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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Warehouses
3577 Electra Ln Glendale, AZ 85310-4505
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-0904239
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2018
Construction
CONCRETE
Total area
5,334 SF
Lot
1.13 ac (49,104 SF)
Zoning code
CP/BP
APN
205-11-881
UPID
US07-0904239
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
-
Zerorez Carpet Cleaning Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$853k
Blend (final)
Blend
$855k
Owner & transaction history
Somerset Ents LLC · 9 yrs held
Somerset Ents LLC
since 2016
7 recorded transactions
Zoning & alternative use
CP/BP · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.4M
+309.5%
Medical building
$1.2M
+253.4%
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
RETAIL STORES
$1,420,000
Change: +310% · Conversion: Moderate
MEDICAL BUILDING
$1,225,000
Change: +253% · Conversion: Difficult
Blend value · Realmo final
$855k
Range $770k – $941k · ±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
$160 / 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
$14,866
Tax year 2023
Assessed value
$209,329
Assessed 2024
Previous assessed
$230,316
-9.1% YoY
Effective rate
7.10%
On assessed value
Land market value
$456,500
Improvement market value
$812,161
Total market value
$1,268,661
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
5,334 SF
Lot
1.13 ac (49,104 SF)
Zoning code
CP/BP
APN
205-11-881
UPID
US07-0904239
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
RETAIL STORES
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.2M
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
2018
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Somerset Ents LLC
Entity
Mailing address
1431 W HARVARD AVE, GILBERT, AZ 85233-3052
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2018
—
Somerset Enterprises LLC
—
Deed
related
$1,050,000 · Wells Fargo Bank NA
Mar 21, 2018
—
Somerset Ents LLC
—
Trustees Deed
related
$1,157,800 · Wells Fargo Bk/tx
Nov 22, 2016
—
Somerset Enterprises LLC
—
Deed
related
$1,757,500 · Wells Fargo Bank NA
Sep 7, 2016
$255,000
Somerset Ents LLC
Pierce,kevin J
Grant Deed
—
Sep 10, 1998
$156,140
Kevin Pierce
Denagon Properties I LLC
Grant Deed
$100,000 · Bank One Arizona
Aug 29, 1994
—
Properties 1 L L C Denagon
Rtc
Grant Deed
$4,070,000 · Seller
Jun 17, 1993
$3,600,000
Southwest Savings
Thunderbird Vall
Trustees Deed
related
—
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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