5623 W Luke Ave, Glendale, AZ 85301

Single-Tenant Industrial · Glendale · Phoenix metro, AZ

One of 221 reachable single-tenant industrial buildings in Glendale. Larger than 51% of single-tenant industrial buildings in Glendale (median 14,768 SF), derived from assessor records.

County gross building area
15,600 SF, Maricopa County Assessor
Lot size
19,969 SF, Maricopa County Assessor
Year built
1977, Maricopa County Assessor
Stories
1, Maricopa County Assessor
Predominant use
Warehousing, Maricopa County Assessor
Assessed value
$1,641,781, per the Maricopa County Assessor (not a market appraisal)
Assessed value per building SF
$105.24/SF, derived from assessor records
Building area / lot
0.78, derived from assessor records
Vintage
1970s vintage
County use code
WAREHOUSING

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

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Sale history and market context

MakeMe Estimate: $1.63M (estimated market value), with a likely range of $1.31M to $1.94M (half of recent verified sales in this segment landed inside that range). Computed as the county's full cash value of $1,641,781 times a 0.99 market ratio, measured from 3891 verified arm's-length sale prices vs county values (single-tenant industrial sales in Glendale, through 2026-06-29). Not an appraisal. How this estimate works.

lower confidence: 5 comparable sales within 3 miles; nearest 1.2 mi. This property type carries wider measured error; treat the estimate as a starting point. Comparable-sale caveat: the estimate is 31% below the $151.82/SF median of the shown comparable sales.

Comparable sales used as evidence

Recorded arm's-length sales of similar buildings nearby; nearer and more recent sales rank first. Buyer and seller names are withheld. Get this data via API.

Market context: Industrial in Glendale

median verified sale $167.66/SF over the trailing 24 months; 17 sales in the last 12 months and 27 in 24 (newest verified sale 2026-02); the middle 80% of recent sales traded at 0.87x to 1.44x their county full cash value, median 1.18x (27 sales with usable county values).

  • 2022: $153.89/SF median (13 sales)
  • 2023: $210.60/SF median (12 sales)
  • 2024: $160.88/SF median (8 sales)
  • 2025: $210.94/SF median (14 sales)
  • 2026 YTD: $113.64/SF median (4 sales)

This estimate sits at 1.00x county full cash value, the 22nd percentile of those recent sale premiums.

Computed from 161 verified arm's-length sales in Maricopa County public records (27 in the trailing 24 months). Free public records. Not an appraisal.

Value over time

$0$500K$1M$1.5M$2M20262027$1.63M$1.64MCounty assessed value

Dark line: county assessed value per Maricopa County tax rolls.

Land, site, and value history

Assessed value moved from $1,424,100 (2026) to $1,641,782 (2027), up 15% over 1 years, per county tax rolls. The 2027 roll splits $1,641,782 into $179,209 land and $1,462,572 improvements.