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Property profile & analytics
OFF-MARKET
Estimated value
$1,480,000
Strip malls
5140 Peoria Ave Glendale, AZ 85302-1630
Entity Owned
13-yr Hold
Free & Clear
Property ID
US07-1518165
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Construction
CONCRETE
Total area
7,150 SF
Lot
1.64 ac (71,325 SF)
Zoning code
C-2
APN
148-26-168B
UPID
US07-1518165
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
-
Metz Tax Services Tax Preparation
-
Steadfast Tattoo Company Tattoo & Piercing Shop
-
Ready Player 1 Games Arcade & Gaming Center (Bike/Boat/Book/etc) Store
-
Dr. Amy Czyz Physician
-
METROGROW Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$1.48M
Owner & transaction history
Glendale Sq Holdings INC Ho · 13 yrs held
Glendale Sq Holdings INC Ho
since 2012
7 recorded transactions
Zoning & alternative use
C-2 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.3M
+10.8%
Commercial (general)
$2.2M
+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
$2,065,000
Current use
OFFICE BUILDING
$2,290,000
Change: +11% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,190,000
Change: +6% · Conversion: Easy
RETAIL STORES
$1,900,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$1.48M
Range $1.33M – $1.63M · ±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
$207 / 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
$16,426
Tax year 2023
Assessed value
$188,480
Assessed 2024
Previous assessed
$162,333
+16.1% YoY
Effective rate
8.71%
On assessed value
Land market value
$273,400
Improvement market value
$868,900
Total market value
$1,142,300
Applied tax rate
110,700.0000
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
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
7,150 SF
Lot
1.64 ac (71,325 SF)
Zoning code
C-2
APN
148-26-168B
UPID
US07-1518165
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
$2.1M
OFFICE BUILDING
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.2M
RETAIL STORES
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
1.64 ac
Current owner
From public records · entity-resolved
Glendale Sq Holdings INC Ho
Entity
Free & Clear · 13 yrs held
Mailing address
6823 43RD CALGARY AVE NE XX
Ownership since
2012
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
Apr 19, 2022
—
Glendale Square Holdings INC
—
Deed
related
$2,125,000 · Parkway Bank & Trust Co
Dec 28, 2012
$2,200,000
Glendale Sq Holdings INC Ho
5140-5190 West Peoria Aven
Grant Deed
—
Apr 30, 2010
$3,820,000
West Peoria Avenue H 5140-5190
Morris Kevin J
Trustees Deed
—
Nov 9, 2004
—
Beep-c LLC
Jtd Investment
Quit Claim Deed
related
—
May 24, 1999
—
Egan,james M & Cama L
Prime Automotive Service LLC
Trustees Deed
related
—
Aug 31, 1998
$175,000
Prime Automotive Ser LLC
Old Vine Ltd
Grant Deed
—
Jun 11, 1998
$2,400,000
Glendale Square Investors LLC
Glendale-old Vine LP
Grant Deed
related
—
Dec 11, 1996
$721,035
Arizcol Associates L P
Old Vine Corp
Grant Deed
—
Apr 30, 1996
$1,150,000
Old Vine Corp
Gudig Abfall INC
Grant Deed
$1,880,000 · Weyerhaeuser Financial Investm
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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