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Property profile & analytics
OFF-MARKET
Estimated value
$1,545,000
Office buildings
5540 55th Dr Glendale, AZ 85301
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-1571793
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1972
Construction
CONCRETE
Total area
5,200 SF
Lot
0.16 ac (7,000 SF)
Zoning code
C-2
APN
147-25-102
UPID
US07-1571793
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.31M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.55M
Owner & transaction history
Laan Capital LLC · 3 yrs held
Laan Capital LLC
since 2022
Last sale
$2.0M
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,420,000
6.5%
$1,310,000
7%
$1,215,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,790,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,505,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.55M
Range $1.39M – $1.70M · ±10% · vs last sale $1.99M (Aug 26 2022)
Last sale anchor
$1.99M
Aug 26 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
$297 / 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
$3,062
Tax year 2023
Assessed value
$61,215
Assessed 2024
Previous assessed
$59,653
+2.6% YoY
Effective rate
5.00%
On assessed value
Land market value
$75,700
Improvement market value
$295,300
Total market value
$371,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1972
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
2
Total area
5,200 SF
Lot
0.16 ac (7,000 SF)
Zoning code
C-2
APN
147-25-102
UPID
US07-1571793
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
OFFICE BUILDING Current
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
OFFICE BUILDING Current
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
1972
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Laan Capital LLC
Entity
Mailing address
5540 N 50TH DR, GLENDALE, AZ 85303
Ownership since
2022
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
Aug 26, 2022
$1,985,000
Laan Capital LLC
Faec Olva Investments LLC
Warranty Deed
$1,700,000 · Grand Funding LLC
Nov 6, 2019
—
Olva Investments LLC
—
Deed
related
$700,000 · Stronghill Capital LLC
Apr 6, 2018
—
Olva Investments LLC
—
Deed
related
$540,000 · Capital Fund
Jun 1, 2015
$575,000
Olva Investments LLC
Wtwm LLC
Special Warranty Deed
$402,500 · Capital Fund I LLC
Jan 7, 2009
—
Wtwm LLC
—
Trustees Deed
related
$878,000 · First Bank Of Arizona
Oct 11, 2006
$1,730,000
Wtwm LLC
Karta Investments LLC
Grant Deed
$540,000 · Investment Property Exchange
Jul 1, 2004
$800,000
Karta Investments LLC
Area Enterprises Ltd
Grant Deed
$515,000 · Area Enterprises Ltd
—
—
Olva Investments LLC
—
Deed Of Trust
related
$700,000 · Stronghill Capital LLC
—
—
Wtwm LLC
—
Deed Of Trust
related
$570,369 · First Bank Of Arizona
—
—
Olva Investments LLC
—
Deed Of Trust
related
$540,000 · Capital Fund
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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