Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4932 W Pasadena Ave Glendale, AZ 85301

    • Distribution centers
    • 50,068 SF
    • 5.00 lot acres
    For Sale
    View listing
    Last Sale
    Feb 16, 2022
    $7,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-3279919
    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

    • Distribution centers

    Property Details for 4932 W Pasadena Ave

    Year built
    1973
    Construction
    CONCRETE
    Lot size
    5.00 lot acres
    Property size
    50,068 SF
    Zone code
    M-2
    Property type
    Distribution centers
    APN
    145-28-019C
    APU
    14528019C

    Description

    This exceptional 51,502-square-foot industrial service facility sits on a spacious 5-acre lot in Glendale, Arizona, and is zoned M-2 for heavy industrial use. The property boasts significant recent renovations and offers a versatile layout including approximately 51,102 square feet of building space with approximately 11,000 square feet dedicated to office space. Its strategic location provides easy access to major transportation arteries, being less than five minutes from US-60/Grand Avenue and ten minutes from I-10. The building features seven dock-high loading doors and two grade-level doors, ensuring efficient loading and unloading operations. Heavy power is readily available, and the property is BNSF rail capable, adding significant logistical advantages. The expansive 5-acre site is ideal for outdoor storage, further enhancing the property's functionality and appeal. This property is perfectly suited for a variety of uses, including equipment rental, truck and trailer repair, heavy manufacturing, or as an industrial service facility. The combination of size, location, amenities, and zoning makes this an outstanding opportunity for businesses seeking a prime industrial location in Glendale, Arizona. The property's address is 4932 W Pasadena Ave, Glendale, AZ 85301, within Maricopa County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,775,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,975,000
      6.5%
      $7,360,000
      7%
      $6,835,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $11,480,000
      AUTO REPAIR, GARAGE
      $9,755,000
      RETAIL STORES
      $9,590,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.166
    Latitude
    33.5122
    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
    2023
    $46,348
    $0.00
    $0.00
    $873,191
    -
    $1,169,100
    $4,159,100
    $5,328,200

    Comparable in this City

    • Value Estimation
      $2,745,000
      102,674 SF

      5355 51st Ave

      DISTRIBUTION WAREHOUSE • 102,674 SF
      5355 51st Ave, Glendale, AZ 85301-7005
      View Details
    • Value Estimation by Request
      3,280 SF

      5619 53rd Ave

      DISTRIBUTION WAREHOUSE • 3,280 SF
      5619 53rd Ave, Glendale, AZ 85301-6011
      View Details
    • Value Estimation by Request
      10,200 SF

      5300 Grand Ave

      DISTRIBUTION WAREHOUSE • 10,200 SF
      5300 Grand Ave, Glendale, AZ 85301-7703
      View Details
    • Value Estimation by Request
      4,604 SF

      6617 57Th Ave

      Distribution properties • 4,604 SF
      6617 57Th Ave, Glendale, AZ 85301
      View Details
    • Value Estimation by Request
      12,500 SF

      5627 52nd Ave

      DISTRIBUTION WAREHOUSE • 12,500 SF
      5627 52nd Ave, Glendale, AZ 85301-6009
      View Details
    • Value Estimation by Request
      10,920 SF

      6250 51st Ave

      DISTRIBUTION WAREHOUSE • 10,920 SF
      6250 51st Ave, Glendale, AZ 85301
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      78,301 SF

      Glendale Industrial Warehouse

      78,301 SF Warehouse - Owner/User
      5855 51St Ave, Glendale, AZ 85301
      View Details
    • $2,635,000
      17,000 SF

      Industrial Buildings Near I-10 & I-17

      Two industrial buildings totaling ±34,000 SF with convenient freeway access.
      5818 W Maryland Ave, Glendale, AZ 85301
      View Details
    • $2,635,000
      17,000 SF

      Industrial Buildings Near Grand Avenue

      Two industrial buildings totaling approximately 34,000 SF for sale.
      5830 W Maryland Ave, Glendale, AZ 85301
      View Details
    • Contact for pricing
      17,392 SF

      Glendale Warehouse/Contractor Facility

      Warehouse/contractor facility in Glendale, Arizona, available for sale.
      5340 W Luke Ave, Glendale, AZ 85301
      View Details
    • $2,550,000
      9,028 SF

      Industrial Property in Glendale, Arizona

      Prime industrial property suitable for light industrial or manufacturing.
      6262 N 57Th Ave, Glendale, AZ 85301
      View Details
    • Contact for pricing
      51,502 SF

      Industrial Building with Heavy Zoning

      51,102 SF industrial building on 5 AC site.
      4932 W Pasadena Ave, Glendale, AZ 85301
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      96,000 SF

      Glendale Warehouse: 96,000 SF

      Multiple Tenant Warehouse Space Available in Glendale, AZ
      5455 51St Ave, Glendale, AZ 85301
      View Details
    • $10 SF/Yr
      103,600 SF

      Glendale Warehouse: 103,600 SF

      Large industrial warehouse space available. Multiple tenants, heavy power.
      5555 51St Ave, Glendale, AZ 85301
      View Details
    • Contact for pricing
      295,586 SF

      Industrial Space Near Loop 202

      Industrial property for rent in Glendale, Arizona, near Loop 202.
      555 N 55Th Ave, Glendale, AZ 85301
      View Details
    • $0.90 SF/Yr
      509 SF

      Glendale Warehouse Space Available

      Industrial warehouse space for lease in Glendale, Arizona.
      5214 W Luke Ave, Glendale, AZ 85301
      View Details
    • Contact for pricing
      1,136 SF

      Glendale Warehouse Space Available

      Industrial warehouse space for lease in Glendale, Arizona.
      5220 W Luke Ave, Glendale, AZ 85301
      View Details
    • $16 SF/Yr
      3,280 SF

      Industrial Building & Yard Sublease

      Industrial building with yard, ideal for contractor use.
      5624 N 54Th Ave, Glendale, AZ 85301
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4932 W Pasadena Ave
    Glendale, AZ 85301
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.