Entity Owned 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
Current use
Occupant on record · Public records
-
Air Force Base
-
Community College
-
Vocational School Training Center
-
Training Center Tutoring Service
-
Restaurant
Location
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
Zoning & alternative use
LUKE_AFB · Glendale, AZ
Top alternative use upside
Office building
$805,000
+115.9%
Commercial (general)
$770,000
+106.8%
Neighborhood: shopping center
$730,000
+94.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$535k
Value range
$482k – $589k
±10% around blend
Estimated value / SF
$212 / SF
Confidence
Property data
88
Market benchmarks
67
Comparable evidence
60
$482k
blend $535k
$589k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,520 SF
Lot area
631.19 ac
Year built
1997
Stories
1
APN
501-51-001
Zoning
LUKE_AFB
Assessed value
$27,583,035
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$535k
Range $145k – $535k
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$535k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 45 sales
$148
+43%
County 1188 sales
$230
-8%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $212/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+116%
vs current-use indication
Commercial (general)
Neighborhood: Shopping Center
Retail Stores
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$27.58M
Move the market yield to see immediate price impact.
Value / SF
$10,946
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$1.74M
$34.75M
$24.82M
$19.31M
$1.93M
$38.62M
$27.58M
$21.45M
$2.12M
$42.48M
$30.34M
$23.60M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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, AZZoning LUKE_AFB · permitted uses
LUKE_AFB · Glendale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · 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
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
LUKE_AFB
Jurisdiction
Glendale, AZ
Recorded code
LUKE_AFB
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LUKE_AFB in Glendale, AZ.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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