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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Industrial properties
7383 Litchfield Rd, Glendale, AZ 85309-1500
Entity Owned
Free & Clear
Property ID
US07-1054069
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1997
Construction
CONCRETE
Total area
2,520 SF
Lot
631.19 ac (27,494,636 SF)
Zoning code
LUKE_AFB
APN
501-51-001
UPID
US07-1054069
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
-
Marketing and Publicity Air Force Base
-
Rio Salado College Luke AFB Community College
-
Webster University Vocational School Training Center
-
Luke Block House Training Center Tutoring Service
-
G-Force Cafe Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$535k
Blend (final)
Blend
$535k
Owner & transaction history
UNITED STATES AMERICA
UNITED STATES AMERICA
Zoning & alternative use
LUKE_AFB · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$805,000
+115.9%
Commercial (general)
$770,000
+106.8%
Neighborhood: shopping center
$730,000
+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)
$375,000
Current use
OFFICE BUILDING
$805,000
Change: +116% · Conversion: Difficult
COMMERCIAL (GENERAL)
$770,000
Change: +107% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$730,000
Change: +95% · Conversion: Difficult
RETAIL STORES
$670,000
Change: +79% · Conversion: Moderate
MEDICAL BUILDING
$580,000
Change: +55% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$212 / 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
Assessed value
$27,583,035
Assessed 2024
Previous assessed
$24,202,950
+14.0% YoY
Land market value
$48,115,600
Improvement market value
$135,771,300
Total market value
$183,886,900
Applied tax rate
890,700.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1997
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
112
Stories
1
Units
112
Total area
2,520 SF
Lot
631.19 ac (27,494,636 SF)
Zoning code
LUKE_AFB
APN
501-51-001
UPID
US07-1054069
Jurisdiction
MARICOPA
Zoning & alternative use
LUKE_AFB · Glendale, AZ
Zoning LUKE_AFB · permitted uses
LUKE_AFB · 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
$375,000
OFFICE BUILDING
Est. value
$805,000
COMMERCIAL (GENERAL)
Est. value
$770,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$730,000
RETAIL STORES
Est. value
$670,000
MEDICAL BUILDING
Est. value
$580,000
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
1997
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
112
Units
112
Lot
631.19 ac
Current owner
From public records · entity-resolved
UNITED STATES AMERICA
Individual
Free & Clear · 0 yrs held
Mailing address
10 CAMPUS BLVD, NEWTOWN SQUARE, PA 19073-3200
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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