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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Commercial land
6848 Grand Ave Glendale, AZ 85301-1028
Individually Owned
2-yr Hold
Free & Clear
Property ID
US07-1342610
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1942
Total area
656 SF
Lot
1.75 ac (76,230 SF)
Zoning code
I-1
APN
143-23-027A
UPID
US07-1342610
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$330k
Blend (final)
Blend
$525k
Owner & transaction history
American First Federal Credit Union · 2 yrs held
American First Federal Credit Union
since 2023
Last sale
$720,000
7 recorded transactions
Zoning & alternative use
I-1 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $720k (Nov 27 2023)
Last sale anchor
$720k
Nov 27 2023
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
$800 / 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
$4,463
Tax year 2023
Assessed value
$93,615
Assessed 2024
Previous assessed
$82,155
+13.9% YoY
Effective rate
4.77%
On assessed value
Land market value
$624,100
Total market value
$624,100
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1942
Heating
NONE
Total area
656 SF
Lot
1.75 ac (76,230 SF)
Zoning code
I-1
APN
143-23-027A
UPID
US07-1342610
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Glendale, AZZoning I-1 · permitted uses
I-1 · Glendale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1942
Heating
NONE
Lot
1.75 ac
Current owner
From public records · entity-resolved
American First Federal Credit Union
Individual
Free & Clear · 2 yrs held
Mailing address
444 SEABREEZE BLVD, DAYTONA BEACH, FL 32118-3958
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2023
—
American First Federal Credit Union
Safstor Grand LLC
Assignment Of Lease (leasehold Sale)
related
—
Nov 22, 2023
—
Safstor Grand LLC
Safstor Grand LLC
Intrafamily Transfer
related
$11,542,209 · America First FCU
Mar 2, 2020
$720,000
Lilia Figueroa
Abundio Cedillo
Warranty Deed
$390,000 · Abundio Cedillo
Mar 2, 2020
—
Abundio Cedillo
Mihai Posteuca
Correction Deed
related
—
Dec 8, 2014
$400,000
Abundio Cedillo
Posteuca,mihai & Maria
Grant Deed
$360,000 · Mihai & Maria Posteuca
May 22, 2001
—
Vern Eagle
Premo,betty J & Seymour
Quit Claim Deed
related
—
Aug 19, 1998
—
Eagle Trust
Eagle,vern L
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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