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Property profile & analytics
OFF-MARKET
Estimated value
$3,505,000
Medical Office Space
1526 Glendale Ave Phoenix, AZ 85021-8576
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US07-0390678
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1985
Construction
CONCRETE
Total area
8,960 SF
Lot
1 ac (43,559 SF)
Zoning code
C-O
APN
157-14-001A
UPID
US07-0390678
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
-
North Phoenix Pediatric Dentistry Dental Office
-
Dental 32 Dental Office
-
Dr. Charles B. Spriggs, DDS Dental Office
-
Vaughn James a DDS Dental Office
-
Gomez Kimberly Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.54M
Blend (final)
Blend
$3.51M
Owner & transaction history
Chandler Mercado Partners LLC · 12 yrs held
Chandler Mercado Partners LLC
since 2014
7 recorded transactions
Zoning & alternative use
C-O · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of C-O zone is intended to provide office use as an appropriate transition between intense commercial activities and nearby residential uses
Zone name
Restricted Commercial Office
General category
COMMERCIAL
Zone area
947.73 ac
Source
Realmo
Top alternative use upside
Restaurant
$4.8M
+101.2%
Auto repair, garage
$3.8M
+59.2%
Office building
$3.2M
+36.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Phoenix submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phoenix submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,380,000
Current use
RESTAURANT
$4,785,000
Change: +101% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,785,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$3,245,000
Change: +36% · Conversion: Easy
RETAIL STORES
$2,670,000
Change: +12% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,325,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,280,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$3.51M
Range $3.15M – $3.86M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$391 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$30,959
Tax year 2023
Assessed value
$469,206
Assessed 2024
Previous assessed
$358,768
+30.8% YoY
Effective rate
6.60%
On assessed value
Land market value
$728,100
Improvement market value
$2,115,570
Total market value
$2,843,670
Applied tax rate
61,300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
8,960 SF
Lot
1 ac (43,559 SF)
Zoning code
C-O
APN
157-14-001A
UPID
US07-0390678
Jurisdiction
MARICOPA
Zoning & alternative use
C-O · Phoenix, AZZoning C-O · permitted uses
C-O · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of C-O zone is intended to provide office use as an appropriate transition between intense commercial activities and nearby residential uses
Zone name
Restricted Commercial Office
General category
COMMERCIAL
Zone area
947.73 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.4M
RESTAURANT
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.2M
RETAIL STORES
Est. value
$2.7M
WAREHOUSE, STORAGE
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
1 ac
Current owner
From public records · entity-resolved
Chandler Mercado Partners LLC
Entity
Mailing address
525 S DOUGLAS ST STE #200, EL SEGUNDO, CA 90245-4828
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2014
$1,350,000
Chandler Mercado Partners LLC
Jet Enterprises LLC
Special Warranty Deed
$800,000 · Us Bank NA
Mar 14, 2014
—
Arlynn S Bock
Bock,daniel A
Quit Claim Deed
related
—
Feb 24, 2014
—
Jet Ents LLC
K-w Glendale Med LLC
Grant Deed
related
—
Mar 14, 2008
—
K-w Glendale Med LLC
Kelman-weiss Ents LLP
Grant Deed
—
Feb 10, 2004
—
Kelman-weiss Ents LLP
Jet Ents
Grant Deed
related
—
Jan 26, 2004
—
Investments LLP Weiss
Jet Enterprises
Grant Deed
related
—
Sep 24, 2001
$491,750
Investments LLP Weiss
Jet Enterprises
Grant Deed
—
Sep 17, 2001
$983,500
Jet Enterprises
Tb Properties LLC
Grant Deed
$983,500 · Tb Properties LLC
Oct 3, 2000
$4,775,000
Gran Victoria Housing LLC
Cplc Property II LLC
Grant Deed
—
Feb 23, 1996
$490,000
B Properties L L C T
Midland Life Insurance Co
Grant Deed
$343,000 · National Bank Canada
Jul 29, 1994
$600,000
Mutual Life Ins Midland
Rose-george Part
Trustees Deed
—
Apr 12, 1988
$1,095,000
Da-net-sta Ltd
Rose-
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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