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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6161 Bell Rd Glendale, AZ 85308-3730

    • Outlet malls
    • 27,327 SF
    • 1.83 lot acres
    OFF-MARKET
    Last Sale
    Nov 15, 2022
    $7,492,038
    Value Estimations
    $9,390,000
    Show details
    Cap Rate Potential
    3.4%
    Outlet malls
    Location Intelligence
    Property ID
    US07-1506820
    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

    • Goodwill - Retail Store and Donation Center / Non-Profit Organization / Thrift Store
    • Sunbelt Roofing / Roofing Contractor

    Property Details for 6161 Bell Rd

    Year built
    1995
    Construction
    CONCRETE
    Lot size
    1.83 lot acres
    Property size
    27,327 SF
    Zone code
    C-2
    Property type
    Outlet malls
    APN
    200-51-959
    APU
    20051959

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,390,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $7,260,000
      Current use
      AUTO REPAIR, GARAGE
      $11,970,000
      Change: +65% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $8,375,000
      Change: +15% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $7,895,000
      Change: +9% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.191
    Latitude
    33.638
    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
    $41,839
    $0.00
    $0.00
    $570,092
    -
    $1,295,500
    $2,159,600
    $3,455,100

    Comparable in this City

    • Value Estimation by Request
      28,260 SF

      3522 Bell Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 28,260 SF
      3522 Bell Rd, Glendale, AZ 85308-4314
      View Details
    • Value Estimation by Request
      32,491 SF

      7270 Bell Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 32,491 SF
      7270 Bell Rd, Glendale, AZ 85308-8528
      View Details
    • Value Estimation by Request
      115,198 SF

      6767 Bell Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 115,198 SF
      6767 Bell Rd, Glendale, AZ 85308-8400
      View Details
    • Value Estimation by Request
      60,412 SF

      4236 Bell Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 60,412 SF
      4236 Bell Rd, Glendale, AZ 85308-4029
      View Details
    • Value Estimation by Request
      126,834 SF

      18495 83rd Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 126,834 SF
      18495 83rd Ave, Glendale, AZ 85308
      View Details
    • Value Estimation by Request
      107,920 SF

      6160 Behrend Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 107,920 SF
      6160 Behrend Dr, Glendale, AZ 85308-6900
      View Details

    Similar Nearby for Sale

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      51,353 SF

      Glendale Retail Space Near Arrowhead

      Retail opportunity in Glendale's Arrowhead Trade Area.
      7340-7346 W Bell Rd, Glendale, AZ 85308
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      32,458 SF

      Retail Space in Glendale, Arizona

      Retail property in a high-traffic shopping area.
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      Arrowhead Towne Center Pad Sites

      1-2 acre pads available in Arrowhead Towne Center.
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    • $11,280,000
      5.67 Acres

      Talavi Towne Center II: Glendale, AZ

      Prime Retail Investment: 61,302 SF, 100% Leased
      5665 Bell Rd, Glendale, AZ 85308
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      Retail Space in Arrowhead Area

      Retail space near Arrowhead Towne Center with shopping and dining.
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      23,601 SF

      Retail Space on Bell Road

      Retail property with strong traffic and co-tenants on Bell.
      4236-4240 W Bell Rd, Glendale, AZ 85308
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    Similar Nearby for Lease

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      2,789 SF

      Retail Space in Glendale Center

      New multi-tenant retail center with regional anchors.
      5830 W Bell Rd, Glendale, AZ 85308
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      8,000 SF

      Retail Space in Bell Park

      Retail space in a busy Glendale neighborhood center.
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    • $18 SF/Yr
      11,558 SF

      Citadelle Plaza Retail Spaces Available

      Upscale Glendale retail, multiple spaces.
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    • Contact for pricing
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      Glendale Retail Space For Lease

      Retail opportunity in Glendale's Arrowhead Trade Area.
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      Retail Space in Woodland Plaza

      Retail space available in Glendale, anchored by Dollar Tree.
      3510-3624 W Bell Rd, Glendale, AZ 85308
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    • Contact for pricing
      14,351 SF

      Retail Space in Glendale Plaza

      38,320 SF plaza surrounded by top home goods retailers.
      6950 W Bell Rd, Glendale, AZ 85308
      View Details
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    6161 Bell Rd
    Glendale, AZ 85308-3730
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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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