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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Warehouses
7325 109th Ave Glendale, AZ 85307-1742
Individually Owned
8-yr Hold
Free & Clear
Property ID
US07-0123455
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Construction
CONCRETE
Total area
7,500 SF
Lot
0.81 ac (35,224 SF)
Zoning code
M-1
APN
142-59-047
UPID
US07-0123455
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
-
Last Detail Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$1.20M
Owner & transaction history
Mansour Balakhanch · 8 yrs held
Mansour Balakhanch
since 2018
7 recorded transactions
Zoning & alternative use
M-1 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
or area of any accessory building or structure shall not exceed 50% of the building footprint of the principal building. Exception. This provision shall not apply to the following zoning districts: A-1, RR-45, C-3, B-P, M-1, and M-2. 4. Accessory buildings and structures, including tool/storage sheds, shall be included in lot coverage calculations for all zo…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
1,974.74 ac
Top alternative use upside
Retail stores
$2.0M
+309.5%
Medical building
$1.7M
+253.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,995,000
Change: +310% · Conversion: Moderate
MEDICAL BUILDING
$1,720,000
Change: +253% · Conversion: Difficult
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10%
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
$160 / 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
$10,730
Tax year 2023
Assessed value
$234,680
Assessed 2024
Previous assessed
$181,900
+29.0% YoY
Effective rate
4.57%
On assessed value
Land market value
$224,800
Improvement market value
$1,197,500
Total market value
$1,422,300
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
2001
Construction
CONCRETE
Heating
NONE
Cooling
EVAPORATIVE
Stories
1
Total area
7,500 SF
Lot
0.81 ac (35,224 SF)
Zoning code
M-1
APN
142-59-047
UPID
US07-0123455
Jurisdiction
MARICOPA
Zoning & alternative use
M-1 · Glendale, AZZoning 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
Zoning description
or area of any accessory building or structure shall not exceed 50% of the building footprint of the principal building. Exception. This provision shall not apply to the following zoning districts: A-1, RR-45, C-3, B-P, M-1, and M-2. 4. Accessory buildings and structures, including tool/storage sheds, shall be included in lot coverage calculations for all zoning districts. What are the exceptions for Accessory Building and Structures? 1. M
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
1,974.74 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.7M
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
2001
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.81 ac
Current owner
From public records · entity-resolved
Mansour Balakhanch
Individual
Free & Clear · 8 yrs held
Mailing address
17202 LYNN LN, HUNTINGTON BEACH, CA 92649-4306
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2018
$725,000
Mansour Balakhanch
Waknine,eli & Diane
Warranty Deed
—
Jul 5, 2018
—
Mansour Balahanesh
Balakhaneh,rosa A
Quit Claim Deed
related
—
Feb 28, 2006
$995,000
Eli Waknine
Doe,raymond F & Karen J
Warranty Deed
—
Mar 31, 2005
$805,000
Raymond F Doe
Moran Contracting & Development
Warranty Deed
$555,000 · Sir Mortgage & Finance Of Arizona I
Aug 22, 2001
$100,000
Moran Contracting
Tdh Investments LLC
Grant Deed
$415,000 · Fifth Third Bank Southwest Fsb
Aug 22, 2000
$75,000
Tdh Investments LLC
Barone,keith L & Norene K
Grant Deed
—
Sep 2, 1997
$52,836
Keith L Barone
Glen L L C
Grant Deed
—
Mar 26, 1996
$4,772,115
Glen Harbor Associates L L C
Glen Harbor Joint Venture
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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