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Property profile & analytics
OFF-MARKET
Estimated value
$50,130,000
Individual retail properties
8150 61st Ave Glendale, AZ 85302-6764
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-1499074
Property profile
Verified
Property type
Individual retail properties
Use group
LAUNDROMAT (SELF-SERVICE)
Year built
1988
Construction
STEEL FRAME
Total area
865 SF
Lot
16.89 ac (735,772 SF)
Zoning code
R-4
APN
143-17-010C
UPID
US07-1499074
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
-
Grand Canyon university University
-
Solas Glendale Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$50.13M
Owner & transaction history
Rh Northern Green Owner LLC · 5 yrs held
Rh Northern Green Owner LLC
since 2020
Last sale
$55.5M
7 recorded transactions
Zoning & alternative use
R-4 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$57,954 / 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
$222,828
Tax year 2023
Assessed value
$7,807,950
Assessed 2024
Previous assessed
$5,847,430
+33.5% YoY
Effective rate
2.85%
On assessed value
Land market value
$15,311,300
Improvement market value
$62,768,200
Total market value
$78,079,500
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 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
Individual retail properties
Use group
LAUNDROMAT (SELF-SERVICE)
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
17
Stories
1
Units
420
Total area
865 SF
Lot
16.89 ac (735,772 SF)
Zoning code
R-4
APN
143-17-010C
UPID
US07-1499074
Jurisdiction
MARICOPA
Zoning & alternative use
R-4 · Glendale, AZ
Zoning R-4 · permitted uses
R-4 · 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.
Building & site characteristics
From public records
Year built
1988
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
17
Units
420
Lot
16.89 ac
Current owner
From public records · entity-resolved
Rh Northern Green Owner LLC
Entity
Mailing address
12230 EL CAMINO REAL STE #340, SAN DIEGO, CA 92130-2090
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
39 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2020
$55,500,000
Rh Northern Green Owner LLC
Rknga1 LLC
Special Warranty Deed
$41,625,000 · Pgim Real Estate Finance LLC
Dec 17, 2014
$623,424
Rknga 29 LLC
Rk Nthrn Greens Apartments
Grant Deed
—
Dec 16, 2014
$550,080
Rknga 21 LLC
Rk Nthrn Greens Apartments
Grant Deed
—
Nov 25, 2014
$366,720
Rknga 26 LLC
Rk Nthrn Greens Apartments
Grant Deed
—
Nov 20, 2014
$528,741
Rknga 20 LLC
Rk Nthrn Greens Apartments
Grant Deed
—
Nov 20, 2014
$366,720
Rknga 26 LLC
Rk Nthrn Greens Apartments
Grant Deed
—
Nov 20, 2014
$1,032,103
Rknga 28 LLC
Rk Nthrn Greens Apartments
Grant Deed
—
Oct 22, 2014
$1,100,161
Rknga 11 LLC
Rk Nthrn Greens Apartments
Grant Deed
—
Oct 22, 2014
$513,981
Rknga 23 LLC
Rk Nthrn Greens Apartments
Grant Deed
—
Oct 22, 2014
$1,076,691
Rknga 17 LLC
Rk Nthrn Greens Apartments
Grant Deed
—
Oct 22, 2014
$687,600
Rknga 25 LLC
Rk Nthrn Greens Apartments
Grant Deed
—
Oct 22, 2014
$412,560
Rknga 24 LLC
Rk Nthrn Greens Apartments
Grant Deed
—
Oct 22, 2014
$611,350
Rknga 10 LLC
Rk Nthrn Greens Apartments
Grant Deed
—
Oct 10, 2014
$776,597
Rknga 8 LLC
Rk Nthrn Greens Apartments LLC
Grant Deed
—
Oct 1, 2014
$928,265
Rknga 13 LLC
Rk Nthrn Greens Apartments
Grant Deed
—
Oct 1, 2014
$379,555
Rknga 15 LLC
Rk Nthrn Greens Apartments
Grant Deed
—
Sep 30, 2014
$940,632
Rknga 12 LLC
Rk Nthrn Greens Apartments
Grant Deed
—
Sep 30, 2014
$550,081
Rknga 14 LLC
Rk Nthrn Greens Apartments
Grant Deed
—
Sep 30, 2014
$613,657
Rknga 19 LLC
Rk Nthrn Greens Apartments
Grant Deed
—
Sep 30, 2014
$366,720
Rknga 18 LLC
Rk Nthrn Greens Apartments
Grant Deed
—
Sep 30, 2014
$567,325
Rknga 16 LLC
Rk Nthrn Greens Apartments
Grant Deed
—
Sep 30, 2014
$494,667
Rknga 22 LLC
Rk Nthrn Greens Apartments
Grant Deed
—
Sep 12, 2014
$776,597
Rknga8 LLC
Rk Nthrn Greens Apartments
Grant Deed
—
Sep 8, 2014
$726,106
Rknga 3 LLC
Rk Nthrn Greens Apartments
Grant Deed
—
Sep 8, 2014
$912,205
Rknga 5 LLC
Rk Nthrn Greens Apartments
Grant Deed
—
Sep 8, 2014
$544,726
Rknga 6 LLC
Rk Nthrn Greens Apartments
Grant Deed
—
Sep 8, 2014
$440,064
Rknga 7 LLC
Rk Nthrn Greens Apartments
Grant Deed
—
Sep 8, 2014
$366,720
Rknga 4 LLC
Rk Nthrn Greens Apartments
Grant Deed
—
Sep 8, 2014
$210,427
Rknga 9 LLC
Rk Nthrn Greens Apartments
Grant Deed
—
Jul 30, 2014
$742,609
Rknga2 LLC
Rk Nthrn Greens Apartments
Grant Deed
—
Jul 30, 2014
$916,800
Rknga1 LLC
Rk Nthrn Greens Apartments
Grant Deed
—
Jul 30, 2014
—
Pt Northern Greens LLC
Rk Nthrn Greens Apartments LLC
Grant Deed
related
—
Jul 29, 2014
$2,924,594
Pt Northern Greens LLC
Rk Nthrn Greens Apartments
Grant Deed
—
Jun 4, 2014
$21,200,000
Rk Northern Greens Apartments LLC
Ga Northern Greens LLC
Special Warranty Deed
$11,750,000 · Bb&t Real Estate Funding LLC
Jun 3, 2010
—
Ga Northern Greens LLC
Hc Florida Of Northern Greens INC
Grant Deed
related
—
Nov 7, 2003
$15,000,000
Cfs Northern Greens LP
Range Line LLC
Grant Deed
—
Mar 25, 1998
$10,000,000
Range Line LLC
Northern Greens Assoc
Grant Deed
—
—
—
Greens Northern
—
Deed Of Trust
related
$9,900,000 · Great American Fed'l Savings
—
—
Ga Northern Greens LLC
—
Deed Of Trust
related
$10,850,000 · Principal Life Insurance Co
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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