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Property profile & analytics
FOR LEASE
Grocery and convenience stores
5350 W Bell Rd Glendale, AZ 85308
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-3475092
For Lease
1 / 2
$12,040,000
5350 W Bell Rd, Glendale, AZ 85308
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2004
Construction
CONCRETE
Total area
27,903 SF
Lot
6.2 ac (270,189 SF)
Zoning code
CSC
APN
200-49-802D
UPID
US07-3475092
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
-
Renting Arizona Real Estate Services Real Estate Agency
-
The UPS Store Courier Service Postal Service
-
Xpress Air HVAC Service General Contractor
-
Desert Comfort Mechanical HVAC Service General Contractor
-
The Spot Neighborhood Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.04M
Blend (final)
Blend
$12.04M
Owner & transaction history
Corridor Living LLC · 4 yrs held
Corridor Living LLC
since 2021
7 recorded transactions
Zoning & alternative use
CSC · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$12.2M
+64.8%
Commercial (general)
$8.6M
+15.4%
Neighborhood: shopping center
$8.1M
+8.7%
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
RETAIL STORES
$7,415,000
Current use
AUTO REPAIR, GARAGE
$12,225,000
Change: +65% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,555,000
Change: +15% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$8,065,000
Change: +9% · Conversion: Moderate
Blend value · Realmo final
$12.04M
Range $10.84M – $13.24M · ±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
$431 / 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
$122,759
Tax year 2023
Assessed value
$1,317,707
Assessed 2024
Previous assessed
$1,317,707
+0.0% YoY
Effective rate
9.32%
On assessed value
Land market value
$2,992,700
Improvement market value
$4,993,400
Total market value
$7,986,100
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
1
Units
3
Total area
27,903 SF
Lot
6.2 ac (270,189 SF)
Zoning code
CSC
APN
200-49-802D
UPID
US07-3475092
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$7.4M
AUTO REPAIR, GARAGE
Est. value
$12.2M
COMMERCIAL (GENERAL)
Est. value
$8.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.1M
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
6.2 ac
Current owner
From public records · entity-resolved
Corridor Living LLC
Entity
Mailing address
200 S BISCAYNE BLVD STE #3550, MIAMI, FL 33131-2379
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
Feb 4, 2025
—
Meohi LLC
—
Deed
related
$2,602,000 · The Mortgage Capital Development Corp
Apr 20, 2022
—
Corridor Living LLC
—
Deed
related
$1,764,183 · Firstbank
Dec 30, 2021
$3,150,000
Corridor Living LLC
Mclean Holdings LLC
Warranty Deed
$1,764,183 · Firstbank
Aug 31, 2021
—
Rs Sgcms2016 C5 Az Dga LLC
Desert Glen 06 A LLC
Intrafamily Transfer
related
—
Feb 19, 2008
—
Desert Glen 06 A LLC
Desert Glen 06 B LLC
Quit Claim Deed
—
Sep 6, 2006
$13,167,814
Desert Glen 06 A LLC
Nec 55th & Bell Investors LLC
Grant Deed
—
Feb 3, 2006
$12,000,000
Nec 55th & Bell Investors LLC
Acp Dgsc Investors LLC
Special Warranty Deed
$9,400,000 · Merrill Lynch Mortgage Lending INC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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