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Property profile & analytics
OFF-MARKET
Estimated value
$8,875,000
Individual retail properties
5536 Bell Rd Glendale, AZ 85308-3866
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US07-1004226
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1997
Construction
CONCRETE
Total area
43,582 SF
Lot
3.72 ac (161,869 SF)
Zoning code
C-2
APN
200-49-010B
UPID
US07-1004226
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
-
Esporta Fitness Gym & Fitness Center
-
Amazon Hub Locker - Rotisserie Postal Service Courier Service
-
MixersNutrition Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.87M
Blend (final)
Blend
$8.88M
Owner & transaction history
Deerwood Acquisitions Washington Ll · 10 yrs held
Deerwood Acquisitions Washington Ll
since 2016
7 recorded transactions
Zoning & alternative use
C-2 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
sidence) Use Standards - see Table 2.200-1 R1-10, R1-8, R1-7, R1-6, & R1-4 (Single Family Residence) Use Standards - see Table 2.300-1 R-2, R-3, R-4, & R-5 (Multi-Family Residence) Use Standards - see Table 2.400-1 C-1, C-2, C-3, & PR (Commercial Development) Use Standards - see Table 2.500-1 R-O, C-O, & G-O (Professional Office) Use Standards - see Table 2.…
Zone name
General Commercial
General category
COMMERCIAL
Zone area
1,606.22 ac
Top alternative use upside
Commercial (general)
$13.4M
+12.5%
Neighborhood: shopping center
$12.6M
+6.1%
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
GYM, HEALTH SPA
$11,870,000
Current use
COMMERCIAL (GENERAL)
$13,360,000
Change: +13% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,595,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$11,580,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$8.88M
Range $7.99M – $9.76M · ±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
$204 / 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
$102,467
Tax year 2023
Assessed value
$1,369,213
Assessed 2024
Previous assessed
$1,136,433
+20.5% YoY
Effective rate
7.48%
On assessed value
Land market value
$2,026,800
Improvement market value
$6,271,460
Total market value
$8,298,260
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1997
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
43,582 SF
Lot
3.72 ac (161,869 SF)
Zoning code
C-2
APN
200-49-010B
UPID
US07-1004226
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Glendale, AZZoning 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
Zoning description
sidence) Use Standards - see Table 2.200-1 R1-10, R1-8, R1-7, R1-6, & R1-4 (Single Family Residence) Use Standards - see Table 2.300-1 R-2, R-3, R-4, & R-5 (Multi-Family Residence) Use Standards - see Table 2.400-1 C-1, C-2, C-3, & PR (Commercial Development) Use Standards - see Table 2.500-1 R-O, C-O, & G-O (Professional Office) Use Standards - see Table 2.600-1 B-P, M-1, M-2 (Business and Industrial) Use Standards - see Table 2.700-1 Wha
Zone name
General Commercial
General category
COMMERCIAL
Zone area
1,606.22 ac
Alternative use value scenarios
Repositioning upside vs current use
GYM, HEALTH SPA Current
Est. value
$11.9M
COMMERCIAL (GENERAL)
Est. value
$13.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.6M
RETAIL STORES
Est. value
$11.6M
GYM, HEALTH SPA Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1997
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
3.72 ac
Current owner
From public records · entity-resolved
Deerwood Acquisitions Washington Ll
Individual
Mailing address
3720 S SUSAN ST STE #100, SANTA ANA, CA 92704-6957
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
Jul 25, 2016
$12,500,000
Deerwood Acquisitions Washington Ll
Bla & La LLC
Special Warranty Deed
$8,000,000 · Morgan Stanley Private Bank NA
Jul 15, 2016
—
Bla & La LLC
—
Deed
related
$1,000,000 · Management Svc INC Ps/tr (ct)
Mar 7, 2011
—
Bla & La LLC
B & S
Grant Deed
related
—
Jul 18, 2005
—
B Ptshp
—
Deed Of Trust
related
$2,000,000 · La Jolla Bank
Apr 20, 2004
—
Heights Properties LLP
First American Title Ins Ttee
Grant Deed
$854,000 · National Bank Arizona
Oct 9, 1998
—
Heights Properties
First American Title Co Ttee
Trustees Deed
$885,000 · At&t Commercial Finance Corp
Oct 15, 1996
$5,076,337
B & S Partnership
Chamberlain L L C
Grant Deed
$3,500,000 · Seller
—
—
Bla & La LLC
—
Deed Of Trust
related
$6,100,000 · Pacific Premier Bank
—
—
Bla & La LLC
—
Deed Of Trust
related
$1,000,000 · Management Svc INC Ps/tr (ct)
—
—
B Ptshp
—
Deed Of Trust
related
$3,000,000 · Alliance Bank Of Arizona
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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