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Property profile & analytics
OFF-MARKET
Estimated value
$1,595,000
Flex space
7333 Carole Ln, Glendale, AZ 85303-1649
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US07-0301253
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1988
Construction
STEEL FRAME
Total area
7,500 SF
Lot
0.48 ac (21,075 SF)
Zoning code
M-1
APN
143-25-015
UPID
US07-0301253
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
-
Western Towing Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$1.60M
Owner & transaction history
Carole Lane 7333 LLC · 17 yrs held
Carole Lane 7333 LLC
since 2009
7 recorded transactions
Zoning & alternative use
M-1 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.4M
+115.9%
Commercial (general)
$2.3M
+106.8%
Neighborhood: shopping center
$2.2M
+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
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
INDUSTRIAL (GENERAL)
$1,110,000
Current use
OFFICE BUILDING
$2,400,000
Change: +116% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,300,000
Change: +107% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,165,000
Change: +95% · Conversion: Difficult
RETAIL STORES
$1,995,000
Change: +79% · Conversion: Moderate
MEDICAL BUILDING
$1,720,000
Change: +55% · Conversion: Difficult
Blend value · Realmo final
$1.60M
Range $1.44M – $1.75M · ±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
$213 / 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
$9,203
Tax year 2023
Assessed value
$181,880
Assessed 2024
Previous assessed
$142,103
+28.0% YoY
Effective rate
5.06%
On assessed value
Land market value
$185,100
Improvement market value
$917,200
Total market value
$1,102,300
Applied tax rate
400,700.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1988
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
7,500 SF
Lot
0.48 ac (21,075 SF)
Zoning code
M-1
APN
143-25-015
UPID
US07-0301253
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
$1.1M
OFFICE BUILDING
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
RETAIL STORES
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.7M
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
1988
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Carole Lane 7333 LLC
Entity
Mailing address
3821 CALLE FORTUNADA A STE A, SAN DIEGO, CA 92123-4811
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2024
—
Carole Lane 7333 LLC
—
Deed
related
$261,140 · Comerica Bank
May 2, 2019
—
Carole Lane 7333 LLC
—
Deed
related
$545,722 · Comerica Bk
Apr 10, 2009
$843,900
Carole Lane 7333 LLC
Burns,george M
Warranty Deed
—
Oct 23, 2002
$525,000
George M Burns
Sanders,tr
Grant Deed
$445,000 · Robert L & Helen T Sanders
Jun 8, 1993
—
Robert,l & Helen T Sanders Trust
Sanders
Quit Claim Deed
related
—
Oct 17, 1989
$270,000
Robert L Sanders
Bennett
Grant Deed
—
—
—
Carole Lane 7333 LLC
—
Loan Modification
related
$545,722 · Comerica Bk
—
—
Carole Lane 7333 LLC
—
Loan Modification
related
$545,722 · Comerica Bk
—
—
George M Burns
—
Deed Of Trust
related
$331,984 · Redeemed International Church
—
—
Dave Bennett
—
Deed Of Trust
related
$3,682 · Valley National Bank Arizona
—
—
Carole Lane 7333 LLC
—
Loan Modification
related
$675,120 · Comerica Bank
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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