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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Strip malls
6015 61st Ave Glendale, AZ 85301-5046
Entity Owned
4-yr Hold
Free & Clear
Property ID
US07-0832324
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1962
Construction
CONCRETE
Total area
5,003 SF
Lot
0.28 ac (12,118 SF)
Zoning code
C-2
APN
144-19-005E
UPID
US07-0832324
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
-
Feria De Mayo Grocery & Convenience Store Food Market
-
Ismeli Hernandez Carpet Store Carpet & Flooring Store
-
La yarda de Glendale Liquidator Thrift Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$610k
Blend (final)
Blend
$580k
Owner & transaction history
The Best Move LLC · 4 yrs held
The Best Move LLC
since 2022
Last sale
$600,000
4 recorded transactions
Zoning & alternative use
C-2 · 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
$550,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $600k (Feb 28 2022)
Last sale anchor
$600k
Feb 28 2022
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
$116 / 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
$4,200
Tax year 2023
Assessed value
$59,346
Assessed 2024
Previous assessed
$48,977
+21.2% YoY
Effective rate
7.08%
On assessed value
Land market value
$92,900
Improvement market value
$266,772
Total market value
$359,672
Applied tax rate
400,700.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1962
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
5,003 SF
Lot
0.28 ac (12,118 SF)
Zoning code
C-2
APN
144-19-005E
UPID
US07-0832324
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.
Building & site characteristics
From public records
Year built
1962
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
The Best Move LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2920 S 72ND LN, PHOENIX, AZ 85043-7824
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2022
$600,000
The Best Move LLC
Ambaji LLC
Special Warranty Deed
—
Feb 28, 2022
—
Ambaji LLC
Jashvant A Shah
Warranty Deed
—
Sep 4, 1997
—
Fay M Wong
Opel K & Arvilla Twiss
Grant Deed
related
—
Aug 15, 1997
$147,500
Jashvant A Shah
Fay M & Mary Wong
Grant Deed
$104,725 · Seller
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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