Standalone Medical Office
For Sale
Contact for pricing
4491 W NORTHERN Avenue, Glendale, AZ 85301
Freestanding medical office with an existing dental buildout and dedicated on-site parking.
Property Size3,270 SF
Price / SF$1.75
Days on Market66
Property Features for 4491 W NORTHERN Avenue
General Information
Standard status
Active
Size
3,270 SF
Total Parking Spaces
17
Property subtype
Comm/industry Lease
Building Details
Buildings
1
Building Size
3,270 SF
Listing Agency:
The Menlo Group Commercial Real Estate
Listed By:
Grafton Milne · License #BR584594000
(480) 659-1777
Source:
Realtorbevb
Added: Aug 20
Changed: Oct 21
Last Checked: Oct 24 at 5:21PM
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 The Menlo Group Commercial Real Estate
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Investment Insights
Based on property information with market context.
Freestanding medical office building offering approximately 3,270 square feet with an existing dental-oriented interior configuration. Built in 1988, the property provides a dedicated commercial setting for medical office operations and includes on-site parking with 16 standard spaces and 1 ADA space.
The building is positioned near the intersection of W Northern Ave and N 45th Ave in Glendale, with reported traffic volume of approximately 26,610 vehicles per day along Northern Ave. Its standalone format, established medical buildout, and parking supply create a practical foundation for continued healthcare use.
The building is positioned near the intersection of W Northern Ave and N 45th Ave in Glendale, with reported traffic volume of approximately 26,610 vehicles per day along Northern Ave. Its standalone format, established medical buildout, and parking supply create a practical foundation for continued healthcare use.
Key Highlights
- Approximately 3,270 square feet of medical office space
- Existing dental buildout within a standalone building
- 16 standard parking spaces plus 1 ADA space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,195
Suggested Prices Based on Cap Rates
Cap Rate 5%
$963,900
$963.9K
Cap Rate 7%
$688,500
$688.5K
Cap Rate 9%
$535,500
$535.5K
Market Conditions
NOI Build-Up for 3,270 SF
Gross rent
$90.3K $27.60/SF
− Vacancy
−$9.9K −$3.04/SF
EGI
$80.3K $24.56/SF
− OpEx
−$32.1K −$9.83/SF
NOI
$48.2K $14.74/SF
Area
Glendale, AZ
Vacancy
11.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$963,900
Cap Rate 7%
$688,500
Cap Rate 9%
$535,500
Alternative Uses
Best Use
Office B
$716.8K
$627.2K – $836.3K
NOI $50,178 @ 7.0% cap · market cap 876.93%
Second Best
Healthcare Medical
$688.5K
$602.4K – $803.3K
NOI $48,195 @ 7.0% cap · market cap 842.28%
Theoretical Best
Office A
$1.03M
$898.8K – $1.20M
NOI $71,900 @ 7.0% cap · market cap 1,256.55%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 85301, AZ
67,380
Population
24,019
Households
2.8
Avg Household Size
30
Median Age
11%
College-Educated
71%
High-School Grad
9.3 sq mi
ZIP Area
7,245
Density / Sq Mi
$47,422
Median Household Income
$33,727
Median Earnings
$1,189
Median Rent
$218,100
Median Home Value
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Western Animal Hospital — 5041 W Northern Ave # A, Glendale, AZ 85301
- Bernard Mangone — 7771 N 43rd Ave, Phoenix, AZ 850515712
Frequently Asked Questions
What type of property is this?
Medical Office Space - Freestanding medical office with an existing dental buildout and dedicated on-site parking.
Where is this medical office space located?
The property is located at 4491 W NORTHERN Avenue Glendale, AZ.
What are key features of this property?
This property features: Approximately 3,270 square feet of medical office space; Existing dental buildout within a standalone building; 16 standard parking spaces plus 1 ADA space
