Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    5322 59th Ave Glendale, AZ 85301-6753
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5322 59th Ave Glendale, AZ 85301-6753

    View on Map
    • Office buildings
    • 8,430 SF
    • 0.85 lot acres
    Off-Market
    Property ID
    US07-3270122
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,565,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Green Line Enterprises Inc / Trucking Company
    • English Tutor Academy Glendale / Language School
    • Alternative Choices / Trucking Company
    • Escuela de ingles / High School
    • Iglesia Cristiana Jesucristo es la Luz / Church

    Property Details for 5322 59th Ave

    Year built
    1972
    Construction
    CONCRETE
    Lot size
    0.85 lot acres
    Property size
    8,430 SF
    Zone code
    C-2
    Property type
    Office buildings
    APN
    144-28-004Y
    APU
    14428004Y

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,566,000
      Market price range: $1.42M - $4.92M
      AI Estimate
      $1,566,000
      Market price range: $1.42M - $4.92M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,435,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.187
    Latitude
    33.5152
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,051
    $0.00
    $0.00
    $176,666
    -
    $276,800
    $793,900
    $1,070,700

    Comparable in this City

    • Value Estimation by Request
      1,135 SF

      4316 Berridge Ln

      OFFICE BUILDING • 1,135 SF
      4316 Berridge Ln, Glendale, AZ 85301-5457
      View Details
    • Value Estimation
      $3,595,000
      21,324 SF

      5022 54th Ave

      OFFICE BUILDING • 21,324 SF
      5022 54th Ave, Glendale, AZ 85301-7531
      View Details
    • Value Estimation
      $3,950,000
      23,408 SF

      Glendale, AZ 85301

      OFFICE BUILDING • 23,408 SF
      Glendale, AZ 85301
      View Details
    • Value Estimation by Request
      1,564 SF

      7014 55th Ave

      OFFICE BUILDING • 1,564 SF
      7014 55th Ave, Glendale, AZ 85301-2512
      View Details
    • Value Estimation by Request
      1,457 SF

      7115 55th Ave

      OFFICE BUILDING • 1,457 SF
      7115 55th Ave, Glendale, AZ 85301-2501
      View Details
    • Value Estimation
      $1,195,000
      4,735 SF

      5754 Glenn Dr

      OFFICE BUILDING • 4,735 SF
      5754 Glenn Dr, Glendale, AZ 85301-2559
      View Details

    Similar Nearby for Sale

    • $250,000

      Phoenix Investment Opportunity Available

      14,742 SF building with C-O zoning in Phoenix, AZ.
      5924 W Palmaire Ave, Phoenix, AZ 85301
      View Details
    • $1,350,000
      7,340 SF

      Oldtown Glendale Multi-Tenant Opportunity

      Multi-tenant retail investment or owner-user property in Oldtown Glendale.
      5601-5609 W Glendale Ave, Glendale, AZ 85301
      View Details
    • $1,100,000
      0.24 Acres

      Glendale Commercial Property with Yard

      Commercial property in Glendale with secured yard and storage.
      6016 N 57Th Ave, Glendale, AZ 85301
      View Details
    • Contact for pricing
      2,861 SF

      Glendale Contractor Storage Yard

      3.55-acre contractor storage yard with office and shop for sale.
      5732 W Maryland Ave, Glendale, AZ 85301
      View Details
    • $475,000

      Glendale Multifamily Investment Opportunity

      Five-unit multifamily property in Glendale, Arizona, with renovation potential.
      7025 N 66Th Dr, Glendale, AZ 85301
      View Details
    • $21,570,000

      Glendale Multifamily Townhome Community

      60-unit townhome-style multifamily residential development with amenities in Glendale, Arizona.
      7127 N 45Th Ave, Glendale, AZ 85301
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Downtown Glendale Office Space Available

      Class A office space in historic downtown Glendale.
      5800 W Glenn Dr, Glendale, AZ 85301
      View Details
    • Contact for pricing

      Glendale Office Space For Rent

      Office suites available near Glendale Ave and 59th Ave.
      7122 N 59Th Ave, Glendale, AZ 85301
      View Details
    • Contact for pricing
      4,163 SF

      Glendale Office Conversion Opportunity

      Potential office conversion opportunity in Glendale, Arizona.
      5830 W Missouri Ave, Glendale, AZ 85301
      View Details
    • Contact for pricing

      Glendale Avenue Commercial Land Available

      Approximately 0.84 acres of commercial land for lease.
      6305 W Glendale Ave, Glendale, AZ 85301
      View Details
    • $16 SF/Yr

      Retail Suites For Lease

      Retail suites available for lease at W Glendale Ave & 51st Ave.
      4935 W Glendale Ave, Glendale, AZ 85301
      View Details
    • Contact for pricing

      Secured Glendale Industrial Outdoor Storage

      Glendale M-2 zoned, fenced industrial land for lease.
      5307 W Missouri Ave, Glendale, AZ 85301
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5322 59th Ave
    Glendale, AZ 85301-6753
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!