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Property profile & analytics
FOR LEASE
Strip malls
5814 W Olive Ave Glendale, AZ 85302
Individually Owned
~
Est. High Equity
Property ID
US07-1798863
For Lease
1 / 10
$5,500,000
5814 W Olive Ave, Glendale, AZ 85302
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Construction
CONCRETE
Total area
5,072 SF
Lot
2.94 ac (128,254 SF)
Zoning code
C-1
APN
148-22-574B
UPID
US07-1798863
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
-
Pizza Patrón West Olive Ave. Restaurant
-
Rollz N' Boba Grocery & Convenience Store Specialty Food Shop
-
Door To Door Garage Services Building Supply General Contractor
-
Arizona Affordable Shipping Shipping Company Freight Service
-
Platinum Barber Shop Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.50M
Owner & transaction history
K & A Kasidiaris Olive Ave Retail L
K & A Kasidiaris Olive Ave Retail L
since 2026
Last sale
$5.5M
7 recorded transactions
Zoning & alternative use
C-1 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.6M
+211.5%
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
$5,500,000
ML approach
$5,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,565,000
Change: +211% · Conversion: Difficult
Blend value · Realmo final
$5.50M
Range $4.95M – $6.05M · ±10% · vs last sale $5.50M (Mar 18 2024)
Last sale anchor
$5.50M
Mar 18 2024
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
$1,084 / 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
$38,235
Tax year 2023
Assessed value
$460,284
Assessed 2024
Previous assessed
$460,284
+0.0% YoY
Effective rate
8.31%
On assessed value
Land market value
$489,400
Improvement market value
$2,300,200
Total market value
$2,789,600
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2003
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
1
Units
3
Total area
5,072 SF
Lot
2.94 ac (128,254 SF)
Zoning code
C-1
APN
148-22-574B
UPID
US07-1798863
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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$4.6M
RESTAURANT
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
2003
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
2.94 ac
Current owner
From public records · entity-resolved
K & A Kasidiaris Olive Ave Retail L
Individual
Mailing address
22986 E VIA DEL SOL, QUEEN CREEK, AZ 85142-7933
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2026
—
K & A Kasidiaris Olive Ave Retail L
2015 K And A Kasidiaris Trust
Special Warranty Deed
—
Mar 18, 2024
$5,500,000
Kosta Kasidiaris
Kavaso Investments LLC
Special Warranty Deed
$2,550,000 · Vantage West Cu
Feb 14, 2022
$4,450,000
Kavaso Investments LLC
Pv Olive Park LLC
Special Warranty Deed
$3,115,000 · Bank 34
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
May 16, 2017
$1,811,250
Yek 11 LLC
Bacm 2005-3 Olive Retall L
Grant Deed
—
Apr 20, 2005
$4,950,000
Olive Park Retail Center LLC
Pwp 59th & Olive LLC
Special Warranty Deed
$3,700,000 · Bank Of America NA
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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