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Property profile & analytics
FOR LEASE
Office Spaces

11851 North 51St Ave Glendale, AZ 85304

3.95 ac lot
Individually Owned 1-yr Hold Free & Clear
Property ID
US07-1912761
Property summary
AI-generated overview

This exceptional Glendale, Arizona office condominium, located at 11851 N 51st Ave, offers 6,162 square feet of prime commercial space, currently with 3,081 square feet vacant. The property is classified as a Class B building and zoned C-O Commercial Office in Maricopa County. Its convenient location boasts excellent visibility, enhanced by monument signage along 51st Avenue, near the intersection of N 51st Ave and W Rivera Dr. The building is strategically positioned just south of West Cactus Road and a half-mile north of West Peoria Avenue, providing easy access to major transportation arteries including I-17, US 60, and the 101 freeway. This multi-tenant property is ideal for a variety of businesses, particularly those seeking executive or medical office space. Its proximity to key Glendale landmarks further enhances its appeal. Within a five-mile radius are the ASU West Campus, Thunderbird Banner Medical Center, and the Metro Center Retail & Commercial Corridor, offering a vibrant and accessible environment for tenants and clients alike. The property's size and location present a compelling investment opportunity in a thriving commercial area. The available space provides flexibility for businesses of varying sizes and needs.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Lot 3.95 ac (172,016 SF)
Zoning code C-O
APN 148-02-353
UPID US07-1912761
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dr. Kelvin Ngo Dental Office
  • NOAH Copperwood Health Center Medical Clinic
  • Empower Physical Therapy: Glendale Physician
  • Arizona Neurological Institute Physician Medical Clinic
  • ALYSSA FUKUMAE Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Michael And Annette Castillo Prop L · 1 yrs held
Michael And Annette Castillo Prop L
since 2024
7 recorded transactions
2024
$925,000
2024
Price N/A
2024
$2.6M
2023
$1.3M
2023
$680,000
2022
$435,000
2022
$525,000
Zoning & alternative use
C-O · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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