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Property profile & analytics
OFF-MARKET
Estimated value
$10,900,000
Grocery and convenience stores
6645 Peoria Ave Glendale, AZ 85302-1011
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US07-1576929
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2007
Construction
CONCRETE
Total area
40,106 SF
Lot
4.36 ac (189,861 SF)
Zoning code
C-2
APN
143-12-977C
UPID
US07-1576929
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
-
Walmart Patio & Garden Services Landscaping General Contractor
-
Walmart Baby & Nursery Services Social Service Agency Community Center
-
Walmart Connection Center Mobile Phone Store Electronics & Wireless Store
-
6645 W Peoria Ave Parking Parking Lot & Garage
-
Walmart Pet Services Kennel & Boarding Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.90M
Blend (final)
Blend
$10.90M
Owner & transaction history
Westporte Spe LLC · 9 yrs held
Westporte Spe LLC
since 2017
2 recorded transactions
Zoning & alternative use
C-2 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$17.6M
+64.8%
Office building
$12.8M
+20.4%
Commercial (general)
$12.3M
+15.4%
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
RETAIL STORES
$10,660,000
Current use
AUTO REPAIR, GARAGE
$17,570,000
Change: +65% · Conversion: Difficult
OFFICE BUILDING
$12,835,000
Change: +20% · Conversion: Easy
COMMERCIAL (GENERAL)
$12,295,000
Change: +15% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$11,590,000
Change: +9% · Conversion: Moderate
MEDICAL BUILDING
$9,195,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$10.90M
Range $9.81M – $11.99M · ±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
$272 / 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
$89,003
Tax year 2023
Assessed value
$1,180,213
Assessed 2024
Previous assessed
$1,000,093
+18.0% YoY
Effective rate
7.54%
On assessed value
Land market value
$857,600
Improvement market value
$6,295,209
Total market value
$7,152,809
Applied tax rate
110,700.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
40,106 SF
Lot
4.36 ac (189,861 SF)
Zoning code
C-2
APN
143-12-977C
UPID
US07-1576929
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
RETAIL STORES Current
Est. value
$10.7M
AUTO REPAIR, GARAGE
Est. value
$17.6M
OFFICE BUILDING
Est. value
$12.8M
COMMERCIAL (GENERAL)
Est. value
$12.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.6M
MEDICAL BUILDING
Est. value
$9.2M
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
4.36 ac
Current owner
From public records · entity-resolved
Westporte Spe LLC
Entity
Mailing address
18881 VON KARMAN AVE STE #800, IRVINE, CA 92612-1571
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2017
$9,000,000
Westporte Spe LLC
Pdg America Properties LLC
Special Warranty Deed
$5,900,000 · Mutual Of Omaha Bank
Nov 16, 2006
—
Pdg America Properties LLC
Pdg America Properties LLC
Quit Claim Deed
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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