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Property profile & analytics
FOR SALE
Warehouses

7809 N 68Th Ave Glendale, AZ 85303

6,936 SF 0.42 ac lot Built 1988
Entity Owned 5-yr Hold Free & Clear
Property ID
US07-0398723
Property summary
AI-generated overview

This exceptional 0.42-acre Glendale industrial property, located at 7809 N 68TH Avenue Unit 7809, presents a unique investment opportunity. Completely remodeled in 2024, this heavy industrial office warehouse boasts a secure yard, ideal for various business types. The building features five offices, three restrooms, and four spacious warehouse bays, each accessed by 14.5' x 10' wide garage doors. The property is equipped with Phase 3 power, offering significant operational advantages. Its versatile layout allows for owner-user occupancy or the potential to subdivide into three separate tenant spaces, facilitated by three individual meters. The secure yard adds significant value, enhancing storage and operational capabilities. This property is perfectly suited for contractors, manufacturers, repair businesses, or any enterprise requiring a combination of office space, ample warehouse storage, and a secure outdoor area. The building's recent renovation ensures modern amenities and functionality. Potential buyers are responsible for verifying all provided details. Priced at $2,199,000.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1988
Construction CONCRETE
Total area 6,936 SF
Lot 0.42 ac (18,360 SF)
Zoning code I-2
APN 143-24-017
UPID US07-0398723
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
  • Bob's Custom Paint Inc. Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.02M
Comparable Approach Comparable
$895k
Blend (final) Blend
$825k
Owner & transaction history
Dan & Susan Olson LLC · 5 yrs held
Dan & Susan Olson LLC
since 2021
Last sale
$700,000
4 recorded transactions
2021
$700,000
2015
Price N/A
2002
$350,000
1969
Price N/A
Zoning & alternative use
I-2 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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