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    13820 51st Ave Glendale, AZ 85306-4885
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    13820 51st Ave Glendale, AZ 85306-4885

    View on Map
    • Strip malls
    • 4,008 SF
    • 0.26 lot acres
    Off-Market
    Last Sale Feb 18, 2026
    Property ID
    US07-0815647
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $755,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Arizona Neurological Institute / Physician
    • Dona Dougherty / Physician
    • Serene Life Services LLC / Health Counselor
    • Dr. Baljeet Singh, MD / Physician
    • Singh Medical Clinic / Physician

    Property Details for 13820 51st Ave

    Year built
    1987
    Construction
    CONCRETE
    Lot size
    0.26 lot acres
    Property size
    4,008 SF
    Zone code
    C-2
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    231-03-755
    APU
    23103755

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $895,000
      6.5%
      $825,000
      7%
      $765,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $754,000
      Market price range: $489k - $1.84M
      AI Estimate
      $688,000
      Market price range: $440k - $1.70M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,160,000
      Current use
      COMMERCIAL (GENERAL)
      $1,230,000
      Change: +6% Conversion: Easy
      RETAIL STORES
      $1,065,000
      Change: -8% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.169
    Latitude
    33.6115
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,299
    $0.00
    $0.00
    $92,037
    -
    $94,100
    $463,700
    $557,800

    Comparable in this City

    • Value Estimation
      $10,165,000
      23,024 SF

      5390 Greenway Rd

      SHOPPING CENTER, STRIP CENTER • 23,024 SF
      5390 Greenway Rd, Glendale, AZ 85306
      View Details
    • Value Estimation
      $8,605,000
      32,480 SF

      5111 Thunderbird Rd

      SHOPPING CENTER, STRIP CENTER • 32,480 SF
      5111 Thunderbird Rd, Glendale, AZ 85306
      View Details
    • Value Estimation
      $8,535,000
      24,806 SF

      Glendale, AZ 85306

      SHOPPING CENTER, STRIP CENTER • 24,806 SF
      Glendale, AZ 85306
      View Details
    • Value Estimation
      $1,675,000
      7,080 SF

      15400 59th Ave

      SHOPPING CENTER, STRIP CENTER • 7,080 SF
      15400 59th Ave, Glendale, AZ 85306
      View Details
    • Value Estimation
      $2,270,000
      6,000 SF

      13971 59th Ave

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      13971 59th Ave, Glendale, AZ 85306-4166
      View Details
    • Value Estimation
      $2,100,000
      11,740 SF

      13824 51st Ave

      SHOPPING CENTER, STRIP CENTER • 11,740 SF
      13824 51st Ave, Glendale, AZ 85306-4845
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Greenway Plaza Retail Opportunity

      Retail spaces available in a well-established, high-traffic location.
      5830 W Greenway Rd, Glendale, AZ 85306
      View Details
    • Contact for pricing
      6,707 SF

      Retail Space Near ASU West

      Retail space near Arizona State University's West Campus.
      5161 W Thunderbird Rd, Glendale, AZ 85306
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      Commercial Pad in Glendale, Arizona

      Commercial land available for purchase in Glendale, Arizona.
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      42,478 SF

      Medical Office Complex For Sale

      Four-building medical office complex with suites available for purchase.
      16222 N 59Th Ave, Glendale, AZ 85306
      View Details
    • $588,000
      Pending

      Medical Office Space For Sale

      Medical office suite for sale near Banner Thunderbird Medical Center.
      5620 W Thunderbird Rd, Glendale, AZ 85306
      View Details
    • $2,445,750
      Pending

      Glendale Land Parcel For Sale

      5 acres of land available in Glendale, Arizona.
      16305 North 59Th Ave, Glendale, AZ 85306
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    Similar Nearby for Lease

    • Contact for pricing
      2,228 SF

      Retail Space in Glendale, Arizona

      Retail spaces available in well-established neighborhood center near universities.
      5844 W Greenway Rd, Glendale, AZ 85306
      View Details
    • Contact for pricing

      Retail Spaces at Greenway Promenade

      Retail spaces available in well-established Glendale neighborhood retail center.
      5930 W Greenway Rd, Glendale, AZ 85306
      View Details
    • Contact for pricing
      1,584 SF

      Retail Space Near ASU West

      Retail space for lease across from ASU West Campus.
      5111-5159 W Thunderbird Rd, Glendale, AZ 85306
      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
    • Contact for pricing
      900 SF

      Retail Space Near ASU West

      900 SF retail space anchored by EOS Fitness available for lease.
      5830 W Thunderbird Rd, Glendale, AZ 85306
      View Details
    • Contact for pricing
      1,800 SF

      Retail Endcap with Drive-Thru

      1,800 SF endcap with drive-thru, anchored by Fry's.
      5860 W Thunderbird Rd, Glendale, AZ 85306
      View Details
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    Glendale, AZ 85306-4885
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    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
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