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Property profile & analytics
OFF-MARKET
Estimated value
$6,980,000
Warehouses
7314 110th Ave Glendale, AZ 85307-2809
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-3310043
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Construction
CONCRETE
Total area
14,938 SF
Lot
1.6 ac (69,566 SF)
Zoning code
I-1
APN
142-59-064
UPID
US07-3310043
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
-
EquipmentShare (Bike/Boat/Book/etc) Store Rental Equipment Company
-
Cliff Co Heavy Equipment Repair & Fab Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.98M
Owner & transaction history
Nnn Reit LP · 2 yrs held
Nnn Reit LP
since 2024
Last sale
$7.0M
7 recorded transactions
Zoning & alternative use
I-1 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.5M
+575.1%
Office building
$4.8M
+393.2%
Commercial (general)
$4.6M
+372.4%
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
$6,980,000
ML approach
$6,980,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$6,545,000
Change: +575% · Conversion: Easy
OFFICE BUILDING
$4,780,000
Change: +393% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,580,000
Change: +372% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,315,000
Change: +345% · Conversion: Moderate
Blend value · Realmo final
$6.98M
Range $6.28M – $7.68M · ±10% · vs last sale $6.98M (Apr 17 2024)
Last sale anchor
$6.98M
Apr 17 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
$467 / 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
$16,510
Tax year 2023
Assessed value
$512,589
Assessed 2024
Previous assessed
$512,589
+0.0% YoY
Effective rate
3.22%
On assessed value
Land market value
$332,300
Improvement market value
$2,774,300
Total market value
$3,106,600
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
14,938 SF
Lot
1.6 ac (69,566 SF)
Zoning code
I-1
APN
142-59-064
UPID
US07-3310043
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
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$6.5M
OFFICE BUILDING
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$4.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
2006
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.6 ac
Current owner
From public records · entity-resolved
Nnn Reit LP
Entity
Mailing address
450 S ORANGE AVE STE #900, ORLANDO, FL 32801-3339
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
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2024
$6,980,000
Nnn Reit LP
Equipmentshare Com INC
Special Warranty Deed
—
Dec 6, 2023
$6,000,000
Equipmentshare Com INC
Reliable Machinery Works LLC
Warranty Deed
—
Jun 3, 2019
$2,100,000
Reliable Machinery Work LLC
Chandler Oakland Street LLC
Special Warranty Deed
$2,591,700 · Midfirst Bank
Apr 14, 2015
$1,500,000
Chandler Oakland Street LLC
Glendale 110 LLC
Special Warranty Deed
$659,000 · Wells Fargo Bank NA
Sep 25, 2006
—
Glendale 110 LLC
Mahony,michael A & Trisha A
Grant Deed
related
—
Aug 3, 2006
$2,060,000
Michael A Mahony
Bar 40 LLC
Grant Deed
—
Sep 26, 2005
—
Bar 40 LLC
—
Trustees Deed
related
$1,260,584 · Wells Fargo Bank
Aug 1, 2005
$323,814
Bar 40 LLC
Schaefer Robert & I Trust
Quit Claim Deed
related
—
Jun 23, 2005
$626,814
Shaefer Robert & Irene Trust
Air Park LLC
Grant Deed
—
Nov 3, 2000
$1,650,000
Air Park LLC
Mts Acquisitions LLC
Grant Deed
—
Aug 6, 1999
$4,866,100
M T S Acquisitions LLC
Fortune America Investment Lt
Grant Deed
—
Jul 14, 1998
$6,500,000
Fortune America Inv Ltd
Q V Properties Corp
Grant Deed
—
Dec 24, 1997
$6,500,000
Q V Properties Corp
Glen Associates L L C
Grant Deed
$1,100,000 · Applied Action Ltd
Mar 26, 1996
$4,772,115
Glen Harbor Associates L L C
Glen Harbor Joint Venture
Grant Deed
related
—
—
—
Glendale 110 LLC
—
Deed Of Trust
related
—
—
—
Glendale 110 LLC
—
Deed Of Trust
related
$500,000 · Us Bank NA
—
—
Glendale 110 LLC
—
Deed Of Trust
related
$848,000 · Cdc Small Business Finance Co
—
—
Glendale 110 LLC
—
Deed Of Trust
related
—
—
—
Glendale 110 LLC
—
Deed Of Trust
related
—
—
—
Glendale 110 LLC
—
Deed Of Trust
related
$500,000 · Us Bank NA
—
—
Glendale 110 LLC
—
Deed Of Trust
related
—
—
—
Glendale 110 LLC
—
Loan Modification
related
—
—
—
Glendale 110 LLC
—
Loan Modification
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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