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Property profile & analytics
OFF-MARKET
Estimated value
$11,495,000
Flex space
5455 51st Ave Glendale, AZ 85301-7017
Entity Owned
4-yr Hold
Free & Clear
Property ID
US07-1409289
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1974
Construction
CONCRETE
Total area
96,000 SF
Lot
4.63 ac (201,726 SF)
Zoning code
M-2
APN
145-28-011W
UPID
US07-1409289
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
-
Sissoko Tribal Arts African Goods Store
-
Detailing Car Wash
-
Western Colloid - Phoenix Roofing Company General Contractor
-
C C Pollen (Bike/Boat/Book/etc) Store Pharmacy
-
AA Hotshot and Logistics Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.63M
Comparable Approach
Comparable
$13.49M
Blend (final)
Blend
$11.50M
Owner & transaction history
Pegasus West Valley North Owner LLC · 4 yrs held
Pegasus West Valley North Owner LLC
since 2021
Last sale
$10.3M
3 recorded transactions
Zoning & alternative use
M-2 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$18.7M
+31.5%
Retail stores
$18.4M
+29.3%
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
$9,835,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,595,000
6.5%
$11,625,000
7%
$10,795,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$14,230,000
Current use
AUTO REPAIR, GARAGE
$18,705,000
Change: +31% · Conversion: Easy
RETAIL STORES
$18,390,000
Change: +29% · Conversion: Moderate
Blend value · Realmo final
$11.50M
Range $10.35M – $12.64M · ±10% · vs last sale $10.26M (Oct 15 2021)
Last sale anchor
$10.26M
Oct 15 2021
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
$120 / 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
$68,331
Tax year 2023
Assessed value
$1,513,100
Assessed 2024
Previous assessed
$1,164,942
+29.9% YoY
Effective rate
4.52%
On assessed value
Land market value
$1,290,000
Improvement market value
$7,880,300
Total market value
$9,170,300
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1974
Construction
CONCRETE
Heating
NONE
Cooling
EVAPORATIVE
Stories
1
Total area
96,000 SF
Lot
4.63 ac (201,726 SF)
Zoning code
M-2
APN
145-28-011W
UPID
US07-1409289
Jurisdiction
MARICOPA
Zoning & alternative use
M-2 · Glendale, AZ
Zoning M-2 · permitted uses
M-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
INDUSTRIAL (GENERAL) Current
Est. value
$14.2M
AUTO REPAIR, GARAGE
Est. value
$18.7M
RETAIL STORES
Est. value
$18.4M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
1974
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
4.63 ac
Current owner
From public records · entity-resolved
Pegasus West Valley North Owner LLC
Entity
Free & Clear · 4 yrs held
Mailing address
8888 E RAINTREE DR STE #155, SCOTTSDALE, AZ 85260-3952
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2021
$10,263,000
Pegasus West Valley North Owner LLC
Presson Equity Partners LLP
Special Warranty Deed
—
Sep 1, 1994
$1,200,000
Equity Partners Presson
Tulpho Commercial Assoc
Grant Deed
related
$945,000 · General American Life Insuranc
—
—
Presson Equity Partners LLP
—
Deed Of Trust
related
$1,920,000 · Bell Bk
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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