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Property profile & analytics
FOR LEASE
Strip malls
5929 W Peoria Ave Glendale, AZ 85302
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-3307150
For Lease
1 / 2
$33 SF/Yr
5929 W Peoria Ave, Glendale, AZ 85302
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Construction
CONCRETE
Total area
10,595 SF
Lot
1.32 ac (57,606 SF)
Zoning code
C-2
APN
143-12-007Z
UPID
US07-3307150
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
-
Meschi Leyla DDS Dental Office
-
Western Dental & Orthodontics Dental Office
-
Dr. Jaclyn R. Haendel Dental Office
-
Jersey Mike's Subs Take-out & Catering Catering Service
-
Smoke City - Smoke Shop & Vape Shop (Bike/Boat/Book/etc) Store Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.19M
Comparable Approach
Comparable
$3.17M
Blend (final)
Blend
$3.19M
Owner & transaction history
Rimic Properties LLC · 4 yrs held
Rimic Properties LLC
since 2021
Last sale
$4.1M
7 recorded transactions
Zoning & alternative use
C-2 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.6M
+51.6%
Office building
$3.4M
+10.8%
Commercial (general)
$3.3M
+6.1%
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
$2,670,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,365,000
6.5%
$2,185,000
7%
$2,025,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,060,000
Current use
AUTO REPAIR, GARAGE
$4,640,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$3,390,000
Change: +11% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,250,000
Change: +6% · Conversion: Easy
RETAIL STORES
$2,815,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$3.19M
Range $2.87M – $3.50M · ±10% · vs last sale $4.10M (Oct 28 2021)
Last sale anchor
$4.10M
Oct 28 2021
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
$301 / 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
$28,073
Tax year 2023
Assessed value
$387,064
Assessed 2024
Previous assessed
$326,740
+18.5% YoY
Effective rate
7.25%
On assessed value
Land market value
$571,100
Improvement market value
$1,774,744
Total market value
$2,345,844
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
2006
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Total area
10,595 SF
Lot
1.32 ac (57,606 SF)
Zoning code
C-2
APN
143-12-007Z
UPID
US07-3307150
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
$3.1M
AUTO REPAIR, GARAGE
Est. value
$4.6M
OFFICE BUILDING
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.3M
RETAIL STORES
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2006
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Lot
1.32 ac
Current owner
From public records · entity-resolved
Rimic Properties LLC
Entity
Mailing address
PO BOX 25444, FRESNO, CA 93729-5444
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2021
—
Rimic Properties LLC
—
Deed
related
$1,850,000 · Symetra Life Insurance Co
Oct 28, 2021
$4,100,000
Rimic Properties LLC
Triumph Glendale Crossing Acquisiti
Special Warranty Deed
—
Mar 16, 2018
—
Triumph Glendale Crossing Acquisiti
—
Deed
related
$1,925,000 · Arizona Business Bank
Jan 4, 2017
$3,025,000
Triumph Glendale Crossing A
Gm 59p LLC
Grant Deed
$2,117,500 · Gm 59p LLC
Jun 27, 2011
$1,650,000
Gm 59p LLC
Coastline Re Holdings Corp
Grant Deed
$500,000 · Lnlm LLC
May 27, 2011
$1,125,000
Coastline Re Holdings Corp
Saxton,robert W
Trustees Deed
related
—
May 18, 2007
$4,855,287
Laird Jack S Trust
Vdg 59th LLC
Grant Deed
$2,900,000 · Affinity Bank
Jan 4, 2005
$1,027,300
Vdg 59th LLC
Kapanicas,michael L
Grant Deed
—
—
—
Gm 59p LLC
—
Deed Of Trust
related
$500,000 · Wcvv LLC
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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