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    Property profile & analytics

    5949 W Northern Ave Glendale, AZ 85301

    • Strip malls
    • 11,386 SF
    • 0.98 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0833863
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Valley physicians and wellness / Weight Loss Service
    • Ramah Full Gospel Church / Religious Bookstore
    • Dulceria Aaron's Candy Shop / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Iglesia Apostolica De La Fe en Cristo Jesus En Glendale Arizona / Church
    • A New Day Community Health Center / Association / Organization

    Property Details for 5949 W Northern Ave

    Year built
    1987
    Construction
    CONCRETE
    Lot size
    0.98 lot acres
    Property size
    11,386 SF
    Zone code
    C-2
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    143-41-002B
    APU
    14341002B

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,261,000
      Market price range: $1.39M - $5.23M
      AI Estimate
      $2,061,000
      Market price range: $1.25M - $4.82M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,290,000
      Current use
      COMMERCIAL (GENERAL)
      $3,060,000
      Change: -7% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.188
    Latitude
    33.5525
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $23,665
    $0.00
    $0.00
    $275,666
    -
    $400,400
    $1,270,300
    $1,670,700

    Comparable in this City

    • Value Estimation
      $3,170,000
      7,186 SF

      4353 Bethany Home Rd

      SHOPPING CENTER, STRIP CENTER • 7,186 SF
      4353 Bethany Home Rd, Glendale, AZ 85301-5401
      View Details
    • Value Estimation
      $960,000
      7,841 SF

      6220 43rd Ave

      SHOPPING CENTER, STRIP CENTER • 7,841 SF
      6220 43rd Ave, Glendale, AZ 85301-5407
      View Details
    • Value Estimation
      $1,565,000
      3,816 SF

      5506 43rd Ave

      SHOPPING CENTER, STRIP CENTER • 3,816 SF
      5506 43rd Ave, Glendale, AZ 85301-6405
      View Details
    • Value Estimation
      $3,830,000
      23,607 SF

      4935 Glendale Ave

      SHOPPING CENTER, STRIP CENTER • 23,607 SF
      4935 Glendale Ave, Glendale, AZ 85301-2700
      View Details
    • Value Estimation
      $770,000
      5,800 SF

      6128 43rd Ave

      SHOPPING CENTER, STRIP CENTER • 5,800 SF
      6128 43rd Ave, Glendale, AZ 85301-5406
      View Details
    • Value Estimation
      $950,000
      7,195 SF

      6256 43rd Ave

      SHOPPING CENTER, STRIP CENTER • 7,195 SF
      6256 43rd Ave, Glendale, AZ 85301-5477
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      21,331 SF

      Retail Strip Center For Sale

      21,331 SF retail strip center for sale.
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      1,400 SF

      Retail Building on Glendale Avenue

      1,400 SF building on a 13,200 SF parcel.
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      Glendale Restaurant with Liquor License

      Turn-key restaurant in Downtown Glendale with FF&E and license.
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      8,000 SF

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      8,000 SF building on 1.93 acres for sale.
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      1,400 SF

      Glendale Ave Restaurant - AZ

      Prime Glendale Restaurant Space, 1400 SF
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      Signalized Corner Land Opportunity

      Hard corner lot suitable for diverse commercial uses.
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    Similar Nearby for Lease

    • Contact for pricing
      36,352 SF

      Retail Space on Camelback Road

      Retail spaces available in high-traffic Glendale location.
      5828-5834 W Camelback Rd, Glendale, AZ 85301
      View Details
    • Contact for pricing
      17,900 SF

      Retail Space in Northern Plaza

      Retail spaces available in Glendale shopping center near major retailers.
      5008 W Northern Ave, Glendale, AZ 85301
      View Details
    • Contact for pricing
      1,294 SF

      Glendale Retail Space For Rent

      Retail space in Glendale's outdoor lifestyle center.
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      6,576 SF

      Retail Space in Northern Crossing

      6,576 SF end cap space in Glendale, Arizona.
      5849 W Northern Ave, Glendale, AZ 85301
      View Details
    • Contact for pricing
      6,748 SF

      Glendale Retail Space Available

      Retail spaces for lease in Downtown Glendale with high exposure.
      5533-5539 W Glendale Ave, Glendale, AZ 85301
      View Details
    • Contact for pricing
      1,850 SF

      Glendale Retail Space Available

      Retail spaces for lease in Downtown Glendale with high exposure.
      5533-5537 W Glendale Ave, Glendale, AZ 85301
      View Details
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    Glendale, AZ 85301
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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