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Property profile & analytics
OFF-MARKET
Estimated value
$1,500,000
Strip malls
5044 Peoria Ave, Glendale, AZ 85302-1707
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US07-3231195
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1979
Construction
CONCRETE
Total area
3,400 SF
Lot
0.91 ac (39,629 SF)
Zoning code
C-2
APN
148-04-007K
UPID
US07-3231195
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
-
GET LIT® Electrical & Lighting Services LLC Electrical Service General Contractor
-
Cash for Cars Car Dealership
-
Tacos Tijuana Restaurant
-
Usa Spa Bodywork Alternative Medicine Practice Spa & Massage Center
-
Mint Media Productions LLC. Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$1.50M
Owner & transaction history
Ridgepoint Plaza Phase Two LLC · 10 yrs held
Ridgepoint Plaza Phase Two LLC
since 2016
7 recorded transactions
Zoning & alternative use
C-2 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+51.6%
Office building
$1.1M
+10.8%
Commercial (general)
$1.0M
+6.1%
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
NEIGHBORHOOD: SHOPPING CENTER
$980,000
Current use
AUTO REPAIR, GARAGE
$1,490,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$1,090,000
Change: +11% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,040,000
Change: +6% · Conversion: Easy
RETAIL STORES
$905,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$1.50M
Range $1.35M – $1.65M · ±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
$441 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$20,051
Tax year 2022
Assessed value
$224,530
Assessed 2024
Previous assessed
$163,149
+37.6% YoY
Effective rate
8.93%
On assessed value
Land market value
$423,400
Improvement market value
$937,387
Total market value
$1,360,787
Applied tax rate
60,700.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1979
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
3,400 SF
Lot
0.91 ac (39,629 SF)
Zoning code
C-2
APN
148-04-007K
UPID
US07-3231195
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Glendale, AZ
Zoning C-2 · permitted uses
C-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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$980,000
AUTO REPAIR, GARAGE
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
RETAIL STORES
Est. value
$905,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1979
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.91 ac
Current owner
From public records · entity-resolved
Ridgepoint Plaza Phase Two LLC
Entity
Mailing address
11412 KOKOPELI PL, CHATSWORTH, CA 91311-8614
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2016
—
Ridgepoint Plaza Phase Two LLC
Witwit,baha & Hana
Warranty Deed
—
Jun 26, 2008
$940,000
Baha Witwit
Mantle Trust
Grant Deed
—
Feb 2, 2007
—
City Of Glendale
Mantle Trust
Warranty Deed
related
—
Dec 8, 1999
—
Mantle Trust
Mantle,robert & Sally A
Quit Claim Deed
related
—
Jun 30, 1998
$580,000
Lawrence R Mantle
Carefree Commercial LLC
Grant Deed
$435,000 · Bcl Trust
Aug 27, 1996
—
Commercial L L C Carefree
Carefree Enterprises
Quit Claim Deed
related
—
Jun 25, 1993
—
Mary,j Maclean Trust
Maclean Estate
Quit Claim Deed
related
—
Mar 29, 1993
—
Jvl Investment Company
Lee
Grant Deed
related
—
Mar 8, 1993
—
Northern Trust Bank Of Arizona T
Van Ham
Grant Deed
related
—
Jan 13, 1993
—
Eng,trust
Eng
Quit Claim Deed
related
—
Dec 30, 1992
—
Crl,trust
Lee
Grant Deed
related
—
Aug 6, 1992
—
Hong Family Trust
Hong
Quit Claim Deed
related
—
—
—
Mantle Trust
—
Deed Of Trust
related
$400,000 · La Jolla Savings Bank
—
—
Mantle Trust
—
Deed Of Trust
related
$375,000 · Cactus Commerce Bank
—
—
Mantle Trust
—
Deed Of Trust
related
$100,000 · Cactus Commerce Bank
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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