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Property profile & analytics
OFF-MARKET
Estimated value
$51,555,000
Office buildings
9494 Maryland Ave, Glendale, AZ 85305-3114
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US07-0809814
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Construction
CONCRETE
Total area
88,302 SF
Lot
5.52 ac (240,516 SF)
Zoning code
PAD
APN
102-01-033E
UPID
US07-0809814
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
-
Glendale Convention & Visitors Bureau Travel Agency
-
Glendale Media Center Media Distribution
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$51.56M
Blend (final)
Blend
$51.56M
Owner & transaction history
William Ryan Homes Arizona INC · 7 yrs held
William Ryan Homes Arizona INC
since 2018
6 recorded transactions
Zoning & alternative use
PAD · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$79.5M
+181.2%
Auto repair, garage
$38.7M
+36.9%
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
RESTAURANT
$79,480,000
Change: +181% · Conversion: Moderate
AUTO REPAIR, GARAGE
$38,680,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$51.56M
Range $46.40M – $56.71M · ±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
$584 / 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
Assessed value
$6,373,341
Assessed 2024
Previous assessed
$5,499,045
+15.9% YoY
Land market value
$2,267,900
Improvement market value
$40,221,043
Total market value
$42,488,943
Applied tax rate
920,700.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
HOT WATER
Cooling
REFRIGERATOR
Buildings
2
Stories
1
Units
2
Total area
88,302 SF
Lot
5.52 ac (240,516 SF)
Zoning code
PAD
APN
102-01-033E
UPID
US07-0809814
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Glendale, AZ
Zoning PAD · permitted uses
PAD · 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
RESTAURANT
Est. value
$79.5M
AUTO REPAIR, GARAGE
Est. value
$38.7M
RESTAURANT
AUTO REPAIR, GARAGE
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
2007
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
5.52 ac
Current owner
From public records · entity-resolved
William Ryan Homes Arizona INC
Entity
Mailing address
5850 W GLENDALE AVE, GLENDALE, AZ 85301-2563
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Oct 15, 2018
—
William Ryan Homes Arizona INC
Hdp Alicante LLC
Grant Deed
related
$40,000,000 · Fifth Third Bk
Sep 20, 2018
—
William Ryan Homes Arizona
Hdp Golf Ridge Two LLC
Grant Deed
related
—
Jun 15, 2018
$831,400
William Ryan Homes Arizona INC
Cw-vistancia D4 LLC
Grant Deed
—
May 15, 2018
—
William Ryan Homes Arizona INC
Cw-vistancia LLC
Grant Deed
related
$40,000,000 · Fifth Third Bk/nthrn
Dec 31, 2007
$5,181,960
Whiteout Way Investments LLC
Entertainment Center Dev LLC
Grant Deed
$7,000,000 · First United Funding LLC
—
—
William Ryan Homes Arizona INC
—
Loan Modification
related
$40,000,000 · Fifth Third Bk
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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