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Property profile & analytics
OFF-MARKET
Estimated value
$1,565,000
Strip malls
5506 43rd Ave Glendale, AZ 85301-6405
Entity Owned
10-yr Hold
Free & Clear
Property ID
US07-0989357
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1977
Construction
CONCRETE
Total area
3,816 SF
Lot
0.51 ac (22,216 SF)
Zoning code
C-2
APN
145-07-003E
UPID
US07-0989357
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
-
The Queens Mexican Food Restaurant
-
Miracle Cut Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.64M
Blend (final)
Blend
$1.57M
Owner & transaction history
Plaza 43rd Avenue LLC · 10 yrs held
Plaza 43rd Avenue LLC
since 2016
7 recorded transactions
Zoning & alternative use
C-2 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.3M
+19.2%
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
NEIGHBORHOOD: SHOPPING CENTER
$1,105,000
Current use
OFFICE BUILDING
$1,315,000
Change: +19% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,025,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$1.57M
Range $1.41M – $1.72M · ±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
$410 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$16,747
Tax year 2022
Assessed value
$199,601
Assessed 2024
Previous assessed
$173,332
+15.2% YoY
Effective rate
8.39%
On assessed value
Land market value
$228,600
Improvement market value
$981,100
Total market value
$1,209,700
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1977
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
1
Units
3
Total area
3,816 SF
Lot
0.51 ac (22,216 SF)
Zoning code
C-2
APN
145-07-003E
UPID
US07-0989357
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
$1.1M
OFFICE BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
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
1977
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
0.51 ac
Current owner
From public records · entity-resolved
Plaza 43rd Avenue LLC
Entity
Free & Clear · 10 yrs held
Mailing address
405 E BROADWAY RD, MESA, AZ 85204-2019
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2020
—
Plaza 43rd Avenue LLC
—
Deed
related
$343,848 · First Bank
Jan 8, 2016
—
Plaza 43rd Avenue LLC
Nona,basil
Grant Deed
—
Dec 22, 2015
$660,000
Basil Nona
William J Clooten
Special Warranty Deed
$400,000 · Wells Fargo Bank NA
Apr 12, 2004
$950,000
Kwang O Clooten
Truong,rick & Minh
Grant Deed
$200,000 · Rick & Minh Truong
Mar 6, 2003
$765,000
Rick Thuong
Desert Plaza LLC
Grant Deed
$600,000 · Gregory M Sir
Jun 15, 1995
$337,500
Plaza L L C Desert
Harry A & Evelyn L Zager
Grant Deed
$253,125 · Seller
Jun 28, 1993
—
Chai,llc
Zager Trust
Grant Deed
related
—
Mar 24, 1993
—
Lehman,norton J
Ted Jones Constr
Trustees Deed
related
—
Mar 16, 1993
—
Harry,a & Evelyn L Zager Trust
Financial Corpor
Grant Deed
related
—
—
—
Harry A Zager
—
Deed Of Trust
related
—
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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