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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Office buildings
7612 71st Ave Glendale, AZ 85303-1707
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US07-0326947
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Construction
CONCRETE
Total area
1,820 SF
Lot
0.67 ac (29,185 SF)
Zoning code
M-1
APN
143-25-045
UPID
US07-0326947
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
-
A P Fire Protection General Contractor Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.07M
Owner & transaction history
Jt5k Holdings INC · 7 yrs held
Jt5k Holdings INC
since 2018
7 recorded transactions
Zoning & alternative use
M-1 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$795,000
+36.9%
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
AUTO REPAIR, GARAGE
$795,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±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
$585 / 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
$9,711
Tax year 2022
Assessed value
$118,993
Assessed 2024
Previous assessed
$102,442
+16.2% YoY
Effective rate
8.16%
On assessed value
Land market value
$239,300
Improvement market value
$481,868
Total market value
$721,168
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
1,820 SF
Lot
0.67 ac (29,185 SF)
Zoning code
M-1
APN
143-25-045
UPID
US07-0326947
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
AUTO REPAIR, GARAGE
Est. value
$795,000
AUTO REPAIR, GARAGE
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
2001
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.67 ac
Current owner
From public records · entity-resolved
Jt5k Holdings INC
Entity
Mailing address
7612 N 71ST AVE, GLENDALE, AZ 85303-1707
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2023
—
Jt5k Holdings Incorporated
—
Deed
related
$1,659,000 · Pacific Western National Bank
Nov 27, 2018
$530,000
Jt5k Holdings INC
Trh Properties LLC
Grant Deed
$537,000 · Capitalsource
May 15, 2012
$205,000
Trh Properties LLC
Lucio,jose H & Martha B
Grant Deed
—
Feb 26, 2002
—
Jose H Lucio
J H Masonry LLC
Grant Deed
$10,000 · Ray Leman Self Ira #68-2532-00
Mar 16, 1999
$72,970
J H Masonry LLC
Childress,ronald & Irene
Grant Deed
$58,372 · Seller
Sep 24, 1997
$125,000
Ronald A Childress
Tate Trust
Grant Deed
$120,000 · Kurt Scheider
May 20, 1993
$197,022
Tate Family LP
Tate SR
Quit Claim Deed
related
—
—
—
Jose H Lucio
—
Deed Of Trust
related
$250,000 · American Savings Life Ins
—
—
Ronald A Childress
—
Deed Of Trust
related
$120,000 · Bank One Arizona
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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