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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Flex space
7603 73rd Dr, Glendale, AZ 85303-1614
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US07-2948175
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1986
Construction
CONCRETE
Total area
3,100 SF
Lot
0.52 ac (22,489 SF)
Zoning code
M-1
APN
143-25-020
UPID
US07-2948175
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
by Request
Comparable Approach
Comparable
$658k
Blend (final)
Blend
$660k
Owner & transaction history
7603 Property LLC · 12 yrs held
7603 Property LLC
since 2014
4 recorded transactions
Zoning & alternative use
M-1 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$990,000
+115.9%
Commercial (general)
$950,000
+106.8%
Neighborhood: shopping center
$895,000
+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)
$460,000
Current use
OFFICE BUILDING
$990,000
Change: +116% · Conversion: Difficult
COMMERCIAL (GENERAL)
$950,000
Change: +107% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$895,000
Change: +95% · Conversion: Difficult
RETAIL STORES
$825,000
Change: +79% · Conversion: Moderate
MEDICAL BUILDING
$710,000
Change: +55% · Conversion: Difficult
Blend value · Realmo final
$660k
Range $594k – $726k · ±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 2022Property tax & assessments
Tax year 2022
Tax billed
$6,216
Tax year 2022
Assessed value
$94,710
Assessed 2024
Previous assessed
$81,073
+16.8% YoY
Effective rate
6.56%
On assessed value
Land market value
$194,800
Improvement market value
$379,200
Total market value
$574,000
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
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
3,100 SF
Lot
0.52 ac (22,489 SF)
Zoning code
M-1
APN
143-25-020
UPID
US07-2948175
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
$460,000
OFFICE BUILDING
Est. value
$990,000
COMMERCIAL (GENERAL)
Est. value
$950,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$895,000
RETAIL STORES
Est. value
$825,000
MEDICAL BUILDING
Est. value
$710,000
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
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
7603 Property LLC
Entity
Mailing address
PO BOX 10055, GLENDALE, AZ 85318-0055
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2014
—
7603 Property LLC
Flourishing Trust
Grant Deed
—
Sep 10, 2013
—
Kbk Mechanical INC
Stucks Family Trust
Grant Deed
—
Apr 7, 2005
—
Stucks Trust
Cbp
Quit Claim Deed
related
—
Apr 2, 1992
$11,000
C B P Partnershi
Welch
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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