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Property profile & analytics
OFF-MARKET
Estimated value
$20,575,000
Flex space
4932 Colter St Glendale, AZ 85301-7011
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0927594
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1975
Construction
CONCRETE
Total area
136,942 SF
Lot
6 ac (261,356 SF)
Zoning code
M-2
APN
145-28-006C
UPID
US07-0927594
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
-
Corsicana Mattress Company Industrial Manufacturer Production Facility
-
Parkinnn Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$20.57M
Blend (final)
Blend
$20.58M
Owner & transaction history
Phoenix Glendale Industrial Invr Ll · 4 yrs held
Phoenix Glendale Industrial Invr Ll
since 2021
3 recorded transactions
Zoning & alternative use
M-2 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$31.4M
+54.7%
Auto repair, garage
$26.7M
+31.5%
Retail stores
$26.2M
+29.3%
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)
$20,300,000
Current use
MEDICAL BUILDING
$31,400,000
Change: +55% · Conversion: Difficult
AUTO REPAIR, GARAGE
$26,685,000
Change: +31% · Conversion: Easy
RETAIL STORES
$26,235,000
Change: +29% · Conversion: Moderate
Blend value · Realmo final
$20.58M
Range $18.52M – $22.63M · ±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
$150 / 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
$72,441
Tax year 2023
Assessed value
$2,306,931
Assessed 2024
Previous assessed
$1,764,617
+30.7% YoY
Effective rate
3.14%
On assessed value
Land market value
$1,166,300
Improvement market value
$12,815,100
Total market value
$13,981,400
Applied tax rate
680,700.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1975
Construction
CONCRETE
Heating
NONE
Cooling
EVAPORATIVE
Buildings
2
Stories
1
Units
2
Total area
136,942 SF
Lot
6 ac (261,356 SF)
Zoning code
M-2
APN
145-28-006C
UPID
US07-0927594
Jurisdiction
MARICOPA
Zoning & alternative use
M-2 · Glendale, AZ
Zoning M-2 · permitted uses
M-2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$20.3M
MEDICAL BUILDING
Est. value
$31.4M
AUTO REPAIR, GARAGE
Est. value
$26.7M
RETAIL STORES
Est. value
$26.2M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1975
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
6 ac
Current owner
From public records · entity-resolved
Phoenix Glendale Industrial Invr Ll
Individual
Mailing address
401 E KILBOURN AVE STE #201, MILWAUKEE, WI 53202-3212
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2021
—
Phoenix Glendale Industrial Invr Ll
Moran Real Estate Properties Ltd
Special Warranty Deed
$9,940,000 · Wisconsin Bank & Trust
Sep 7, 2011
$2,850,000
Moran Real Estate Props Ltd
Tin INC
Grant Deed
—
Mar 31, 1988
$3,282,000
Gaylord Containe
Fibre
Grant Deed
—
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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