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Property profile & analytics
OFF-MARKET
Estimated value
$7,575,000
Flex space
7400 Gln Hbr Blvd, Glendale, AZ 85307-1811
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-0890800
Property summary
AI-generated overview
This ±37,540 square foot industrial building presents a compelling investment opportunity in Glendale, Arizona. Situated on a 4.46-acre lot, this single-story structure boasts a 24-foot clear ceiling height, ideal for various manufacturing, research & development, or warehousing operations. The property features three grade-level loading docks, significantly enhancing operational efficiency. Power is robust, with 1,600 amps, 277/480V service, offering expansion potential. The building includes approximately 5,940 square feet of office space, providing ample administrative area. Extensive outdoor storage is available, complemented by a concrete truck court and parking for improved logistics. Thirty-two covered parking spaces are also provided for employee convenience. The property benefits from I-1 zoning within Maricopa County, offering flexibility for a range of industrial uses. Natural gas service is available on-site. The evaporative cooling system contributes to efficient climate control within the warehouse. This exceptional property is located at 7400 N. Glen Harbor Blvd, Glendale, AZ 85307. Contact us today to explore this outstanding opportunity.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1996
Construction
CONCRETE
Total area
30,000 SF
Lot
6.46 ac (281,228 SF)
Zoning code
M-1
APN
142-59-051
UPID
US07-0890800
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
-
Proto-Vest Dryers Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.37M
Blend (final)
Blend
$7.58M
Owner & transaction history
Lyne Realty LP · 1 yrs held
Lyne Realty LP
since 2025
Last sale
$8.8M
3 recorded transactions
Zoning & alternative use
M-1 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$9.6M
+115.9%
Commercial (general)
$9.2M
+106.8%
Neighborhood: shopping center
$8.7M
+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
OFFICE BUILDING
$9,600,000
Change: +116% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,195,000
Change: +107% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,670,000
Change: +95% · Conversion: Difficult
RETAIL STORES
$7,975,000
Change: +79% · Conversion: Moderate
MEDICAL BUILDING
$6,880,000
Change: +55% · Conversion: Difficult
Blend value · Realmo final
$7.58M
Range $6.82M – $8.33M · ±10% · vs last sale $8.78M (Mar 2 2025)
Last sale anchor
$8.78M
Mar 2 2025
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
$253 / 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
$44,864
Tax year 2023
Assessed value
$979,166
Assessed 2024
Previous assessed
$801,084
+22.2% YoY
Effective rate
4.58%
On assessed value
Land market value
$1,415,900
Improvement market value
$4,582,800
Total market value
$5,998,700
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1996
Construction
CONCRETE
Heating
NONE
Cooling
EVAPORATIVE
Buildings
2
Stories
1
Units
2
Total area
30,000 SF
Lot
6.46 ac (281,228 SF)
Zoning code
M-1
APN
142-59-051
UPID
US07-0890800
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
OFFICE BUILDING
Est. value
$9.6M
COMMERCIAL (GENERAL)
Est. value
$9.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.7M
RETAIL STORES
Est. value
$8.0M
MEDICAL BUILDING
Est. value
$6.9M
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
1996
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
6.46 ac
Current owner
From public records · entity-resolved
Lyne Realty LP
Entity
Mailing address
1828 W DAWSON RD, MILFORD, MI 48380-4154
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2025
$8,775,000
Lyne Realty LP
Mc3 Holdings INC
Special Warranty Deed
$7,565,000 · Bokf NA
Aug 28, 2023
—
Mc3 Holdings INC
Proto Vest Incorporated
Special Warranty Deed
—
Oct 29, 1993
$275,000
Proto-vest INC
Glen Harbor Jt V
Grant Deed
—
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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