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Property profile & analytics
OFF-MARKET
Estimated value
$455,000
Retail space
7916 68th Ave Glendale, AZ 85303-1317
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US07-0609437
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1988
Construction
CONCRETE
Total area
1,840 SF
Lot
0.42 ac (18,360 SF)
Zoning code
M-2
APN
143-24-035
UPID
US07-0609437
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
-
Intoxalock Ignition Interlock Building Supply General Contractor
-
Competition Coatings Powder Coating Service Sandblasting Service
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Williams Family Plumbing & HVAC Plumbing Service General Contractor
-
Competition Body & Paint Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$794k
Blend (final)
Blend
$455k
Owner & transaction history
7916 N 68th Avenue LLC · 8 yrs held
7916 N 68th Avenue LLC
since 2017
7 recorded transactions
Zoning & alternative use
M-2 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
f any accessory building or structure shall not exceed 50% of the building footprint of the principal building. Exception. This provision shall not apply to the following zoning districts: A-1, RR-45, C-3, B-P, M-1, and M-2. 4. Accessory buildings and structures, including tool/storage sheds, shall be included in lot coverage calculations for all zoning dist…
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
928.64 ac
Top alternative use upside
Auto repair, garage
$805,000
+64.8%
Office building
$590,000
+20.4%
Commercial (general)
$565,000
+15.4%
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
RETAIL STORES
$490,000
Current use
AUTO REPAIR, GARAGE
$805,000
Change: +65% · Conversion: Difficult
OFFICE BUILDING
$590,000
Change: +20% · Conversion: Easy
COMMERCIAL (GENERAL)
$565,000
Change: +15% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$530,000
Change: +9% · Conversion: Moderate
Blend value · Realmo final
$455k
Range $410k – $501k · ±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
$247 / 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
$7,419
Tax year 2023
Assessed value
$92,722
Assessed 2024
Previous assessed
$77,588
+19.5% YoY
Effective rate
8.00%
On assessed value
Land market value
$166,000
Improvement market value
$395,950
Total market value
$561,950
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1988
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
1
Units
2
Total area
1,840 SF
Lot
0.42 ac (18,360 SF)
Zoning code
M-2
APN
143-24-035
UPID
US07-0609437
Jurisdiction
MARICOPA
Zoning & alternative use
M-2 · Glendale, AZZoning M-2 · permitted uses
M-2 · Glendale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
f any accessory building or structure shall not exceed 50% of the building footprint of the principal building. Exception. This provision shall not apply to the following zoning districts: A-1, RR-45, C-3, B-P, M-1, and M-2. 4. Accessory buildings and structures, including tool/storage sheds, shall be included in lot coverage calculations for all zoning districts. What are the exceptions for Accessory Building and Structures? 1. Movable an
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
928.64 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$490,000
AUTO REPAIR, GARAGE
Est. value
$805,000
OFFICE BUILDING
Est. value
$590,000
COMMERCIAL (GENERAL)
Est. value
$565,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$530,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
Buildings
3
Units
2
Lot
0.42 ac
Current owner
From public records · entity-resolved
7916 N 68th Avenue LLC
Entity
Mailing address
2021 W BUCKEYE RD, PHOENIX, AZ 85009-5936
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2022
—
7916 N 68th Avenue LLC
—
Deed
related
$325,000 · Zb NA
Sep 8, 2017
$480,000
7916 N 68th Avenue LLC
Lautour,lisa A Trust
Grant Deed
$380,000 · Lautour Lisa A Trust (pt)
Aug 18, 2017
—
Lautour,lisa A Trust
—
Deed
related
$5,500 · Sr85 LLC
May 10, 2011
—
Lautour Lisa A Trust
Lautour,lisa A
Quit Claim Deed
related
—
Oct 19, 1998
—
William Lautour
Fegley,erica L
Quit Claim Deed
related
—
Aug 30, 1988
$292,200
7916-68th Avenue
Blauv
Grant Deed
—
Apr 5, 1988
—
Vincent Blauvelt
—
Deed Of Trust
related
—
—
—
William M Lautour
—
Deed Of Trust
related
$250,000 · Camelback Community Bank
—
—
Lautour,lisa A Trust
—
Deed Of Trust
related
$5,500 · Sr85 LLC
—
—
Erica L Fegley
—
Deed Of Trust
related
—
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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