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Property profile & analytics
OFF-MARKET Estimated value $5,500,000
Strip malls

5814 Olive Ave Glendale, AZ 85302-3149

0.03 ac lot
Individually Owned 2-yr Hold ~ Est. High Equity
Property ID
US07-1896505
Property summary
AI-generated overview

This exceptional retail opportunity, located at 5814 W Olive Ave in Glendale, Arizona (zip code 85302), offers 63,481 square feet of space in a multi-tenant building. Four suites are available, with a minimum divisible space of 3,006 square feet and a maximum contiguous space of 28,685 square feet. Currently, 60,744 square feet are vacant, presenting a significant opportunity for businesses seeking prime retail space in a high-traffic area. The property is zoned C-C, ensuring flexibility for a variety of retail uses. Its strategic location directly across from Glendale Community College, with its 19,000 students, provides a built-in customer base. Furthermore, its proximity to major transportation arteries, including the US-60 Freeway (Grand Avenue, approximately 2 miles away), and the Metrocenter Mall (just over 3 miles away), ensures high visibility and accessibility. Metrocenter features anchor tenants such as Walmart, Dillard's, Harkins Theatres, and more, further enhancing the area's retail appeal. The property also benefits from a strong industrial employment core to the west and southwest, and is surrounded by densely populated neighborhoods. This combination of factors makes this property an ideal location for businesses seeking high visibility, strong foot traffic, and a diverse customer base in a thriving Maricopa County market.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Lot 0.03 ac (1,343 SF)
Zoning code C-1
APN 148-22-001Z
UPID US07-1896505
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
Kosta Kasidiaris · 2 yrs held
Kosta Kasidiaris
since 2024
Last sale
$5.5M
6 recorded transactions
2024
$5.5M
2022
$4.5M
2020
Price N/A
2018
$5.0M
2017
$1.8M
2005
$5.0M
Zoning & alternative use
C-1 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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