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Property profile & analytics
OFF-MARKET
Estimated value
$1,695,000
Flex space
5037 54th Ave, Glendale, AZ 85301-7536
Entity Owned
12-yr Hold
Free & Clear
Property ID
US07-1294616
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1986
Construction
CONCRETE
Total area
7,980 SF
Lot
1.07 ac (46,424 SF)
Zoning code
M-1
APN
144-34-013A
UPID
US07-1294616
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
-
Metal Art Deco Factory Production Facility
-
Fabricated Welds & CNC Metal Fabrication Plant Factory
-
Sigma Iron Works LLC Building Supply
-
Craftsman Electric Electrical Service General Contractor
-
Knar Heating & Cooling HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.69M
Blend (final)
Blend
$1.70M
Owner & transaction history
Presson Orange LLC · 12 yrs held
Presson Orange LLC
since 2013
7 recorded transactions
Zoning & alternative use
M-1 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.8M
+132.4%
Neighborhood: shopping center
$2.3M
+94.9%
Commercial (general)
$2.1M
+81.4%
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
INDUSTRIAL (GENERAL)
$1,185,000
Current use
OFFICE BUILDING
$2,750,000
Change: +132% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,305,000
Change: +95% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,145,000
Change: +81% · Conversion: Difficult
MEDICAL BUILDING
$1,830,000
Change: +55% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,555,000
Change: +31% · Conversion: Easy
RETAIL STORES
$1,530,000
Change: +29% · Conversion: Moderate
Blend value · Realmo final
$1.70M
Range $1.53M – $1.86M · ±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
$212 / 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
$13,018
Tax year 2023
Assessed value
$291,522
Assessed 2024
Previous assessed
$224,315
+30.0% YoY
Effective rate
4.47%
On assessed value
Land market value
$345,200
Improvement market value
$1,421,600
Total market value
$1,766,800
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
1986
Construction
CONCRETE
Heating
NONE
Cooling
EVAPORATIVE
Buildings
2
Stories
1
Units
2
Total area
7,980 SF
Lot
1.07 ac (46,424 SF)
Zoning code
M-1
APN
144-34-013A
UPID
US07-1294616
Jurisdiction
MARICOPA
Zoning & alternative use
M-1 · Glendale, AZ
Zoning M-1 · permitted uses
M-1 · 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
$1.2M
OFFICE BUILDING
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.6M
RETAIL STORES
Est. value
$1.5M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1986
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
1.07 ac
Current owner
From public records · entity-resolved
Presson Orange LLC
Entity
Free & Clear · 12 yrs held
Mailing address
2122 E HIGHLAND AVE STE #400, PHOENIX, AZ 85016-4752
Ownership since
2013
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
May 24, 2017
—
Presson Orange LLC
—
Grant Deed
related
$6,430,000 · Miscellaneous Ins Co
Dec 4, 2013
$4,400,100
Presson Orange LLC
Zimmerman III LLC
Grant Deed
—
Nov 15, 2004
$898,026
Zimmerman V LLC
Helvetia 1 INC
Grant Deed
—
Jul 2, 2004
$610,320
Zimmerman V LLC
Helvetia 1 INC
Grant Deed
—
Dec 18, 2003
$1,508,350
Helevetia 1 INC
Presson Equity Partners LLP
Grant Deed
$1,508,350 · Gary A Zimmerman
Jul 29, 1993
$580,000
Equity Partners Presson
Midland Mutual L
Grant Deed
related
$435,000 · Seller Carry Back
—
—
Zimmerman Properties INC
—
Loan Modification
related
$3,180,600 · Great-west Life & Annuity Ins
—
—
Presson Orange LLC
—
Loan Modification
related
$619,400 · Great-west Life & Annuity Ins
—
—
Presson Orange LLC
—
Deed Of Trust
related
$6,900,000 · Us Bk
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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