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Property profile & analytics
OFF-MARKET
Estimated value
$2,435,000
Banks
5704 Glenn Dr, Glendale, AZ 85301-2557
Trust Owned
9-yr Hold
Free & Clear
Property ID
US07-2294115
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1964
Construction
CONCRETE
Total area
6,841 SF
Lot
0.55 ac (24,000 SF)
Zoning code
C-C
APN
147-25-142B
UPID
US07-2294115
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
-
ATM (BMO Harris Bank) Atm
-
Bank of the West Bank Loan Service
-
BMO Bank N.A Branches Bank Loan Service
-
BMO Harris Bank Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.09M
Blend (final)
Blend
$2.44M
Owner & transaction history
Berrey,sandra M 2009 Trust · 9 yrs held
Berrey,sandra M 2009 Trust
since 2017
Last sale
$3.0M
2 recorded transactions
Zoning & alternative use
C-C · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$3,995,000
Current use
Blend value · Realmo final
$2.44M
Range $2.19M – $2.68M · ±10% · vs last sale $3.00M (Dec 3 2025)
Last sale anchor
$3.00M
Dec 3 2025
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
$356 / 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
$15,556
Tax year 2022
Assessed value
$202,125
Assessed 2024
Previous assessed
$180,081
+12.2% YoY
Effective rate
7.70%
On assessed value
Land market value
$221,800
Improvement market value
$1,003,200
Total market value
$1,225,000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1964
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
6,841 SF
Lot
0.55 ac (24,000 SF)
Zoning code
C-C
APN
147-25-142B
UPID
US07-2294115
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Glendale, AZ
Zoning C-C · permitted uses
C-C · 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
FINANCIAL BUILDING Current
Est. value
$4.0M
FINANCIAL BUILDING Current
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
1964
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Berrey,sandra M 2009 Trust
Trust
Free & Clear · 9 yrs held
Mailing address
111 W CHICAGO AVE, CHICAGO, IL 60654-3209
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2017
$4,052,000
Berrey,sandra M 2009 Trust
Cp Maple Leaf 2 LLC
Grant Deed
—
Mar 23, 2015
$2,921,459
Cp Maple Leaf 2 LLC
Bmo Harris Bank NA
Trustees Deed
$36,333,582 · Starwood Property Mtg Bc LLC
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
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