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Property profile & analytics
OFF-MARKET
Estimated value
$6,370,000
Grocery and convenience stores
6110 59th Ave, Glendale, AZ 85301-7711
Individually Owned
29-yr Hold
Free & Clear
Property ID
US07-3130984
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1967
Construction
CONCRETE
Total area
35,813 SF
Lot
7.28 ac (316,951 SF)
Zoning code
C-2
APN
144-19-027B
UPID
US07-3130984
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
-
Watermill Express Big Box & Wholesale Store
-
Glenfair Lanes Bowling Alley
-
Virtue Bowling Supply (Bike/Boat/Book/etc) Store Bowling Alley
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.37M
Blend (final)
Blend
$6.37M
Owner & transaction history
Plaza L L C Glenfair · 29 yrs held
Plaza L L C Glenfair
since 1997
4 recorded transactions
Zoning & alternative use
C-2 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$10.4M
+50.8%
Commercial (general)
$9.6M
+40.4%
Medical building
$8.2M
+19.7%
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
Alternative Use
Use
Estimation
RETAIL STORES
$6,860,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$10,350,000
Change: +51% · Conversion: Moderate
COMMERCIAL (GENERAL)
$9,630,000
Change: +40% · Conversion: Easy
MEDICAL BUILDING
$8,210,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,980,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$6.37M
Range $5.73M – $7.01M · ±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
$178 / 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
$77,879
Tax year 2023
Assessed value
$850,707
Assessed 2024
Previous assessed
$730,932
+16.4% YoY
Effective rate
9.15%
On assessed value
Land market value
$1,775,200
Improvement market value
$3,380,600
Total market value
$5,155,800
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1967
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
4
Stories
1
Units
4
Total area
35,813 SF
Lot
7.28 ac (316,951 SF)
Zoning code
C-2
APN
144-19-027B
UPID
US07-3130984
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
RETAIL STORES Current
Est. value
$6.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.4M
COMMERCIAL (GENERAL)
Est. value
$9.6M
MEDICAL BUILDING
Est. value
$8.2M
AUTO REPAIR, GARAGE
Est. value
$7.0M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1967
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
4
Units
4
Lot
7.28 ac
Current owner
From public records · entity-resolved
Plaza L L C Glenfair
Individual
Free & Clear · 29 yrs held
Mailing address
1136 W BASELINE RD, MESA, AZ 85210-5971
Ownership since
1997
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
Jun 23, 2016
—
Glenfair Plaza LLC
—
Deed
related
$2,250,000 · Thrivent Fin'l/lutherans
Mar 5, 2013
—
Glenfair Plaza LLC
—
Grant Deed
related
$2,150,000 · Thrivent Fin'l/lutherans
Jan 29, 1997
$1,711,416
Plaza L L C Glenfair
Glenfair Associates L P
Grant Deed
related
—
—
—
Glenfair Plaza LLC
—
Loan Modification
related
$2,250,000 · Thrivent Fin'l/lutherans
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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