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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
5059 Olive Ave Glendale, AZ 85302-3524
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-3280414
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1991
Construction
CONCRETE
Total area
1,056 SF
Lot
0.68 ac (29,621 SF)
Zoning code
C-2
APN
148-09-002B
UPID
US07-3280414
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
-
76 Gas Station
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Cubanitas Kitchen Food Truck Restaurant
-
Bitstop Bitcoin ATM Crypto Atm Atm
-
Chevron Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Aja Re LLC · 1 yrs held
Aja Re LLC
since 2025
Last sale
$3.1M
6 recorded transactions
Zoning & alternative use
C-2 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$12,227
Tax year 2023
Assessed value
$111,057
Assessed 2024
Previous assessed
$91,239
+21.7% YoY
Effective rate
11.01%
On assessed value
Land market value
$335,500
Improvement market value
$337,576
Total market value
$673,076
Applied tax rate
400,700.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1991
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Total area
1,056 SF
Lot
0.68 ac (29,621 SF)
Zoning code
C-2
APN
148-09-002B
UPID
US07-3280414
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.
Building & site characteristics
From public records
Year built
1991
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.68 ac
Current owner
From public records · entity-resolved
Aja Re LLC
Entity
Mailing address
8950 W OLYMPIC BLVD STE #372, BEVERLY HILLS, CA 90211-3565
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2025
$3,100,000
Aja Re LLC
Am Diversified Holdings LLC
Special Warranty Deed
$2,015,000 · Western Alliance Bank
Jun 20, 2025
$1,900,000
Am Diversified Holdings LLC
Mrf Investment Fund LLC
Special Warranty Deed
—
May 8, 2015
$745,000
Mrf Investment Fund LLC
Easy Trip LLC
Warranty Deed
—
Jun 3, 2005
$800,000
Easy Trip LLC
Equilon Enterprises LLC
Special Warranty Deed
$671,250 · Bank Of The Southwest
Jul 2, 1998
—
Equilon Enterprises LLC
Texaco Refining & Marketing
Grant Deed
related
—
Jan 11, 1990
$841,803
Texaco Refining
Cardon
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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