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Property profile & analytics
OFF-MARKET
Estimated value
$1,350,000
Strip malls
6445 51st Ave Glendale, AZ 85301-4621
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-1354087
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Construction
CONCRETE
Total area
6,845 SF
Lot
0.29 ac (12,810 SF)
Zoning code
C-2
APN
146-21-018
UPID
US07-1354087
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
-
Nayi’s Beauty Salon Hair Salon Nail Salon
-
Maryland Plaza Shopping Center & Mall
-
Upstairs Hair Hair Salon
-
Heritage Pest & Termite Control Garden Center
-
Tokyo Massage Studio-Young Asian Masseuse Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.41M
Comparable Approach
Comparable
$835k
Blend (final)
Blend
$1.35M
Owner & transaction history
Dtl Holdings LLC · 5 yrs held
Dtl Holdings LLC
since 2021
Last sale
$1.7M
7 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
$1,110,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,530,000
6.5%
$1,410,000
7%
$1,310,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,980,000
Current use
COMMERCIAL (GENERAL)
$1,840,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$1.35M
Range $1.22M – $1.49M · ±10% · vs last sale $1.70M (Jun 29 2021)
Last sale anchor
$1.70M
Jun 29 2021
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
$197 / 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
$7,725
Tax year 2023
Assessed value
$90,767
Assessed 2024
Previous assessed
$82,416
+10.1% YoY
Effective rate
8.51%
On assessed value
Land market value
$120,500
Improvement market value
$429,600
Total market value
$550,100
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
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
6,845 SF
Lot
0.29 ac (12,810 SF)
Zoning code
C-2
APN
146-21-018
UPID
US07-1354087
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
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
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Dtl Holdings LLC
Entity
Mailing address
3557 W DUNLAP AVE, PHOENIX, AZ 85051-5303
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2021
$1,700,000
Dtl Holdings LLC
Kayrich Associates LLC
Special Warranty Deed
$500,000 · Kayrich Associates LLC
May 31, 2013
—
Sharon K Thompson
Thompson Sharon K Trust
Quit Claim Deed
related
—
Jan 25, 2006
$550,000
Eudora L Sanderson
Don Sanderson Ford INC
Quit Claim Deed
related
—
Dec 2, 2005
—
Thompson Sharon K Trust
Sanderson,eudora L
Quit Claim Deed
related
—
Dec 1, 2005
—
Eudora L Sanderson
Kimmerle,david W & Sandra S
Quit Claim Deed
related
—
May 5, 1994
$395,000
Don Sanderson Ford INC
Hc Properties
Grant Deed
—
Nov 18, 1988
—
H C Properties
—
Deed Of Trust
related
—
—
—
Kayrich Associates LLC
—
Deed Of Trust
related
$600,000 · Rls Cap
—
—
Kayrich Associates LLC
—
Deed Of Trust
related
$775,000 · Miscellaneous Ins Co
—
—
Kayrich Associates LLC
—
Deed Of Trust
related
$750,000 · Oneaz Cu
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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