Single-Tenant Office
New
For Sale
Contact for pricing
20100 N 51st Ave, Glendale, AZ 85308
American Family Insurance occupies the suite under a lease running through December 31, 2029.
Property Size1,477 SF
Price / SF$386.48
Days on Market4
Property Features for 20100 N 51st Ave
General Information
Standard status
Active
Size
1,477 SF
Property subtype
OFFICE
Additional Details
Tenant in Place
Yes
Property Use
Office
Building Details
Tenancy
Single
Listing Agency:
Menlo Group Commercial Real Estate
(480) 771-1376
Listed By:
Stuart Milne · License #SA634760000
(480) 236-9511
Source:
Moodyscre
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 5:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Menlo Group Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,477-square-foot office suite is part of Escuda Office Plaza in Glendale, Arizona. American Family Insurance occupies the space, with the lease scheduled to continue through December 31, 2029.
The property is located at 20100 N 51st Ave, Glendale, AZ 85308.
The property is located at 20100 N 51st Ave, Glendale, AZ 85308.
Key Highlights
- 1,477‑square‑foot office suite within Escuda Office Plaza
- Occupied by American Family Insurance
- Lease term extends through December 31, 2029
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,665
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,300
$453.3K
Cap Rate 7%
$323,786
$323.8K
Cap Rate 9%
$251,833
$251.8K
Market Conditions
NOI Build-Up for 1,477 SF
Gross rent
$39.0K $26.40/SF
− Vacancy
−$8.8K −$5.94/SF
EGI
$30.2K $20.46/SF
− OpEx
−$7.6K −$5.12/SF
NOI
$22.7K $15.35/SF
Area
Glendale, AZ
Vacancy
22.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,300
Cap Rate 7%
$323,786
Cap Rate 9%
$251,833
Alternative Uses
Best Use
Office B
$323.8K
$283.3K – $377.8K
NOI $22,665 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$463.9K
$406.0K – $541.3K
NOI $32,476 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
547
Businesses Nearby
Explore this area
Business Placement
Demographics for 85308, AZ
66,540
Population
26,540
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
95%
High-School Grad
16.9 sq mi
ZIP Area
3,937
Density / Sq Mi
$95,512
Median Household Income
$50,026
Median Earnings
$1,777
Median Rent
$420,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - American Family Insurance occupies the suite under a lease running through December 31, 2029.
Where is this office unit located?
The property is located at 20100 N 51st Ave Glendale, AZ.
What is the asking price?
The asking price for this property is $570,829.
What are key features of this property?
This property features: 1,477‑square‑foot office suite within Escuda Office Plaza; Occupied by American Family Insurance; Lease term extends through December 31, 2029
