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Financial
Distress signals
Property profile

8751 N 51St Ave N Glendale, AZ 85302

FOR LEASE
Office buildings
Property ID
US07-2668182
15,343 SF 1.48 ac lot Built 1987
Last sale Dec 2021 · $2,322,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
8751 N 51St Ave N, Glendale, AZ 85302 For Lease
$17 SF/Yr
8751 N 51St Ave N, Glendale, AZ 85302
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Property summary

AI-generated overview

The property is an office building totaling 22,623 square feet. It is located at 8751 N 51st Ave in Glendale, Arizona. Information regarding the building’s detailed configuration and supporting materials is not provided in the description but would be available through the property’s records or upon request.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$33k
Tax billed · 2023
Assessed value · 2024$275k
Effective rate12.10%

Value estimate

· Oct 2026
$2.98M
$2.68M – $3.27M
CAP approach$3.87M
Submarket $/SF estimate$3.68M
NOI build-up
Gross scheduled income$597k
Vacancy & credit loss−$134k
Operating expenses−$116k
NOI · 2,042,058.82% cap applied$347k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$320/SF
Submarket average, outlier-cleaned · 86 recorded sales of this use type
Observed band · Q1–Q3$150 – $584
Qualifying comparables8

Cap rate analysis

How does the asset earn?
2,042,058.82%
$347k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-O
The commercial office district provides for financial and professional service offices located on arterial streets or adjacent to commerc...
General categoryCOMMERCIAL
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency28.8
Law Firm18.1
Daycare Center12.2

Location

8751 N 51St Ave N Glendale, AZ 85302
County assessor Recorded deeds · 6 transfers 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 15 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
9164 43rd, Glendale, AZ 85302-3846 $800,000 Mar 2025 9,920 SF
10555 58th, Glendale, AZ 85302-1360 $800,000 Oct 2023 6,293 SF
9160 67th, Glendale, AZ 85302-3931 $16,232,000 Sep 2023 864 SF
4480 Peoria, Glendale, AZ 85302-2038 $1,350,000 Aug 2021 14,300 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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