Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5601 Eugie Ave Glendale, AZ 85304

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Glendale medical office space available

    Lot size:
    96,569 SF

    Property Features for 5601 Eugie Ave

    General Information

    Property type
    Medical Office Space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    96,569 SF
    Class
    B
    Total Rate
    241422.5

    Building Details

    Year Built
    1997
    Buildings
    2
    Stories
    2

    Spaces For Lease

    at 5601 Eugie Ave, Glendale, AZ 85304 Contact us
    Unit Suite 210

    $30 /Mo

    Size
    2,129 SF
    Contact us
    Unit Suite 214

    $30 /Mo

    Size
    1,171 SF
    Contact us
    Unit Suite 210

    $30 /Mo

    Size
    5,756 SF
    Contact us
    Unit Suite 212

    $30 /Mo

    Size
    1,693 SF
    Contact us
    Unit Suite 200

    $30 /Mo

    Size
    7,309 SF
    Contact us
    Unit Suite 200

    $30 /Mo

    Size
    2,216 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Rachael Thompson
    Rachael Thompson

    Listing Agency: Kidder Mathews | Phoenix Listing Agent: Rachael Thompson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This Glendale, Arizona medical office complex, Thunderbird Paseo Medical Plaza, offers 96,569 square feet of Class B space in two, two-story buildings. Strategically located across from Banner Thunderbird Medical Center, a major 513-bed acute care hospital with a Level 1 trauma center, birthing unit, and MD Anderson Cancer Center, this property benefits from high visibility and proximity to a significant patient population. The recently completed $290 million expansion of Banner Thunderbird, including a new 200-bed patient tower and emergency room, further enhances the property's desirability. The property features a strong tenant mix including Valley Radiologists, Desert West OBGYN, Banner Physical Therapy, Palo Verde Cancer Specialists, Sonora Quest Laboratories, and Arizona Asthma & Allergy. Individual suites range from 1,171 to 38,237 square feet, with a total of 13,933 square feet currently vacant. The property sits on 10.24 acres of land in the Deer Valley/Airport submarket, zoned C-O, and includes 76 parking spaces. Built in 1997, the property's address is 5601 W Eugie Ave, Glendale, AZ 85304, with convenient access to major West Valley freeways. The property's APN is 200-75-014T. The maximum contiguous space available is 8,620 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Banner Occupational Health ... Physician Pawar Balwinder S ... Physician Palo Verde Cancer ... Physician VibrantCare Rehabilitation Physician Dr. John R. ... Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.18077025113
    Latitude
    33.60736779355

    Nearby Similar for Lease

    • New
      Contact for pricing

      Peoria Center at Arrowhead

      Discover many ways to work your way in Peoria Center at Arrowhead
      16165 83Rd Ave, Glendale, AZ 85382
      View Details
    • $40 SF/Yr

      Freestanding Restaurant with Drive-Thru

      Prime corner location near Banner Thunderbird Medical Center and ASU.
      5105 W Thunderbird Rd, Glendale, AZ 85306
      View Details
    • $19 SF/Yr

      Downtown Glendale Retail/Office Space

      Versatile space in historic district with gated yard and parking.
      5533-5539 W Glendale Ave, Glendale, AZ 85301
      View Details
    • Contact for pricing
      1,318 SF

      Retail Space in Glendale, Arizona

      Retail spaces available in well-established neighborhood shopping center.
      5820-5844 W Greenway Rd, Glendale, AZ 85306
      View Details
    • $20 SF/Yr
      7,500 SF

      Glendale Property Near Arrowhead Mall

      Prime Glendale location near Arrowhead Mall and P83 Entertainment District.
      17431 North 71St Dr, Glendale, AZ 85308
      View Details
    • Contact for pricing

      Retail Space on Corner Lot

      Retail space available in a multi-tenant strip center.
      5929 W Peoria Ave, Glendale, AZ 85308
      View Details
    • $28 SF/Yr
      4,451 SF

      Glendale Medical Office Space Available

      Medical office space for rent near Loop 101.
      18555 North 79Th Ave, Glendale, AZ 85308
      View Details
    • Contact for pricing

      Glendale Retail Space For Lease

      Retail opportunity in Glendale's Arrowhead Trade Area.
      7340 W Bell Rd, Glendale, AZ 85308
      View Details
    • $2,000 /Mo

      Office Sublease in Glendale Center

      Office space available for sublease in a convenient Glendale location.
      8910 N 43Rd Ave, Glendale, AZ 85302
      View Details
    • Contact for pricing

      Retail Space in Woodland Plaza

      Retail space available in Glendale, anchored by Dollar Tree.
      3510-3624 W Bell Rd, Glendale, AZ 85308
      View Details
    • Contact for pricing

      Glendale Industrial Space for Sublease

      Industrial space available for sublease in Glendale, Arizona.
      6075 N Cotton Ln, Glendale, AZ 85355
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Glendale medical office space available
    Where is this medical office space located?
    The property is located at 5601 Eugie Ave Glendale, AZ.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: 96,569 SF Class B medical office complex in two two-story buildings.; Located across from Banner Thunderbird Medical Center, a major 513-bed acute care hospital.; Strong tenant mix including Valley Radiologists, Desert West OBGYN, and others.
    (602) 513-5122 Call to check price and availability
    Request Owner's contact information
    5601 Eugie Ave Glendale, AZ 85304
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5601 Eugie Ave
    Glendale, AZ 85304
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5601 Eugie Ave Glendale, AZ 85304
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Rachael Thompson
    Rachael Thompson
    Real Estate License ID: SA545102000
    (602) 513-5122 (602) 513-5200
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!