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Property profile & analytics
OFF-MARKET
Estimated value
$3,715,000
Flex space
7115 110th Ave Ste 103, Glendale, AZ 85307-1813
Individually Owned
2-yr Hold
Free & Clear
Property ID
US07-1940487
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2007
Construction
CONCRETE
Total area
19,330 SF
Lot
0.06 ac (2,645 SF)
Zoning code
M-1
APN
142-59-083
UPID
US07-1940487
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
$3.72M
CAP Approach
CAP
$2.34M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.72M
Owner & transaction history
Jack W Popoff · 2 yrs held
Jack W Popoff
since 2024
Last sale
$3.7M
4 recorded transactions
Zoning & alternative use
M-1 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.2M
+115.9%
Commercial (general)
$5.9M
+106.8%
Neighborhood: shopping center
$5.6M
+94.9%
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
$3,715,000
ML approach
$3,715,000
CAP Approach
CAP Return
Estimation
6%
$2,535,000
6.5%
$2,340,000
7%
$2,175,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,865,000
Current use
OFFICE BUILDING
$6,185,000
Change: +116% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,925,000
Change: +107% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,585,000
Change: +95% · Conversion: Difficult
RETAIL STORES
$5,135,000
Change: +79% · Conversion: Moderate
MEDICAL BUILDING
$4,435,000
Change: +55% · Conversion: Difficult
Blend value · Realmo final
$3.72M
Range $3.34M – $4.09M · ±10% · vs last sale $3.72M (May 2 2024)
Last sale anchor
$3.72M
May 2 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
$192 / 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
$4,933
Tax year 2023
Assessed value
$84,282
Assessed 2024
Previous assessed
$84,282
+0.0% YoY
Effective rate
5.85%
On assessed value
Land market value
$102,100
Improvement market value
$408,700
Total market value
$510,800
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 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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
19,330 SF
Lot
0.06 ac (2,645 SF)
Zoning code
M-1
APN
142-59-083
UPID
US07-1940487
Jurisdiction
MARICOPA
Zoning & alternative use
M-1 · Glendale, AZ
Zoning M-1 · permitted uses
M-1 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$2.9M
OFFICE BUILDING
Est. value
$6.2M
COMMERCIAL (GENERAL)
Est. value
$5.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.6M
RETAIL STORES
Est. value
$5.1M
MEDICAL BUILDING
Est. value
$4.4M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
0.06 ac
Current owner
From public records · entity-resolved
Jack W Popoff
Individual
Free & Clear · 2 yrs held
Mailing address
7714 N CALLE CABALLEROS, PARADISE VALLEY, AZ 85253-3144
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2024
$3,715,000
Jack W Popoff
7115 N 110th LLC
Special Warranty Deed
—
Jul 26, 2019
$2,500,000
7115 N 110th LLC
Denali National Trust Xix
Trustees Deed
$2,250,000 · Denali Nat'l Tr Xix LLC
Nov 15, 2013
$1,127,800
Denali National Trust Xix LLC
Business Condos 20 LLC
Grant Deed
—
Mar 16, 2007
—
Business Condos 20 LLC
Owner Name Unavailable
Grant 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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