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Property profile & analytics
OFF-MARKET
Strip malls
5340 Bell Rd Glendale, AZ 85308
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-1715622
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Construction
CONCRETE
Total area
8,400 SF
Lot
1.14 ac (49,739 SF)
Zoning code
CSC
APN
200-49-802E
UPID
US07-1715622
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Corridor Living LLC · 4 yrs held
Corridor Living LLC
since 2021
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
CSC · 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
$22,391
Tax year 2023
Assessed value
$250,371
Assessed 2024
Previous assessed
$250,371
+0.0% YoY
Effective rate
8.94%
On assessed value
Land market value
$550,900
Improvement market value
$966,500
Total market value
$1,517,400
Applied tax rate
970,700.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
8,400 SF
Lot
1.14 ac (49,739 SF)
Zoning code
CSC
APN
200-49-802E
UPID
US07-1715622
Jurisdiction
MARICOPA
Zoning & alternative use
CSC · Glendale, AZ
Zoning CSC · permitted uses
CSC · 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
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.14 ac
Current owner
From public records · entity-resolved
Corridor Living LLC
Entity
Mailing address
198 W MARIPOSA ST STE #7, PHOENIX, AZ 85013-2549
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Dec 30, 2021
$3,150,000
Corridor Living LLC
Mclean Holdings LLC
Warranty Deed
$1,764,183 · Firstbank
Oct 17, 2016
—
Mclean Holdings LLC
—
Deed
related
$1,325,000 · Firstbank
Nov 30, 2012
$1,765,000
Mclean Holdings LLC
De Rito Opportunity Fund I LP
Special Warranty Deed
$1,176,685 · Firstbank
Jul 1, 2011
$1,047,132
Opportunity Fund I LP De Rito
Dp89 LLC
Grant Deed
—
Aug 18, 2010
$985,000
Dp89 LLC
Grubb & Ellis Mgmt Svcs INC
Grant Deed
—
Apr 12, 2007
—
Dgsc Shops D Investors LLC
Acp Dgsc Investors LLC
Quit Claim Deed
related
$2,680,000 · Goldman Sachs Comm'l Mtg Cap
—
—
Mclean Holdings LLC
—
Deed Of Trust
related
$1,325,000 · Firstbank
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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