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Property profile & analytics
OFF-MARKET Estimated value $525,000
Flex space

7018 57th Ave Glendale, AZ 85301-2518

6,822 SF 0.16 ac lot Built 1960
Entity Owned 6-yr Hold Free & Clear
Property ID
US07-1512406
Property summary
AI-generated overview

This exceptional freestanding retail property, located at 7018 N 57th Ave in Glendale, Arizona (85301), offers 6,822 square feet of space on a 0.17-acre lot. Built in 1989, the building is zoned GCO and features a single tenant occupancy. Its prime location at the intersection of 57th Ave and Glendale Ave places it in the heart of Historic Downtown Glendale, benefiting from over 1.6 million yearly visitors to the area. The property enjoys close proximity to a vibrant commercial district boasting over 150 unique shops, boutiques, restaurants, and services. Furthermore, its strategic location near the Glendale Civic Center, the recently renovated ($70 million) Glendale City Hall, Murphy Park, and a popular outdoor concert venue (hosting 150+ performances annually) ensures high visibility and foot traffic. The future development of a Hilton LivSmart Studios nearby further enhances the property's long-term investment potential. The APN is 147-25-150. This is a rare opportunity to acquire a well-situated retail space in a thriving and rapidly developing area.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1960
Construction CONCRETE
Total area 6,822 SF
Lot 0.16 ac (7,000 SF)
Zoning code PR
APN 147-25-150
UPID US07-1512406
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
  • C+D Industry Production Facility Furniture & Home Goods
  • Saint Vincent De Paul Society - Glendale - Food Distribution Center Food Bank Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$527k
Blend (final) Blend
$525k
Owner & transaction history
Penny Lake LLC · 6 yrs held
Penny Lake LLC
since 2020
4 recorded transactions
2023
Price N/A
2020
Price N/A
2018
$25,000
2009
Price N/A
Zoning & alternative use
PR · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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