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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Auto shops
5324 Luke Ave Glendale, AZ 85301-6039
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US07-0406847
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1973
Construction
CONCRETE
Total area
2,940 SF
Lot
0.67 ac (29,000 SF)
Zoning code
I-2
APN
144-35-018
UPID
US07-0406847
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$638k
Blend (final)
Blend
$605k
Owner & transaction history
Douglas Stecker · 8 yrs held
Douglas Stecker
since 2018
7 recorded transactions
Zoning & alternative use
I-2 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$850,000
+48.3%
Commercial (general)
$790,000
+38.0%
Medical building
$675,000
+17.7%
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
AUTO REPAIR, GARAGE
$575,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$850,000
Change: +48% · Conversion: Difficult
COMMERCIAL (GENERAL)
$790,000
Change: +38% · Conversion: Moderate
MEDICAL BUILDING
$675,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$565,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$206 / 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
$5,223
Tax year 2023
Assessed value
$66,997
Assessed 2024
Previous assessed
$55,930
+19.8% YoY
Effective rate
7.80%
On assessed value
Land market value
$266,200
Improvement market value
$139,841
Total market value
$406,041
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1973
Construction
CONCRETE
Heating
NONE
Cooling
EVAPORATIVE
Stories
1
Total area
2,940 SF
Lot
0.67 ac (29,000 SF)
Zoning code
I-2
APN
144-35-018
UPID
US07-0406847
Jurisdiction
MARICOPA
Zoning & alternative use
I-2 · Glendale, AZ
Zoning I-2 · permitted uses
I-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
AUTO REPAIR, GARAGE Current
Est. value
$575,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$850,000
COMMERCIAL (GENERAL)
Est. value
$790,000
MEDICAL BUILDING
Est. value
$675,000
RETAIL STORES
Est. value
$565,000
AUTO REPAIR, GARAGE Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1973
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Douglas Stecker
Individual
Mailing address
5324 W LUKE AVE, GLENDALE, AZ 85301-6039
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2018
$350,000
Douglas Stecker
Compound Holdings LLC
Grant Deed
$280,000 · Bank Of America
Jun 29, 2018
—
Douglas Stecker
Stecker,heidi
Quit Claim Deed
related
—
Nov 3, 2015
—
Compound Holdings LLC
Chief Deputy Treasurer|stecker Brothers Family Pts
Tax Deed
related
—
Apr 9, 2002
—
Stecker Brothers Holding INC
Scp Construction INC
Grant Deed
related
—
Sep 22, 1999
$124,200
Scp Construction INC
Altamirano,robert C & Juanita A
Grant Deed
—
—
—
Stecker Brothers Holdings INC
—
Deed Of Trust
related
$2,000,000 · Nh Profit Invs IV LLC
—
—
Stecker Brothers Holdings INC
—
Deed Of Trust
related
$2,000,000 · Nh Profit Invs IV LLC
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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