Back to Search
Property profile & analytics
FOR SALE
Commercial real estate
4240 W Bell Rd Glendale, AZ 85308
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US07-2333092
For Sale
1 / 11
$8,900,000
4240 W Bell Rd, Glendale, AZ 85308
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2002
Construction
CONCRETE
Total area
60,412 SF
Lot
1.71 ac (74,390 SF)
Zoning code
PSC
APN
207-18-589B
UPID
US07-2333092
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
-
Mega Furniture - Outlet Furniture & Home Goods Home Decor Store
-
Hobby Bench (Bell Road) (Bike/Boat/Book/etc) Store Arcade & Gaming Center
-
The Tailoring Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.76M
Blend (final)
Blend
$7.76M
Owner & transaction history
Fortune Intl Props LLC · 11 yrs held
Fortune Intl Props LLC
since 2014
7 recorded transactions
Zoning & alternative use
PSC · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$7.76M
Range $6.98M – $8.54M · ±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
$128 / 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
$25,885
Tax year 2023
Assessed value
$287,727
Assessed 2024
Previous assessed
$256,666
+12.1% YoY
Effective rate
9.00%
On assessed value
Land market value
$511,500
Improvement market value
$1,232,300
Total market value
$1,743,800
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
2002
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Total area
60,412 SF
Lot
1.71 ac (74,390 SF)
Zoning code
PSC
APN
207-18-589B
UPID
US07-2333092
Jurisdiction
MARICOPA
Zoning & alternative use
PSC · Glendale, AZ
Zoning PSC · permitted uses
PSC · Glendale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glendale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2002
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.71 ac
Current owner
From public records · entity-resolved
Fortune Intl Props LLC
Entity
Mailing address
10265 E SHANGRI LA RD, SCOTTSDALE, AZ 85260-6317
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2017
—
Fortune Intl Props LLC
—
Deed
related
$2,940,000 · Bank Of The West
Oct 6, 2014
$1,300,000
Fortune Intl Props LLC
2010-1 Cre Az-retail LLC
Grant Deed
$975,000 · Wells Fargo Bk
Feb 13, 2014
$775,490
Redland Holdings LLC
2010-1 Cre Az-retail LLC
Grant Deed
related
$1,144,800 · Arizona Busn Bk
Sep 18, 2013
$1,932,000
2010-1 Cre Az-retail LLC
Cotterman,joseph E|bp Phoenix LLC
Trustees Deed
—
Jul 2, 2013
$1,932,000
2010-1 Az-retail LLC
Cotterman Joseph E|bp Phoenix LLC
Trustees Deed
—
Oct 3, 2012
—
Bp Phoenix LLC
Bp Phoenix LLC
Quit Claim Deed
related
—
May 13, 2008
$4,850,000
Bp Phoenix LLC
Abs Sw Investor LLC
Grant Deed
$6,800,000 · Community Bk/nv
Jul 20, 2006
$7,200,000
Abs Sw Investor LLC
Albertsons LLC
Warranty Deed
$168,927,970 · Greenwich Capital Financial Product
—
—
Fortune Intl Props LLC
—
Deed Of Trust
related
$2,940,000 · Bank Of The West
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
