Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7112 55th Ave Glendale, AZ 85301-2572

    • Office buildings
    • 1,920 SF
    • 0.20 lot acres
    OFF-MARKET
    Last Sale
    Jun 07, 2021
    $390,000
    Value Estimations
    $490,000
    Show details
    Cap Rate Potential
    6.3%
    Office buildings
    Location Intelligence
    Property ID
    US07-2650926
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Law Offices of Gary L Rohlwing / Criminal Justice Attorney / Law Firm
    • Future First Criminal Law / Criminal Justice Attorney / Law Firm
    • Joanne Martone Inc. / Accounting Firm / Accountant

    Property Details for 7112 55th Ave

    Year built
    1978
    Construction
    CONCRETE
    Lot size
    0.20 lot acres
    Property size
    1,920 SF
    Zone code
    C-2
    Property type
    Office buildings
    APN
    147-25-043
    APU
    14725043

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $500,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $525,000
      6.5%
      $485,000
      7%
      $450,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $457,000
      Market price range: $324k - $1.12M
      AI Estimate
      $457,000
      Market price range: $324k - $1.12M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $660,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $555,000
      Change: -16% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.178
    Latitude
    33.5403
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,788
    $0.00
    $0.00
    $51,645
    -
    $87,000
    $226,000
    $313,000

    Comparable in this City

    • Value Estimation by Request
      6,525 SF

      7141 51st Ave

      OFFICE BUILDING • 6,525 SF
      7141 51st Ave, Glendale, AZ 85301-2631
      View Details
    • Value Estimation by Request
      1,408 SF

      6122 55th Ave Ste A

      OFFICE BUILDING • 1,408 SF
      6122 55th Ave Ste A, Glendale, AZ 85301-7792
      View Details
    • Value Estimation by Request
      2,032 SF

      5616 Glendale Ave

      OFFICE BUILDING • 2,032 SF
      5616 Glendale Ave, Glendale, AZ 85301-2525
      View Details
    • Value Estimation by Request
      64,375 SF

      5800 Glenn Dr

      OFFICE BUILDING • 64,375 SF
      5800 Glenn Dr, Glendale, AZ 85301-2468
      View Details
    • Value Estimation by Request
      288 SF

      5039 Tom Murray Ave

      OFFICE BUILDING • 288 SF
      5039 Tom Murray Ave, Glendale, AZ 85301
      View Details
    • Value Estimation by Request
      1,144 SF

      6012 Augusta Ave

      OFFICE BUILDING • 1,144 SF
      6012 Augusta Ave, Glendale, AZ 85301-1234
      View Details

    Similar Nearby for Sale

    • $1,740,000
      7,340 SF

      Oldtown Glendale Multi-Tenant Opportunity

      Multi-tenant retail investment or owner-user property in Oldtown Glendale.
      5601-5609 W Glendale Ave, Glendale, AZ 85301
      View Details
    • $675,000
      2,517 SF

      Free-Standing Building on 51st Avenue

      Single-tenant building with prime visibility, suitable for various uses.
      7927 N 51St Ave, Glendale, AZ 85301
      View Details
    • $399,000

      Signalized Corner Land Opportunity

      Hard corner lot suitable for diverse commercial uses.
      N 67Th Ave, Glendale, AZ 85301
      View Details
    • $4,800,000

      Glendale Industrial Land For Sale

      Industrial land in Glendale, ideal for contractor yard or development.
      55Th Ave, Glendale, AZ 85301
      View Details
    • Contact for pricing

      Retail Pad in Lowe's Center

      Retail pad site with drive-thru potential in Glendale, Arizona.
      5809 W Northern Ave, Glendale, AZ 85301
      View Details
    • $445,000
      0.50 Acres

      Glendale Commercial Land - $445K

      0.5-acre lot, M-1 zoning, high traffic.
      67th Ave & Orangewood Ave, Glendale, AZ 85301
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,163 SF

      Glendale Office Conversion Opportunity

      Potential office conversion opportunity in Glendale, Arizona.
      5830 W Missouri Ave, Glendale, AZ 85301
      View Details
    • $21 SF/Yr
      5,604 SF

      Glendale Executive Office Suites

      Prime Glendale Office Space Available
      7122 59Th Ave, Glendale, AZ 85301
      View Details
    • $1,745 /Mo
      1,331 SF

      Bethany Park Home For Rent

      Light-filled home near parks and restaurants with backyard oasis.
      5819 N 59Th Dr, Glendale, AZ 85301
      View Details
    • $0.90 SF/Yr
      509 SF

      Glendale Warehouse Space Available

      Industrial warehouse space for lease in Glendale, Arizona.
      5214 W Luke Ave, Glendale, AZ 85301
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space with High Visibility

      Retail space with ample parking and high traffic counts.
      5270 N 59Th Ave, Glendale, AZ 85301
      View Details
    • Contact for pricing
      1,136 SF

      Glendale Warehouse Space Available

      Industrial warehouse space for lease in Glendale, Arizona.
      5220 W Luke Ave, Glendale, AZ 85301
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7112 55th Ave
    Glendale, AZ 85301-2572
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.