Back to Search
Property profile & analytics
FOR LEASE
Grocery and convenience stores
5802 W Olive Ave Glendale, AZ 85302
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-0373543
For Lease
1 / 2
Contact for pricing
5802 W Olive Ave, Glendale, AZ 85302
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2003
Construction
CONCRETE
Total area
52,483 SF
Lot
7.15 ac (311,631 SF)
Zoning code
C-1
APN
148-22-575
UPID
US07-0373543
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
-
Amazon Locker - Supermarket Postal Service Courier Service
-
dd's DISCOUNTS Clothing Store Department Store
-
Low Cost Car Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pv Olive Park LLC · 6 yrs held
Pv Olive Park LLC
since 2020
Last sale
$5.0M
5 recorded transactions
Zoning & alternative use
C-1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$57,102
Tax year 2023
Assessed value
$1,062,072
Assessed 2024
Previous assessed
$918,867
+15.6% YoY
Effective rate
5.38%
On assessed value
Land market value
$1,189,200
Improvement market value
$5,247,600
Total market value
$6,436,800
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 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 Lease
Year built
2003
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
52,483 SF
Lot
7.15 ac (311,631 SF)
Zoning code
C-1
APN
148-22-575
UPID
US07-0373543
Jurisdiction
MARICOPA
Zoning & alternative use
C-1 · Glendale, AZ
Zoning C-1 · permitted uses
C-1 · 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.
Building & site characteristics
From public records
Year built
2003
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
7.15 ac
Current owner
From public records · entity-resolved
Pv Olive Park LLC
Entity
Mailing address
4350 LA JOLLA VLG DR STE #110, SAN DIEGO, CA 92122-1244
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2020
—
Pv Olive Park LLC
Nienstedt Properties LLC
Grant Deed
related
—
Aug 30, 2018
$5,000,000
Pv Olive Park LLC
Yek 11 LLC
Grant Deed
—
Nov 28, 2017
—
Yek 11 LLC
—
Grant Deed
related
$2,595,000 · Jp Morgan Chase Bk
Apr 14, 2016
$2,572,500
Yek 11 LLC
Ars Owner LLC
Grant Deed
—
Jul 20, 2006
$5,500,000
Asr Owner LLC
American Stores Realty Co LLC
Warranty Deed
$168,927,970 · Greenwich Capital Financial Product
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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
