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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7127 N 45Th Ave Glendale, AZ 85301

    • Residential income homes
    For Sale
    View listing
    $21,570,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-2942832
    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

    • Glendale Express Home HVAC Installers / Air Conditioning System Supplier / Hvac Contractor

    Property Details for 7127 N 45Th Ave

    Property type
    Residential income homes

    Description

    This exceptional Class A multifamily investment opportunity presents 60 townhome-style units spread across seven buildings in the desirable Glendale, Arizona market. Located at 7127 N 45th Avenue, zip code 85301, this property, known as Villas at 45th, offers a compelling blend of modern amenities and convenient location. The asking price is $21,570,000. The community boasts lush landscaping, a tree-lined frontage, and attractive resident amenities including a recreation center, tot lot, and pickleball courts. These features contribute to a high-quality living experience, attracting tenants and maximizing rental income. The townhome design provides low-maintenance living, appealing to a broad range of renters. Its strategic location near historic downtown Glendale ensures easy access to shopping, dining, and numerous parks. This property represents a strong investment in a thriving Arizona market, offering significant potential for long-term growth and return. The 60 units are spread across seven buildings, providing a diversified portfolio. This turnkey investment is ready for an immediate return. The property's attractive features and prime location make it an ideal addition to any investment portfolio. The combination of modern amenities, low-maintenance living, and convenient location positions this property for continued success in the competitive Glendale rental market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.154663
    Latitude
    33.541353

    Comparable in this City

    • $3,900,000
      3.01 Acres

      Glendale Land for Townhome Development

      Land for 60 townhome units with recreation and sports amenities.
      7127 N 45Th Ave, Glendale, AZ 85301
      View Details
    • $1,100,000

      Glendale Multifamily Investment Opportunity

      Well-kept 8-unit property near downtown Glendale.
      6306 W Maryland Ave, Glendale, AZ 85301
      View Details
    • $21,570,000

      Glendale Multifamily Townhome Community

      60-unit townhome-style multifamily residential development with amenities in Glendale, Arizona.
      7127 N 45Th Ave, Glendale, AZ 85301
      View Details
    • $475,000

      Glendale Multifamily Investment Opportunity

      Five-unit multifamily property in Glendale, Arizona, with renovation potential.
      7025 N 66Th Dr, Glendale, AZ 85301
      View Details
    • New
      $635,000

      Glendale Multifamily Property For Sale

      Multifamily property in Glendale with value-add potential.
      7143 N 66Th Dr, Glendale, AZ 85301
      View Details
    • $675,000

      Glendale Fourplex: Investment Opportunity

      Fully occupied Glendale fourplex with consistent rental income.
      7114 N 66Th Dr, Glendale, AZ 85301
      View Details

    Similar Nearby for Sale

    • $3,900,000
      3.01 Acres

      Glendale Land for Townhome Development

      Land for 60 townhome units with recreation and sports amenities.
      7127 N 45Th Ave, Glendale, AZ 85301
      View Details
    • $1,100,000

      Glendale Multifamily Investment Opportunity

      Well-kept 8-unit property near downtown Glendale.
      6306 W Maryland Ave, Glendale, AZ 85301
      View Details
    • $21,570,000

      Glendale Multifamily Townhome Community

      60-unit townhome-style multifamily residential development with amenities in Glendale, Arizona.
      7127 N 45Th Ave, Glendale, AZ 85301
      View Details
    • $475,000

      Glendale Multifamily Investment Opportunity

      Five-unit multifamily property in Glendale, Arizona, with renovation potential.
      7025 N 66Th Dr, Glendale, AZ 85301
      View Details
    • New
      $635,000

      Glendale Multifamily Property For Sale

      Multifamily property in Glendale with value-add potential.
      7143 N 66Th Dr, Glendale, AZ 85301
      View Details
    • $675,000

      Glendale Fourplex: Investment Opportunity

      Fully occupied Glendale fourplex with consistent rental income.
      7114 N 66Th Dr, Glendale, AZ 85301
      View Details

    Similar Nearby for Lease

    • $1,132 /Mo

      Residential Property with Community Amenities

      Apartment in quiet neighborhood with pool, sports court, playground.
      4748 W Sierra Vista Dr, 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
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    • $1,250 /Mo
      1,044 SF

      Glendale Residence with Balcony

      Two-bedroom Glendale residence featuring a balcony and in-unit laundry.
      6134 W Morten Ave, Glendale, AZ 85301
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    • $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
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    • 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
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    Glendale, AZ 85301
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    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
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