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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Glendale, AZ 85308

    • Automotive properties
    • 39,307 SF
    • 13.35 lot acres
    OFF-MARKET
    Value Estimations
    $27,115,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1271794
    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

    • Isalis / Gift Shop / Boutique
    • Party City / Party Store / Balloon Store
    • Skunk Funk / Wholesaler / Clothing Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

    Property Details

    Year built
    2018
    Construction
    CONCRETE
    Lot size
    13.35 lot acres
    Property size
    39,307 SF
    Zone code
    PAD
    Property type
    Automotive properties
    APN
    200-30-983M
    APU
    20030983M

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $27,145,000
      Market price range: $7.83M - $27.1M
      AI Estimate
      $27,080,000
      Market price range: $6.54M - $27.1M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $17,220,000
      Current use
      RESTAURANT
      $35,380,000
      Change: +105% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.234
    Latitude
    33.6587
    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
    $249,351
    $0.00
    $0.00
    $3,874,461
    -
    $5,604,800
    $17,876,784
    $23,481,584

    Comparable in this City

    • Value Estimation
      $9,975,000
      14,459 SF

      8310 Bell Rd

      VEHICLE SALES, RENTALS • 14,459 SF
      8310 Bell Rd, Glendale, AZ 85308
      View Details
    • Value Estimation
      $2,730,000
      3,960 SF

      18215 71st Dr

      VEHICLE SALES, RENTALS • 3,960 SF
      18215 71st Dr, Glendale, AZ 85308-8104
      View Details
    • Value Estimation
      $3,015,000
      4,500 SF

      21027 67th Ave

      AUTO REPAIR, GARAGE • 4,500 SF
      21027 67th Ave, Glendale, AZ 85308-6401
      View Details
    • Value Estimation by Request
      528 SF

      3825 Rose Gdn Ln

      RESIDENTIAL PARKING GARAGE • 528 SF
      3825 Rose Gdn Ln, Glendale, AZ 85308-2139
      View Details
    • Value Estimation by Request
      1,200 SF

      3740 Rose Gdn Ln

      RESIDENTIAL PARKING GARAGE • 1,200 SF
      3740 Rose Gdn Ln, Glendale, AZ 85308-2138
      View Details
    • Value Estimation by Request
      504 SF

      3709 Potter Dr

      RESIDENTIAL PARKING GARAGE • 504 SF
      3709 Potter Dr, Glendale, AZ 85308-2132
      View Details

    Similar Nearby for Sale

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      Glendale Dutch Bros. Investment

      High-Growth Coffee Shop NNN Lease
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      2,811 SF

      Retail Space Near National Tenants

      Retail space with high traffic and income demographics.
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      51,353 SF

      Glendale Retail Space Near Arrowhead

      Retail opportunity in Glendale's Arrowhead Trade Area.
      7340-7346 W Bell Rd, Glendale, AZ 85308
      View Details
    • Contact for pricing
      17,160 SF

      Retail Space in Arrowhead Area

      Retail space near Arrowhead Towne Center with shopping and dining.
      18255 N 83Rd Ave, Glendale, AZ 85308
      View Details
    • $11,280,000
      5.67 Acres

      Talavi Towne Center II: Glendale, AZ

      Prime Retail Investment: 61,302 SF, 100% Leased
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    • $2,700,000
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      Glendale Retail Investment Opportunity

      NNN retail property with an established tenant and long-term lease.
      20630 N 75Th Ave, Glendale, AZ 85308
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      80,000 SF

      Prime Retail Space - Bell Road

      Grocery-anchored center; 2,660 sq ft available
      59th Ave & Bell Rd, Glendale, AZ 85308
      View Details
    • $18 SF/Yr
      11,558 SF

      Citadelle Plaza Retail Spaces Available

      Upscale Glendale retail, multiple spaces.
      19420 59Th Ave, Glendale, AZ 85308
      View Details
    • Contact for pricing
      1,110 SF

      Glendale Retail Space for Lease

      Retail space in affluent Glendale neighborhood with strong retail intersection.
      6685 W Beardsley Rd, Glendale, AZ 85308
      View Details
    • Contact for pricing
      1,485 SF

      Retail Space Near Arrowhead Center

      Retail space with high visibility near Loop 101.
      8251 W Union Hills Dr, Glendale, AZ 85308
      View Details
    • Contact for pricing
      51,353 SF

      Glendale Retail Space For Lease

      Retail opportunity in Glendale's Arrowhead Trade Area.
      7340 W Bell Rd, Glendale, AZ 85308
      View Details
    • Contact for pricing
      25,700 SF

      Glendale Retail & Office Space

      Retail, drive-thru pad, and office space available in Glendale.
      4913 W Bell Rd, Glendale, AZ 85308
      View Details
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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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