
      View Details
    • Contact for pricing
      3,401 SF

      Upscale Glendale Shopping Center Space

      Neighborhood shopping center anchored by Safeway in Glendale, Arizona.
      3770-3880 W Happy Valley Rd, Glendale, AZ 85310
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in North Canyon

      Retail space available in a vibrant Glendale shopping center.
      23425 N 39Th Dr, Glendale, AZ 85310
      View Details
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    Glendale, AZ 85310-4138
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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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