Property profile

11851 51st Ave 140 Glendale, AZ 85304

OFF-MARKET
Office buildings
Property ID
US07-2670028
6,476 SF 0.04 ac lot Built 2008
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2008
Construction STEEL FRAME
Total area 6,476 SF
Lot 0.04 ac (1,555 SF)
Zoning code C-O
APN 148-02-340
UPID US07-2670028

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Medical Clinic
  • Physician
  • Physician Medical Clinic
  • Physician

Location

11851 51st Ave, Unit 140 Glendale, AZ 85304-2809
Glendale metro Census 104227 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$974k
Blend (final) Blend
$830k

Owner & transaction history

since 2023
Last sale
$680,000
4 recorded transactions
2023
$680,000
2022
$435,000
2018
$170,000
2015
$1.6M

Zoning & alternative use

C-O · Glendale, AZ
Zoning description

gle Family Residence) Use Standards - see Table 2.300-1 R-2, R-3, R-4, & R-5 (Multi-Family Residence) Use Standards - see Table 2.400-1 C-1, C-2, C-3, & PR (Commercial Development) Use Standards - see Table 2.500-1 R-O,…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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