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Property profile & analytics
FOR LEASE
Strip malls
9250 N 43Rd Ave Glendale, AZ 85302
Entity Owned
3-yr Hold
Free & Clear
Property ID
US07-1318640
For Lease
1 / 2
$5,175,000
9250 N 43Rd Ave, Glendale, AZ 85302
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
CONCRETE
Total area
15,325 SF
Lot
2.28 ac (99,186 SF)
Zoning code
C-2
APN
148-07-002R
UPID
US07-1318640
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
-
Lutong Bahay Filipino-Asian Restaurant & Mini Mart Restaurant
-
storage sheds Storage Facility
-
Smoke & Vape T&M (Bike/Boat/Book/etc) Store
-
Eyebrow threading and body priercing Hair Salon Nail Salon
-
Zen Medical Certifications Marijuana Doctors Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.42M
Blend (final)
Blend
$5.18M
Owner & transaction history
Olive Crossing 43 LLC · 3 yrs held
Olive Crossing 43 LLC
since 2022
6 recorded transactions
Zoning & alternative use
C-2 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.7M
+51.6%
Office building
$4.9M
+10.8%
Commercial (general)
$4.7M
+6.1%
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
NEIGHBORHOOD: SHOPPING CENTER
$4,430,000
Current use
AUTO REPAIR, GARAGE
$6,715,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$4,905,000
Change: +11% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,700,000
Change: +6% · Conversion: Easy
RETAIL STORES
$4,075,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$5.18M
Range $4.66M – $5.69M · ±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
$338 / 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
$35,022
Tax year 2023
Assessed value
$660,253
Assessed 2024
Previous assessed
$554,931
+19.0% YoY
Effective rate
5.30%
On assessed value
Land market value
$510,200
Improvement market value
$3,491,336
Total market value
$4,001,536
Applied tax rate
60,700.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
15,325 SF
Lot
2.28 ac (99,186 SF)
Zoning code
C-2
APN
148-07-002R
UPID
US07-1318640
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Glendale, AZ
Zoning C-2 · permitted uses
C-2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.4M
AUTO REPAIR, GARAGE
Est. value
$6.7M
OFFICE BUILDING
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$4.7M
RETAIL STORES
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
2.28 ac
Current owner
From public records · entity-resolved
Olive Crossing 43 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
11047 N 50TH ST, SCOTTSDALE, AZ 85254-5388
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2022
—
Olive Crossing 43 LLC
Garvin Holdings LLC
Special Warranty Deed
—
Aug 9, 2022
$3,950,000
Arizona Msk LLC
43rd Ave LLC
Special Warranty Deed
—
Jun 20, 1991
—
Truste Jorgenson
—
Deed Of Trust
related
—
—
—
Ave L L C 43rd
—
Deed Of Trust
related
—
—
—
Avenue L L C 43rd
—
Deed Of Trust
related
$550,000 · Standard Insurance Co
—
—
Avenue L L C 43rd
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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