Property profile

5021 55th Ave Glendale, AZ 85301

OFF-MARKET
Flex space
Property ID
US07-0025831
21,048 SF 1.3 ac lot Built 1988
Entity Owned 12-yr Hold Free & Clear
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Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1988
Construction CONCRETE
Total area 21,048 SF
Lot 1.3 ac (56,412 SF)
Zoning code M-1
APN 144-34-021
UPID US07-0025831

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Auto Repair Shop
  • Church Mosque
  • Church
  • Church

Location

5021 55th Ave Glendale, AZ 85301-7535
Glendale metro Census 93104 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.40M
Blend (final) Blend
$3.40M

Owner & transaction history

since 2013
7 recorded transactions
2017
Price N/A
2013
$4.4M
2004
$898,026
2004
$610,320
2003
$1.5M
1993
$580,000
1969
Price N/A

Zoning & alternative use

M-1 · Glendale, AZ
Zoning description

or area of any accessory building or structure shall not exceed 50% of the building footprint of the principal building. Exception. This provision shall not apply to the following zoning districts: A-1, RR-45, C-3, B-P,…

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $5.7M +81.4%
Medical building $4.8M +54.7%
Auto repair, garage $4.1M +31.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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