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Property profile & analytics
OFF-MARKET
Estimated value
$1,940,000
Warehouses
6262 57th Ave Glendale, AZ 85301-4510
Trust Owned
~
Est. High Equity
Property ID
US07-0687575
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1991
Construction
CONCRETE
Total area
9,028 SF
Lot
0.94 ac (41,133 SF)
Zoning code
M-1
APN
146-09-022J
UPID
US07-0687575
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
-
CAFE 444, LLC Cafe & Coffee Shop
-
Premier Tower Solutions LLC General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.33M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.94M
Owner & transaction history
The Cruz Trust
The Cruz Trust
since 2025
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
M-1 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
or area of any accessory building or structure shall not exceed 50% of the building footprint of the principal building. Exception. This provision shall not apply to the following zoning districts: A-1, RR-45, C-3, B-P, M-1, and M-2. 4. Accessory buildings and structures, including tool/storage sheds, shall be included in lot coverage calculations for all zo…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
1,974.74 ac
Top alternative use upside
Office building
$3.1M
+2,298.5%
Neighborhood: shopping center
$2.6M
+1,912.3%
Commercial (general)
$2.4M
+1,772.6%
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
$1,785,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,440,000
6.5%
$1,330,000
7%
$1,235,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,110,000
Change: +2,298% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,610,000
Change: +1,912% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,430,000
Change: +1,773% · Conversion: Difficult
MEDICAL BUILDING
$2,070,000
Change: +1,497% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,760,000
Change: +1,257% · Conversion: Easy
RETAIL STORES
$1,730,000
Change: +1,234% · Conversion: Moderate
Blend value · Realmo final
$1.94M
Range $1.75M – $2.13M · ±10% · vs last sale $2.33M (May 20 2025)
Last sale anchor
$2.33M
May 20 2025
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
$215 / 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
$13,039
Tax year 2022
Assessed value
$230,060
Assessed 2024
Previous assessed
$192,338
+19.6% YoY
Effective rate
5.67%
On assessed value
Land market value
$313,800
Improvement market value
$1,080,500
Total market value
$1,394,300
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1991
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
9,028 SF
Lot
0.94 ac (41,133 SF)
Zoning code
M-1
APN
146-09-022J
UPID
US07-0687575
Jurisdiction
MARICOPA
Zoning & alternative use
M-1 · Glendale, AZZoning M-1 · permitted uses
M-1 · Glendale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
or area of any accessory building or structure shall not exceed 50% of the building footprint of the principal building. Exception. This provision shall not apply to the following zoning districts: A-1, RR-45, C-3, B-P, M-1, and M-2. 4. Accessory buildings and structures, including tool/storage sheds, shall be included in lot coverage calculations for all zoning districts. What are the exceptions for Accessory Building and Structures? 1. M
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
1,974.74 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$3.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1991
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
The Cruz Trust
Trust
Mailing address
7420 FM 2449, PONDER, TX 76259-8051
Ownership since
2025
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
Aug 20, 2025
$2,325,000
The Cruz Trust
Mark Hicks Investments LLC
Special Warranty Deed
$1,325,000 · Umb Bank NA
Sep 30, 2022
$1,800,000
Mark Hicks Investments LLC
Cafe 444 LLC
Special Warranty Deed
$1,440,000 · Guaranty Bank & Trust
Apr 20, 2017
—
Cafe 444 LLC
William O Young JR.
Warranty Deed
$702,000
Sep 25, 2012
$575,000
William O Young JR.
Tightfist LLC
Grant Deed
—
Jul 15, 2011
—
Tightfist LLC
Armor Metals INC
Grant Deed
related
—
Apr 1, 2011
—
Tightfist LLC
Armor Metals INC
Grant Deed
—
Jul 28, 2008
—
Armor Metals INC
Armor Metals INC
Quit Claim Deed
related
—
—
—
Armor Metals INC
—
Deed Of Trust
related
$260,784 · 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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