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    Property profile & analytics

    9040 W Glendale Ave Glendale, AZ 85305

    • Retail space
    • 9,247 SF
    • 1.86 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1600895
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Ve Systems LLC / (Bike/Boat/Book/etc) Store / Corporate Office
    • Monica Morrow McBee, Century 21 Arizona Foothills / Real Estate Agency
    • Lucia Escobedo / Real Estate Agency
    • West Valley Smoke and Vape / (Bike/Boat/Book/etc) Store
    • Westgate smoke and Vape / (Bike/Boat/Book/etc) Store

    Property Details for 9040 W Glendale Ave

    Year built
    2008
    Construction
    CONCRETE
    Lot size
    1.86 lot acres
    Property size
    9,247 SF
    Zone code
    PAD
    Property type
    Retail space
    APN
    142-29-268
    APU
    14229268

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,990,000
      Market price range: $1.21M - $3.99M
      AI Estimate
      $3,990,000
      Market price range: $1.21M - $3.99M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,455,000
      Current use
      AUTO REPAIR, GARAGE
      $4,050,000
      Change: +65% Conversion: Difficult
      OFFICE BUILDING
      $2,960,000
      Change: +20% Conversion: Easy
      COMMERCIAL (GENERAL)
      $2,835,000
      Change: +15% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $2,670,000
      Change: +9% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.253
    Latitude
    33.5382
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $26,614
    $0.00
    $0.00
    $501,534
    -
    $1,155,800
    $1,883,802
    $3,039,602

    Comparable in this City

    • Value Estimation
      $810,000
      1,876 SF

      9345 Glendale Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,876 SF
      9345 Glendale Ave, Glendale, AZ 85305-9400
      View Details
    • Value Estimation
      $750,000
      1,738 SF

      9161 Glendale Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,738 SF
      9161 Glendale Ave, Glendale, AZ 85305-1215
      View Details
    • Value Estimation
      $3,950,000
      2,499 SF

      9208 Glendale Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,499 SF
      9208 Glendale Ave, Glendale, AZ 85305-1152
      View Details
    • Value Estimation
      $1,840,000
      5,838 SF

      5004 95th Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,838 SF
      5004 95th Ave, Glendale, AZ 85305-3042
      View Details
    • Value Estimation
      $3,505,000
      8,124 SF

      9240 Northern Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,124 SF
      9240 Northern Ave, Glendale, AZ 85305-1126
      View Details
    • Value Estimation
      $2,605,000
      7,896 SF

      9835 Northern Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,896 SF
      9835 Northern Ave, Glendale, AZ 85305
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      39,300 SF

      Retail Space Near Loop 101

      Retail space with access and exposure on Loop 101.
      9524 W Camelback Rd, Glendale, AZ 85305
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      239,580 SF

      Glendale Retail Land For Sale

      5.5 acres of retail land in Glendale's Cardinal District.
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      2 SF

      Commercial Pads Available For Sale

      Commercial pads available for purchase, ground lease, or build-to-suit.
      8400 W Camelback Rd, Glendale, AZ 85305
      View Details
    • Contact for pricing
      112,242 SF

      Westgate Area Land Parcel

      Land parcel for sale or lease in Westgate area.
      6580 N 91St Ave, Glendale, AZ 85305
      View Details
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      Commercial Land Near Loop 101

      Land available near Loop 101, VAI Resort, and Mattel Adventure Park.
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      Glendale Commercial Land - AZ

      Prime 112,242 SF commercial lot, flexible zoning.
      6580 91St Ave, Glendale, AZ 85305
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    Similar Nearby for Lease

    • Contact for pricing
      5,428 SF

      Retail Space Near Entertainment District

      Retail space with drive-thru potential, near Westgate Entertainment District.
      9040 W Glendale Ave, Glendale, AZ 85305
      View Details
    • Contact for pricing
      9,273 SF

      Glendale Retail and Entertainment Center

      535,385 SF outdoor lifestyle center in Glendale, Arizona.
      9375 W Coyotes Blvd, Glendale, AZ 85305
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space Near Entertainment District

      Retail space adjacent to residential developments and entertainment venues.
      5840 N 90Th Dr, Glendale, AZ 85305
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space Near Entertainment District

      Retail space adjacent to residential developments and entertainment venues.
      5834 N 90Th Dr, Glendale, AZ 85305
      View Details
    • Contact for pricing
      5,565 SF

      Glendale Retail Space For Rent

      5,565 SF retail space in Glendale's outdoor lifestyle center.
      6770 N Sunrise Blvd, Glendale, AZ 85305
      View Details
    • Contact for pricing
      18,000 SF

      Retail Space on Northern Avenue

      Retail property available for lease off W Northern Ave.
      9220-9350 W Northern Ave, Glendale, AZ 85305
      View Details
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    Glendale, AZ 85305
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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