7615 75Th AveGlendale, AZ 85303

Property Details for 7615 75Th Ave

Lot size

1.61 AC

Zone code

M-1

Property type

Office properties

APN

143-25-137

APU

14325137

Description

This exceptional investment opportunity presents two adjoining Class B flex space condo suites (Units 103 and 104) totaling 6,510 square feet, ideally located at 7615 N 75th Ave in Glendale, Arizona, 85303. The property boasts a desirable M-1 zoning designation within Maricopa County. Built in 2007, the building features durable masonry block construction, offering a solid foundation for long-term investment. Each unit includes two 12' x 14' grade-level overhead doors, providing convenient access for loading and unloading. The interior features a generous clear height of 18' to 20', ample space for various uses, and a load-bearing mezzanine. The property also benefits from robust electrical service (400 amps, 120/208 volt, 3-phase power), fire sprinklers, a glass entry, and a fenced parking area. The location offers excellent accessibility, situated approximately 2.5 miles east of Loop 101 and State Farm Stadium. A lease is currently in place, extending through December 31, 2025; further lease details are available upon request. The asking price is $1,525,000, translating to $234.25 per square foot and $14.79 per unit. This property represents a compelling investment opportunity for both owner-users and investors seeking a strong return in a prime Glendale location. 75th Avenue frontage provides excellent visibility and accessibility.

• CAP approach

  CAP return

  Valuation

  6%

  $16,802,866

  6.5%

  $15,510,339

  7%

  $14,402,457

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,811,310

  Geo Method

  $10,811,310

• Alternative Use

  Use

  Valuation

  Residential

  $19,232,820

  Hospitality

  $17,617,160

  Educational

  $14,657,270

  Medical

  $15,161,356

  Retail

  $22,800,198

Location Insight

City

Glendale

County

Maricopa

State

Arizona

Latitude

33.5487

Longitude

-112.22

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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