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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Strip malls
5409 Glendale Ave Glendale, AZ 85301-2621
Individually Owned
Free & Clear
Property ID
US07-0270085
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1959
Construction
CONCRETE
Total area
3,500 SF
Lot
0.14 ac (6,160 SF)
Zoning code
C-2
APN
146-05-033A
UPID
US07-0270085
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
-
Sip-N-Scoop Grocery & Convenience Store Specialty Food Shop
-
Barber & Beauty Styling Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$720k
Comparable Approach
Comparable
$427k
Blend (final)
Blend
$635k
Owner & transaction history
Chen Lily
Chen Lily
since 2026
Last sale
$625,000
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
$570,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$780,000
6.5%
$720,000
7%
$670,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,010,000
Current use
COMMERCIAL (GENERAL)
$940,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $625k (Nov 14 2022)
Last sale anchor
$625k
Nov 14 2022
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
$181 / 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
$3,105
Tax year 2023
Assessed value
$46,368
Assessed 2024
Previous assessed
$40,545
+14.4% YoY
Effective rate
6.70%
On assessed value
Land market value
$94,200
Improvement market value
$186,815
Total market value
$281,015
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1959
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Units
13
Total area
3,500 SF
Lot
0.14 ac (6,160 SF)
Zoning code
C-2
APN
146-05-033A
UPID
US07-0270085
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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$940,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
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
1959
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
13
Lot
0.14 ac
Current owner
From public records · entity-resolved
Chen Lily
Individual
Free & Clear · 0 yrs held
Mailing address
524 S ROSEMEAD BLVD, PASADENA, CA 91107-4937
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2026
—
Chen Lily
Chen Lily
Deed
related
—
Apr 8, 2026
—
Chen Lily
Chen Lily
Special Warranty Deed
related
—
Nov 14, 2022
$625,000
William B Kinney
Av Capital LLC
Special Warranty Deed
—
May 29, 2020
—
Av Capitla LLC
Oanh Truong
Special Warranty Deed
$142,500 · Metro Phoenix Bank
May 30, 2017
$445,000
Oanh Truong
I & M Brothers LLC
Warranty Deed
$145,000
Aug 30, 2002
$120,000
I & M Brothers LLC
Zimmerman,sylvia
Grant Deed
—
Jun 14, 1994
—
City Of Glendale
Zimmerman
Grant Deed
related
—
Apr 16, 1993
$50,000
Sylvia Zimmerman
Wong Trust
Grant Deed
$46,000 · Seller Carry Back
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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