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Property profile & analytics
OFF-MARKET
Estimated value
$66,180,000
Showrooms
7401 Reems Rd Litchfield Park, AZ 85340-9636
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0149095
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2022
Total area
634,560 SF
Lot
36.84 ac (1,604,636 SF)
APN
501-50-002K
UPID
US07-0149095
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$69.51M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$66.18M
Owner & transaction history
Arizona Glendale Green LLC · 4 yrs held
Arizona Glendale Green LLC
since 2022
Last sale
$65.3M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Litchfield Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Litchfield Park 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
$64,705,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$75,300,000
6.5%
$69,510,000
7%
$64,545,000
Blend value · Realmo final
$66.18M
Range $59.56M – $72.80M · ±10% · vs last sale $65.25M (Jun 30 2022)
Last sale anchor
$65.25M
Jun 30 2022
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
$104 / 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
$556,536
Tax year 2023
Assessed value
$11,754,171
Assessed 2024
Previous assessed
$11,754,171
+0.0% YoY
Effective rate
4.73%
On assessed value
Land market value
$6,909,200
Improvement market value
$64,328,200
Total market value
$71,237,400
Applied tax rate
790,702.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2022
Stories
1
Total area
634,560 SF
Lot
36.84 ac (1,604,636 SF)
APN
501-50-002K
UPID
US07-0149095
Jurisdiction
MARICOPA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2022
Stories
1
Lot
36.84 ac
Current owner
From public records · entity-resolved
Arizona Glendale Green LLC
Entity
Mailing address
8737 WILSHIRE BLVD, BEVERLY HILLS, CA 90211-2701
Ownership since
2022
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
Jun 30, 2022
$65,250,000
Arizona Glendale Green LLC
The Cubes At Glendale Building D Ll
Special Warranty Deed
$50,000,000 · Umpqua Bank
Nov 24, 2021
$10,007,093
The Cubes At Glendale Building E Ll
The Cubes At Glendale Building D Ll
Special Warranty Deed
related
$47,400,000 · Commerce Bank
Jul 12, 2021
$20,483,546
The Cubes At Glendale Building D Ll
The Cubes At Glendale LLC
Special Warranty Deed
$42,616,455 · Commerce 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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