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Property profile & analytics
OFF-MARKET
Estimated value
$4,285,000
Grocery and convenience stores
5340 Glendale Ave Glendale, AZ 85301-2620
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US07-0413509
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1965
Construction
CONCRETE
Total area
39,200 SF
Lot
2.6 ac (113,133 SF)
Zoning code
C-2
APN
147-17-063A
UPID
US07-0413509
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
-
99 Cents Only Stores Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.29M
Blend (final)
Blend
$4.29M
Owner & transaction history
Glendale Central Plaza LLC · 16 yrs held
Glendale Central Plaza LLC
since 2010
7 recorded transactions
Zoning & alternative use
C-2 · 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
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
Blend value · Realmo final
$4.29M
Range $3.86M – $4.71M · ±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
$109 / 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
$40,134
Tax year 2023
Assessed value
$465,187
Assessed 2024
Previous assessed
$433,126
+7.4% YoY
Effective rate
8.63%
On assessed value
Land market value
$966,800
Improvement market value
$1,852,513
Total market value
$2,819,313
Applied tax rate
400,700.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1965
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Units
5
Total area
39,200 SF
Lot
2.6 ac (113,133 SF)
Zoning code
C-2
APN
147-17-063A
UPID
US07-0413509
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.
Building & site characteristics
From public records
Year built
1965
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
5
Lot
2.6 ac
Current owner
From public records · entity-resolved
Glendale Central Plaza LLC
Entity
Mailing address
10551 WILSHIRE BLVD APT #805, LOS ANGELES, CA 90024-4571
Ownership since
2010
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
Feb 22, 2010
—
Glendale Central Plaza LLC
Gidanian,mitra
Quit Claim Deed
related
—
Nov 25, 2009
$2,400,000
Mitra Gidanian
Glendale Central Center LLC
Grant Deed
—
Dec 8, 2000
$1,000,000
Glendale Central Center LLC
Safeway INC
Grant Deed
$667,000 · Safeway INC
Nov 28, 2000
—
Mrdj Partnership
Millstein Trust
Quit Claim Deed
related
—
Nov 28, 2000
$350,000
Safeway INC
Mrdj Associates
Trustees Deed
—
Jul 20, 1999
—
Ruth Fields Estate
Ohara,cathye R
Grant Deed
related
—
Aug 22, 1994
—
City Of Glendale
Millstein
Grant Deed
related
—
—
—
Glendale Central Center LLC
—
Deed Of Trust
related
$1,200,000 · Wells Fargo Bank
—
—
Glendale Central Center LLC
—
Deed Of Trust
related
$1,100,000 · Sonoma National Bank
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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