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Property profile & analytics
FOR LEASE
Office buildings
5307 W Missouri Ave Glendale, AZ 85301
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-2296464
For Lease
$3,120,000
5307 W Missouri Ave, Glendale, AZ 85301
View Listing →
Property summary
AI-generated overview
This ±5.17-acre industrial property, located at 5307 W Missouri Ave, Glendale, AZ 85301 (APN: Portion of 144-34-006J, Maricopa County), offers a ±6,600 square foot canopy structure within a fully fenced and secured outdoor storage area. The site is zoned M-2 by the City of Glendale and boasts convenient access, situated just one mile from US-60. The property's total land area encompasses 225,205 square feet. Lease commencement is anticipated for the second quarter of 2025. To enhance the property's functionality, the owner is actively pursuing approval for two additional points of ingress and egress to improve access and efficiency. Furthermore, the owner is prepared to implement improvements prior to lease commencement, including the addition of lighting and re-gravelling of the storage area to meet tenant needs. This presents a unique opportunity for businesses requiring secure outdoor storage with a covered area in a prime Glendale location. The single-tenant property is ideal for various industrial uses.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1969
Construction
STEEL FRAME
Total area
5,347 SF
Lot
11.68 ac (508,787 SF)
Zoning code
M-2
APN
144-34-006J
UPID
US07-2296464
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
-
Beacon Building Products Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.12M
Blend (final)
Blend
$3.12M
Owner & transaction history
Glendale W Missouri LLC · 3 yrs held
Glendale W Missouri LLC
since 2022
5 recorded transactions
Zoning & alternative use
M-2 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.8M
+161.3%
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
RESTAURANT
$4,815,000
Change: +161% · Conversion: Moderate
Blend value · Realmo final
$3.12M
Range $2.81M – $3.43M · ±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
$584 / 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
$55,759
Tax year 2022
Assessed value
$812,643
Assessed 2024
Previous assessed
$740,673
+9.7% YoY
Effective rate
6.86%
On assessed value
Land market value
$2,283,500
Improvement market value
$2,641,610
Total market value
$4,925,110
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1969
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
6
Stories
1
Units
3
Total area
5,347 SF
Lot
11.68 ac (508,787 SF)
Zoning code
M-2
APN
144-34-006J
UPID
US07-2296464
Jurisdiction
MARICOPA
Zoning & alternative use
M-2 · Glendale, AZ
Zoning M-2 · permitted uses
M-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
RESTAURANT
Est. value
$4.8M
RESTAURANT
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
1969
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
6
Units
3
Lot
11.68 ac
Current owner
From public records · entity-resolved
Glendale W Missouri LLC
Entity
Mailing address
5307 W MISSOURI AVE, GLENDALE, AZ 85301-6005
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2025
—
Glendale W Missouri LLC
—
Deed
related
$90,000,000 · Bo Hig Bd Rally Lender LLC
Oct 17, 2022
—
Glendale W Missouri LLC
Rittiman Road LLC
Special Warranty Deed
$69,405,000 · Bank Of America NA
Jun 4, 2019
—
Rittiman Road LLC
—
Grant Deed
related
$5,250,000 · Miscellaneous Ins Co
Jan 30, 2019
$4,290,000
Rittiman Road LLC
Highland Land Co INC
Grant Deed
—
Oct 11, 2012
$131,491
Big Dog Properties LLC
Highland Land Co INC
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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