Leased
5340 W Luke Ave
5340 W Luke Ave, Glendale, AZ
11,400 SF3.14 Acres
Confidential
Greater Phoenix, Arizona
Industrial Broker Opinion of Value
A broker opinion of value is more than a number on a page. For an owner weighing a sale, a refinance, or whether to hold, the useful question is what your industrial asset would actually command in today's market and why. We prepare owner-focused BOV guidance anchored in recent Phoenix closings, current buyer and tenant demand, and the functional characteristics that move value. Sheehan | Schumacher works industrial property across Greater Phoenix daily, so the read you get reflects how comparable buildings, land, and yard sites are trading right now.
A price and the why
What You Get
What it would trade for, who would buy it, and what we would do to get there.
This year's closings
Grounded In
Priced off what comparable Phoenix industrial is actually selling and leasing for now.
Ask anytime
No Strings
Plenty of owners want a read years before they sell. There is no cost to the conversation.
How We Approach Value
Value Comes From Judgment, Not a Formula
Two industrial buildings of equal size can carry very different values, and a spreadsheet of price-per-foot averages will not tell you which is which. What matters is who buys this kind of asset, what tenants will pay to operate in it, and how the submarket is moving. We build a BOV around those forces: recent comparable transactions, real demand from buyers and occupiers, and the functional details that decide the number. The result is something an owner can actually plan around.
Functionality and Site Detail
Clear height, power, loading, building coverage, access, and usable yard area drive industrial value more than square footage alone. We read the asset the way a buyer or tenant will, then weigh how those features play in the current market. The features that draw demand are the ones that support the price, and we account for both.
Demand and Buyer Pool
Value is set by who wants the asset. An owner-user building, a distribution box, and a land-heavy yard site each draw a different pool with different motivations and budgets. We frame your property against the buyers and tenants actually active in that segment of the Phoenix market, so the opinion reflects real demand rather than a generic average.
Timing and Strategy Context
People ask for a BOV when something is on their mind: a sale they are warming up to, a refinance or recap coming due, a partner who wants out, estate or succession planning, or just wanting to know what the building would bring today. We meet you where that decision is, lay out what the asset would command, and walk through whether now or later serves you better.
Supporting Closings
Recent industrial transactions supporting the valuation story
Recent transactions show the market context behind the team’s valuation perspective and help owners understand how similar industrial product is trading.
The Team
A team focused on industrial real estate in Greater Phoenix
Patrick Sheehan, Max Schumacher, and Jack Hansen focus on industrial sales, leasing, land, and owner representation across the Phoenix market.
PS
Patrick Sheehan
Vice President
Patrick specializes in the leasing and sale of freestanding industrial buildings in the Greater Phoenix area. With deep market knowledge and a client-first approach, he consistently delivers results for owners, investors, and tenants.
MS
Max Schumacher
Vice President
Max focuses on industrial real estate transactions across the Phoenix metro, helping clients navigate acquisitions, dispositions, and lease negotiations with precision and market insight.
JH
Jack Hansen
Associate Vice President
Focused on industrial execution across the Greater Phoenix market.
FAQ
Frequently asked questions
Answers to common questions from industrial owners, buyers, landlords, and tenants in the Phoenix market.
How is a broker opinion of value different from an appraisal?+
An appraisal is a formal, regulated valuation often required by a lender. A BOV is a broker's market-based read on what an asset would likely sell or lease for, grounded in current demand and recent transactions. It is faster, geared toward strategy and decision-making, and reflects how active buyers and tenants are actually pricing comparable industrial property today.
What do you need from me to prepare one?+
The property address and a basic picture of the asset get us started: size, site area, and how the space is used or leased. Building details like clear height, power, loading, and any yard area sharpen the read, along with current lease terms if it is occupied. We handle the comparable analysis and market context from there.
I am not ready to sell. Is it still worth getting a BOV?+
Yes. Many owners request one well ahead of any transaction, to inform a refinance conversation, estate or partnership planning, or a hold versus sell decision. Knowing where your asset stands in the current Phoenix market puts you in a stronger position whenever you do act, and there is no obligation attached to the conversation.
Why do recent Phoenix closings matter so much to the number?+
Industrial value moves with the market, and averages from a year ago can mislead. Recent comparable sales and leases show what buyers and tenants are actually paying right now for product like yours, in your submarket. Anchoring the opinion in current closings keeps the judgment honest and gives you a value you can rely on for a real decision.
Next Step
Find Out What Your Building Would Bring
Send us the address and a little about the property, and we will tell you what it would trade for in today's Phoenix market and why. Whether you are getting ready to sell or just want to know where you stand, you will get a straight answer and no pressure to list.