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Property profile & analytics
OFF-MARKET
Estimated value
$2,945,000
Turn key restaurants
5880 Peoria Ave, Glendale, AZ 85302-1302
Entity Owned
6-yr Hold
Free & Clear
Property ID
US07-0750865
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1996
Construction
STEEL FRAME
Total area
5,501 SF
Lot
0.88 ac (38,463 SF)
Zoning code
C-C
APN
148-25-630F
UPID
US07-0750865
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
-
Cosmic Wings Restaurant
-
Applebee's Grill + Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.95M
Blend (final)
Blend
$2.95M
Owner & transaction history
Spref Wh III LLC · 6 yrs held
Spref Wh III LLC
since 2019
7 recorded transactions
Zoning & alternative use
C-C · 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
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
Blend value · Realmo final
$2.95M
Range $2.65M – $3.24M · ±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
$535 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$22,485
Tax year 2022
Assessed value
$240,620
Assessed 2024
Previous assessed
$199,597
+20.6% YoY
Effective rate
9.34%
On assessed value
Land market value
$413,400
Improvement market value
$1,044,902
Total market value
$1,458,302
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1996
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
5,501 SF
Lot
0.88 ac (38,463 SF)
Zoning code
C-C
APN
148-25-630F
UPID
US07-0750865
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Glendale, AZ
Zoning C-C · permitted uses
C-C · 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
1996
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
Spref Wh III LLC
Entity
Free & Clear · 6 yrs held
Mailing address
16700 VLY VW AVE, LA MIRADA, CA 90638-5830
Ownership since
2019
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
Nov 8, 2019
—
Spref Wh III LLC
Glendale Galleria Center LLC
Grant Deed
related
—
Sep 25, 2019
$14,800,000
Glendale Galleria Center Ll
Ga Apollo Lil Sub Brixmor
Trust Deed
$10,360,000 · Argentic R/e Fin LLC
Jun 21, 2011
—
Thomas & King INC
—
Deed Of Trust
related
$53,000,000 · Wells Fargo Bank
Mar 7, 2011
—
Kamilche Az LP
Taylor Family Trust
Quit Claim Deed
related
—
Jun 14, 2010
$2,800,000
Taylor Family Trust
Thomas & King Real Estate LLC
Grant Deed
—
May 18, 2005
—
Thomas & King Real Estate LLC
—
Deed Of Trust
related
$8,105,000 · Citicorp Leasing INC
Apr 9, 1996
$550,000
Thomas Estate
E C P G Associates L P
Grant Deed
$1,421,300 · Seller
—
—
Rmh Franchise Corp
—
Deed Of Trust
related
$3,899,900 · Bank Of America
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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