Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5959 Utopia Rd Glendale, AZ 85308-7159
    Property profile & analytics

    5959 Utopia Rd, Glendale, AZ 85308-7159

    View on Map
    • Specialty properties
    • 5,326 SF
    • 10.37 lot acres
    Off-Market
    Property ID
    US07-0076814
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • San Prado / Apartment Complex / Apartment Building
    • Amazon Hub Locker - Esme / Postal Service / Courier Service

    Property Details for 5959 Utopia Rd

    Year built
    2004
    Construction
    STEEL FRAME
    Lot size
    10.37 lot acres
    Zone code
    R-4
    Property type
    Specialty properties
    APN
    200-28-011D
    APU
    20028011D

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 30, 2016 — San Prado Az LLC — Deed · related $18.9M · Cbre Multifamily Cap
    Jun 1, 2005 $20,610,000 San Prado Az LLC Arrowhead Highlands South LLC Grant Deed $7.5M · Compass Bank
    — — San Prado Az LLC — Deed Of Trust · related $18.9M · Cbre Multifamily Cap
    — — San Prado Az LLC — Deed Of Trust · related $16.6M · Cbre Melody & Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $66,878,000
      Market price range: $2.33M - $107M
      AI Estimate
      $61,807,000
      Market price range: $1.51M - $103M

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

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.188
    Latitude
    33.6605
    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
    $197,440
    $0.00
    $0.00
    $5,247,810
    -
    $10,495,600
    $41,982,500
    $52,478,100

    Comparable in this City

    • Value Estimation
      $32,980,000
      1,670 SF

      7701 Saint John Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS
      7701 Saint John Rd, Glendale, AZ 85308-8608
      View Details
    • Value Estimation
      $2,535,000
      7,223 SF

      6231 Bell Rd

      VETERINARY, ANIMAL HOSPITAL
      6231 Bell Rd, Glendale, AZ 85308-3717
      View Details
    • Value Estimation by Request
      3,190 SF

      17500 67th Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS
      17500 67th Ave, Glendale, AZ 85308-1079
      View Details
    • Value Estimation
      $8,960,000
      2,805 SF

      17280 63rd Ave

      CHARITABLE ORGANIZATION
      17280 63rd Ave, Glendale, AZ 85308-3708
      View Details
    • Value Estimation by Request
      16,100 SF

      17120 51st Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS
      17120 51st Ave, Glendale, AZ 85308-1543
      View Details
    • Value Estimation by Request
      3,064 SF

      6451 Bell Rd, Unit 2001

      PROFESSIONAL CLUBS/ASSOCIATIONS
      6451 Bell Rd, Glendale, AZ 85308-3667
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,730 SF

      Glendale NNN Leased Daycare Center

      NNN leased daycare center with 12 years remaining on lease.
      21468 N 75Th Ave, Glendale, AZ 85308
      View Details
    • Contact for pricing
      2,659 SF

      High-End Office Condo in Glendale

      Office condo in Arrowhead area, tenant in place until 2026.
      7155 W Campo Bello Dr, Glendale, AZ 85308
      View Details
    • $2,000,000

      Freestanding Glendale Building with Drive-Thru

      Freestanding building with drive-thru available for sale in Glendale.
      6800 West Bell Rd, Glendale, AZ 85308
      View Details
    • Contact for pricing
      39,486 SF

      Glendale Retail Space Near Arrowhead

      Retail opportunity in Glendale's Arrowhead Trade Area.
      7340-7346 W Bell Rd, Glendale, AZ 85308
      View Details
    • $2,100,000
      Pending

      Prime Glendale Development Opportunity

      4-acre property with frontage on Union Hills and Bluefield Ave.
      4941 W Union Hills Dr, Glendale, AZ 85308
      View Details
    • $975,000
      2.68 Acres

      Glendale Land Opportunity

      Large 2.68 acre lot suitable for various uses.
      4218 W Beardsley Rd, Glendale, AZ 85308
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,394 SF

      Class A Medical Office Space

      High-end medical office space with great visibility and parking.
      6320 W Union Hills Dr, Glendale, AZ 85308
      View Details
    • $28 SF/Yr
      4,451 SF

      Glendale Medical Office Space Available

      Medical office space for rent near Loop 101.
      18555 North 79Th Ave, Glendale, AZ 85308
      View Details
    • Contact for pricing

      Office/Medical Complex For Lease

      Office/medical complex with Loop 101 and I-17 access.
      7111-7121 W Bell Rd, Glendale, AZ 85308
      View Details
    • Contact for pricing
      4,800 SF

      Retail Space in Glendale Center

      Class A retail space available in Glendale, Arizona.
      20329 N 59Th Ave, Glendale, AZ 85308
      View Details
    • Contact for pricing
      45,593 SF

      Glendale Retail Space For Rent

      Retail spaces available in a national grocery anchored center.
      5880 W Bell Rd, Glendale, AZ 85308
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5959 Utopia Rd
    Glendale, AZ 85308-7159
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5959 Utopia Rd, Glendale, AZ, 85308
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!