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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Day care centers
6145 Olive Ave Glendale, AZ 85302-4505
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US07-3412412
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1979
Construction
CONCRETE
Total area
3,867 SF
Lot
0.47 ac (20,517 SF)
Zoning code
M-H
APN
143-13-320A
UPID
US07-3412412
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
-
Raising Arizona Preschool of Glendale High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$889k
Blend (final)
Blend
$880k
Owner & transaction history
Raising Arizona Props LLC P · 12 yrs held
Raising Arizona Props LLC P
since 2013
7 recorded transactions
Zoning & alternative use
M-H · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+14.1%
Commercial (general)
$1.2M
+9.3%
Neighborhood: shopping center
$1.1M
+3.1%
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
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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$1,085,000
Current use
OFFICE BUILDING
$1,240,000
Change: +14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,185,000
Change: +9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,115,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$1,030,000
Change: -5% · Conversion: Difficult
MEDICAL BUILDING
$885,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$880k
Range $792k – $968k · ±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
$228 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$4,551
Tax year 2022
Assessed value
$82,615
Assessed 2024
Previous assessed
$68,140
+21.2% YoY
Effective rate
5.51%
On assessed value
Land market value
$144,600
Improvement market value
$681,551
Total market value
$826,151
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 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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1979
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
3,867 SF
Lot
0.47 ac (20,517 SF)
Zoning code
M-H
APN
143-13-320A
UPID
US07-3412412
Jurisdiction
MARICOPA
Zoning & alternative use
M-H · Glendale, AZ
Zoning M-H · permitted uses
M-H · 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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$885,000
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
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
1979
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.47 ac
Current owner
From public records · entity-resolved
Raising Arizona Props LLC P
Entity
Mailing address
8331 W CHERRY HLS DR, PEORIA, AZ 85345-8134
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2018
—
Raising Arizona Properties LLC
—
Deed
related
$293,944 · Jpmorgan Chase Bank NA
Oct 8, 2013
$309,360
Raising Arizona Props LLC P
Solem,family Living Trust
Grant Deed
$283,100 · Seacoast Commerce Bank
Sep 30, 2005
$320,119
Walter G Solem
S K Holdings LLC
Warranty Deed
$243,782 · S K Holdings LLC
Jan 7, 2003
$1,800,000
Emrland Lllp
Chittick,lyle E & Patricia K
Grant Deed
—
Jul 5, 2000
—
Sk Holdings LLC
Guidance Investors LP
Quit Claim Deed
related
—
Jul 6, 1995
$172,000
Investors L P Guidance
Vida H & David P Jones
Grant Deed
$142,000 · Seller
—
—
Solem Family Living Trust
—
Deed Of Trust
related
$1,756,000 · Mutual Of Omaha Bank
—
—
Raising Arizona Properties LLC
—
Deed Of Trust
related
$350,000 · Bank Of America
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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