Renovated Medical Office
For Sale
$999,000
5620 W Thunderbird Road H-3, Glendale, AZ 85306
Updated healthcare suite with patient-room plumbing, durable flooring, and convenient on-site parking.
Property Size2,465 SF
Days on Market51
Property Features for 5620 W Thunderbird Road H-3
General Information
Standard status
Active
Size
2,465 SF
Elevators
No
Property subtype
COMMERCIAL
Taxes and HOA fees
Annual Taxes
$5,171
Building Details
Building Size
2,465 SF
Year Built
1990
Stories
1
Listing Agency:
1912 Realty
Listed By:
Lloyd C Fox
(602) 418-1153
Source:
Jcluxuryresidential
Added: Sep 4
Changed: Oct 24
Last Checked: Oct 23 at 4:36PM
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 1912 Realty
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Investment Insights
Based on property information with market context.
This medical office suite in a 1990-built complex has been substantially updated with new bathrooms, vinyl wood-look flooring, cabinets, paint, and additional interior improvements. Patient rooms include sinks and floor outlets, while dual washer/dryer hookups add practical utility for medical, dental, and healthcare operations.
The H building occupies the far north end of the complex, with abundant parking nearby. The H-3 suite is positioned within the complex rather than along the vehicle-facing edge, supporting a quieter interior setting. The single-level property has no elevators or shared lobbies, and it is located near Banner Thunderbird.
The H building occupies the far north end of the complex, with abundant parking nearby. The H-3 suite is positioned within the complex rather than along the vehicle-facing edge, supporting a quieter interior setting. The single-level property has no elevators or shared lobbies, and it is located near Banner Thunderbird.
Key Highlights
- Updated bathrooms, cabinets, paint, and vinyl wood‑look flooring
- Patient rooms feature sinks and floor outlets
- Dual washer/dryer hookups included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,825
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$756,500
$756.5K
Cap Rate 7%
$540,357
$540.4K
Cap Rate 9%
$420,278
$420.3K
Market Conditions
NOI Build-Up for 2,465 SF
Gross rent
$65.1K $26.40/SF
− Vacancy
−$14.6K −$5.94/SF
EGI
$50.4K $20.46/SF
− OpEx
−$12.6K −$5.12/SF
NOI
$37.8K $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%
$756,500
Cap Rate 7%
$540,357
Cap Rate 9%
$420,278
Alternative Uses
Best Use
Office B
$540.4K
$472.8K – $630.4K
NOI $37,825 @ 7.0% cap · market cap 3.79%
Second Best
Healthcare Medical
$519.0K
$454.1K – $605.5K
NOI $36,330 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$774.3K
$677.5K – $903.3K
NOI $54,200 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,817
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85306, AZ
25,663
Population
9,587
Households
2.7
Avg Household Size
38
Median Age
24%
College-Educated
91%
High-School Grad
5.9 sq mi
ZIP Area
4,350
Density / Sq Mi
$82,060
Median Household Income
$41,596
Median Earnings
$1,666
Median Rent
$342,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Michelle L. Porter, D.V.M. — 5032 W Thunderbird Rd, Glendale, AZ 85306
- Glover Wendy DVM — 5032 W Thunderbird Rd, Glendale, AZ 85306
- Sunburst Animal Hospital: Oyan Heather DVM — 5032 W Thunderbird Rd, Glendale, AZ 85306
- Jessica A. Reed, D.V.M — 5032 W Thunderbird Rd, Glendale, AZ 85306
- Blackwell Kellee J DVM — 5032 W Thunderbird Rd, Glendale, AZ 85306
Frequently Asked Questions
What type of property is this?
Medical Office Space - Updated healthcare suite with patient-room plumbing, durable flooring, and convenient on-site parking.
Where is this medical office space located?
The property is located at 5620 W Thunderbird Road H-3 Glendale, AZ.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Updated bathrooms, cabinets, paint, and vinyl wood‑look flooring; Patient rooms feature sinks and floor outlets; Dual washer/dryer hookups included
