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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Warehouses
7838 68th Ave Glendale, AZ 85303-1315
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US07-2659167
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Construction
CONCRETE
Total area
4,000 SF
Lot
0.44 ac (18,972 SF)
Zoning code
I-2
APN
143-24-033
UPID
US07-2659167
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
-
Elegant Granite Inc Kitchen & Bath Showroom Hardware & Home Improvement
-
World Of Elegance Inc, Kitchen & Bath Showroom Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$593k
Blend (final)
Blend
$595k
Owner & transaction history
Pml Holdings LLC · 9 yrs held
Pml Holdings LLC
since 2016
7 recorded transactions
Zoning & alternative use
I-2 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$915,000
+253.4%
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
MEDICAL BUILDING
$915,000
Change: +253% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±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
$149 / 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
$6,825
Tax year 2023
Assessed value
$103,406
Assessed 2024
Previous assessed
$103,406
+0.0% YoY
Effective rate
6.60%
On assessed value
Land market value
$170,300
Improvement market value
$456,400
Total market value
$626,700
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
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
4,000 SF
Lot
0.44 ac (18,972 SF)
Zoning code
I-2
APN
143-24-033
UPID
US07-2659167
Jurisdiction
MARICOPA
Zoning & alternative use
I-2 · Glendale, AZZoning I-2 · permitted uses
I-2 · Glendale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$915,000
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
1988
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Pml Holdings LLC
Entity
Mailing address
7838 N 68TH AVE, GLENDALE, AZ 85303-1315
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2016
—
Pml Holdings LLC
Mike Man
Warranty Deed
$250,000 · Midfirst Bank
Aug 15, 2006
$530,000
Mike Man
Envirotech Group INC
Grant Deed
$340,000 · Western Security Bank
Jul 7, 2004
$280,000
Envirotech Group INC
Broich,thomas L & Dorothy A
Grant Deed
related
$265,000 · Pacific Capital Bank NA
Jul 9, 2003
—
Thomas L Broich
Acr Service INC
Quit Claim Deed
related
—
May 25, 1993
—
Acr Service INC
Broich
Grant Deed
related
—
Jun 10, 1988
$153,000
Thomas L Broich
Blauv
Grant Deed
related
$133,000
Mar 1, 1988
$275,000
Vincent Blauvelt
Pulic
Grant Deed
related
—
Dec 1, 1987
$175,000
William A Pulice
Maya
Grant Deed
related
—
—
—
Acr Service INC
—
Deed Of Trust
related
$100,000 · Arrowhead Community Bank
—
—
Vincent Blauvelt
—
Deed Of Trust
related
$100,000
—
—
Acr Service INC
—
Deed Of Trust
related
$30,000 · Arrowhead Community Bank
—
—
Thomas L Broich
—
Deed Of Trust
related
$103,246 · Arrowhead Community Bank
—
—
Envirotech Group INC
—
Deed Of Trust
related
$50,633 · Bank Of America
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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