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Property profile & analytics
FOR LEASE
Strip malls
5849 W Northern Ave Glendale, AZ 85301
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0096262
For Lease
1 / 2
$6,290,000
5849 W Northern Ave, Glendale, AZ 85301
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Construction
CONCRETE
Total area
14,250 SF
Lot
1.85 ac (80,577 SF)
Zoning code
C-2
APN
147-20-168
UPID
US07-0096262
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
-
Chipotle Mexican Grill Restaurant
-
AT&T Store Mobile Phone Store Electronics & Wireless Store
-
Verizon Telecommunications Service Data Center
-
WallCar Games Electronics & Wireless Store (Bike/Boat/Book/etc) Store
-
UPS Access Point location Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.55M
Blend (final)
Blend
$6.29M
Owner & transaction history
Tkp Az Holdings LLC · 2 yrs held
Tkp Az Holdings LLC
since 2023
6 recorded transactions
Zoning & alternative use
C-2 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.9M
+19.2%
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
NEIGHBORHOOD: SHOPPING CENTER
$4,120,000
Current use
OFFICE BUILDING
$4,910,000
Change: +19% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,830,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$6.29M
Range $5.66M – $6.92M · ±10%
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
$441 / 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
$49,861
Tax year 2023
Assessed value
$988,119
Assessed 2024
Previous assessed
$753,933
+31.1% YoY
Effective rate
5.05%
On assessed value
Land market value
$3,905,300
Improvement market value
$2,083,298
Total market value
$5,988,598
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
14,250 SF
Lot
1.85 ac (80,577 SF)
Zoning code
C-2
APN
147-20-168
UPID
US07-0096262
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Glendale, AZ
Zoning C-2 · permitted uses
C-2 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.1M
OFFICE BUILDING
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$3.8M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.85 ac
Current owner
From public records · entity-resolved
Tkp Az Holdings LLC
Entity
Mailing address
415 S CEDROS AVE STE #240, SOLANA BEACH, CA 92075-1978
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2023
—
Tkp Az Holdings LLC
Travis L Pugmire
Special Warranty Deed
$3,025,000 · Standard Insurance Co
Sep 15, 2017
$375,000
Travis L Pugmire
Tidal Basin I INC
Grant Deed
—
Feb 10, 2017
$3,593,000
Mng National Invs LLC
Dlh Northern LLC
Grant Deed
—
Dec 13, 2011
—
Dlh Northern LLC
Rtb Properties LLC
Deed In Lieu Of Foreclosure
related
—
Apr 24, 2006
$2,750,000
Rtb Properties LLC
Cvs Egl Northern Glendale Az LLC
Special Warranty Deed
$3,215,000 · First National Bank Of Arizona
Aug 4, 2004
$3,350,000
Cvs Egl Nthrn Glendale Az LLC
Eckerd Corp
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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