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Property profile & analytics
OFF-MARKET
Estimated value
$21,175,000
Individual retail properties
5860 Thunderbird Rd Glendale, AZ 85306-4629
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US07-3476690
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1999
Construction
CONCRETE
Total area
55,260 SF
Lot
9.6 ac (418,164 SF)
Zoning code
C-2
APN
200-74-708C
UPID
US07-3476690
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
-
Discount Tire Repair Parts General Contractor
-
Tara Newton Pharmacy
-
Fast Home Air Experts Hardware & Home Improvement Home Appliance Store
-
EōS Fitness Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$21.18M
Blend (final)
Blend
$21.18M
Owner & transaction history
Cp6gt LLC · 18 yrs held
Cp6gt LLC
since 2008
7 recorded transactions
Zoning & alternative use
C-2 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$24.2M
+60.8%
Office building
$17.7M
+17.5%
Commercial (general)
$16.9M
+12.5%
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
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
GYM, HEALTH SPA
$15,055,000
Current use
AUTO REPAIR, GARAGE
$24,205,000
Change: +61% · Conversion: Difficult
OFFICE BUILDING
$17,685,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$16,940,000
Change: +13% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$15,970,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$14,685,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$21.18M
Range $19.06M – $23.29M · ±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
$383 / 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
$170,191
Tax year 2023
Assessed value
$3,666,927
Assessed 2024
Previous assessed
$3,026,255
+21.2% YoY
Effective rate
4.64%
On assessed value
Land market value
$6,995,600
Improvement market value
$15,228,200
Total market value
$22,223,800
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 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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1999
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
1
Units
3
Total area
55,260 SF
Lot
9.6 ac (418,164 SF)
Zoning code
C-2
APN
200-74-708C
UPID
US07-3476690
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
GYM, HEALTH SPA Current
Est. value
$15.1M
AUTO REPAIR, GARAGE
Est. value
$24.2M
OFFICE BUILDING
Est. value
$17.7M
COMMERCIAL (GENERAL)
Est. value
$16.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$16.0M
RETAIL STORES
Est. value
$14.7M
GYM, HEALTH SPA Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1999
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
9.6 ac
Current owner
From public records · entity-resolved
Cp6gt LLC
Entity
Mailing address
280 2ND ST STE #230, LOS ALTOS, CA 94022-3643
Ownership since
2008
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
Feb 28, 2020
—
Cp6gt LLC
—
Deed
related
$12,220,000 · Bank Of America
Oct 8, 2019
—
Cp6gt LLC
—
Deed
related
$13,950,000 · Terracotta Credit Reit LLC
Dec 8, 2016
—
Cp6gt LLC
—
Deed
related
$9,950,000 · Terracotta Credit Fund LP Terracotta Credit Fund LP
Jan 30, 2008
—
Cp6gt LLC
Sl Investments Vii LLC
Grant Deed
—
Dec 12, 2006
$17,100,000
Cp6gt LLC
Eisenberg 59 LLC
Grant Deed
$9,763,500 · Column Financial INC
—
—
Cp6gt LLC
—
Loan Modification
related
$13,950,000 · Terracotta Credit Reit LLC
—
—
Cp6gt LLC
—
Deed Of Trust
related
$12,220,000 · Bank Of America
—
—
Cp6gt LLC
—
Deed Of Trust
related
$9,950,000 · Terracotta Credit Fund LP Terracotta Credit Fund LP
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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