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Property profile & analytics
FOR SALE
Grocery and convenience stores
5665 W Bell Rd Glendale, AZ 85308
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-0342238
For Sale
1 / 3
$11,990,000
5665 W Bell Rd, Glendale, AZ 85308
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1994
Construction
STEEL FRAME
Total area
30,704 SF
Lot
5.68 ac (247,267 SF)
Zoning code
PAD
APN
200-50-204
UPID
US07-0342238
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
-
Stratosphere Adventure Park Tour Operator Campground & RV Park
-
The Pickleball Space Gym & Fitness Center Sports Field & Court
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.25M
Blend (final)
Blend
$11.99M
Owner & transaction history
Phoenix Venture 1 LLC · 6 yrs held
Phoenix Venture 1 LLC
since 2020
Last sale
$10.7M
7 recorded transactions
Zoning & alternative use
PAD · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$13.5M
+64.8%
Commercial (general)
$9.4M
+15.4%
Neighborhood: shopping center
$8.9M
+8.7%
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
RETAIL STORES
$8,160,000
Current use
AUTO REPAIR, GARAGE
$13,450,000
Change: +65% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,410,000
Change: +15% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$8,870,000
Change: +9% · Conversion: Moderate
Blend value · Realmo final
$11.99M
Range $10.79M – $13.19M · ±10% · vs last sale $10.73M (Mar 30 2020)
Last sale anchor
$10.73M
Mar 30 2020
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
$391 / 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
$134,755
Tax year 2023
Assessed value
$1,643,954
Assessed 2024
Previous assessed
$1,350,565
+21.7% YoY
Effective rate
8.20%
On assessed value
Land market value
$3,476,900
Improvement market value
$6,486,460
Total market value
$9,963,360
Applied tax rate
110,700.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Sale
Year built
1994
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
30,704 SF
Lot
5.68 ac (247,267 SF)
Zoning code
PAD
APN
200-50-204
UPID
US07-0342238
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Glendale, AZ
Zoning PAD · permitted uses
PAD · 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
RETAIL STORES Current
Est. value
$8.2M
AUTO REPAIR, GARAGE
Est. value
$13.5M
COMMERCIAL (GENERAL)
Est. value
$9.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.9M
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1994
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
5.68 ac
Current owner
From public records · entity-resolved
Phoenix Venture 1 LLC
Entity
Mailing address
316 MID VLY CTR, CARMEL, CA 93923-8516
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2020
$10,725,000
Phoenix Venture 1 LLC
57th & Bell LLC
Warranty Deed
$7,510,000 · Bay Commercial Bank
Nov 4, 2016
—
57th & Bell LLC
—
Deed
related
$14,600,000 · S&t Bk
Oct 15, 2002
$4,050,000
57th & Bell LLC
Wilmington Trust Co
Grant Deed
$250,000 · Fremont Investment & Loan
—
—
57th & Bell LLC
—
Deed Of Trust
related
$7,850,000 · Column Financial INC
—
—
Wilmington Trust Company
—
Deed Of Trust
related
$31,000,000 · Midland Loan Services LP
—
—
57th & Bell INC
—
Deed Of Trust
related
$4,850,000 · Telesis Community Cu
—
—
57th & Bell LLC
—
Deed Of Trust
related
$14,600,000 · S&t 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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