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Property profile & analytics
OFF-MARKET
Estimated value
$3,600,000
Strip malls
6601 Bethany Home Rd Glendale, AZ 85301-4947
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-1380203
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Construction
CONCRETE
Total area
19,125 SF
Lot
0.83 ac (36,111 SF)
Zoning code
C-2
APN
144-26-002P
UPID
US07-1380203
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
-
Paqueteria HR Express Phoenix Courier Service Postal Service
-
My Kim Nails Nail Salon
-
Fresh Cuttz 2.0 Barbershop Barber Shop
-
AZ Lingerie Co (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
Trever Penny Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.60M
CAP Approach
CAP
$3.94M
Comparable Approach
Comparable
$2.90M
Blend (final)
Blend
$3.60M
Owner & transaction history
Bethany Center LLC · 1 yrs held
Bethany Center LLC
since 2024
Last sale
$3.6M
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
$3,600,000
ML approach
$3,600,000
CAP Approach
CAP Return
Estimation
6%
$4,270,000
6.5%
$3,940,000
7%
$3,660,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,525,000
Current use
COMMERCIAL (GENERAL)
$5,145,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$3.60M
Range $3.24M – $3.96M · ±10% · vs last sale $3.60M (Jun 10 2024)
Last sale anchor
$3.60M
Jun 10 2024
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
$188 / 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
$28,025
Tax year 2023
Assessed value
$353,579
Assessed 2024
Previous assessed
$353,579
+0.0% YoY
Effective rate
7.93%
On assessed value
Land market value
$234,400
Improvement market value
$1,908,500
Total market value
$2,142,900
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
1988
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
19,125 SF
Lot
0.83 ac (36,111 SF)
Zoning code
C-2
APN
144-26-002P
UPID
US07-1380203
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
$5.5M
COMMERCIAL (GENERAL)
Est. value
$5.1M
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
1988
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
Bethany Center LLC
Entity
Mailing address
1807 W FALVON DR, TEMPE, AZ 85282
Ownership since
2024
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 23, 2024
—
Bethany Center LLC
Chandler Mercado Partners LLC
Re-recorded Document
related
$1,800,000 · Desert Financial Cu
Jun 10, 2024
$3,600,000
Bethany Center LLC
Chandler Mercado Partners LLC
Special Warranty Deed
$1,800,000 · Desert Financial Cu
Feb 27, 2014
$1,850,000
Chandler Mercado Partners LLC
Bethany Center INC
Special Warranty Deed
$1,200,000 · Us Bank NA
Apr 11, 2001
—
Bethany Home Center INC
Warren,paul B & Collette E
Grant Deed
$1,200,000 · Sun Life Assurance Co Canada
Aug 16, 1995
$770,000
Paul B Warren
A Sales Company INC
Grant Deed
$530,000 · Seller
Aug 12, 1994
—
Eqr-bethany Village Vistas INC
Eqr-swn Line Vis
Quit Claim Deed
related
—
Aug 12, 1987
—
Bethany
—
Deed Of Trust
related
—
—
—
Bethany Center INC
—
Deed Of Trust
related
—
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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