Financial
Distress signals
Property profile

1728 W Glendale Ave Phoenix, AZ 85021

FOR LEASE
Medical Office Space
Property ID
US07-0016647
47,339 SF 2.93 ac lot Built 1972
Last sale May 2024 · $3,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A medical office building located just east of 19th Avenue, with access to Valley Metro Rail and nearby local bus services. The site is positioned in proximity to a Fry’s-anchored retail center and multiple walkable quick-service restaurants. The Beatitudes Campus Retirement Community lies directly to the east. The building provides parking at an approximate rate of 6.7 spaces per 1,000 square feet, including 92 covered, reserved spaces intended for tenants and patients. The available space

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$65k
Tax billed · 2023
Assessed value · 2024$1.66M
Effective rate3.91%

Value estimate

· Sep 2026
$3.50M
$3.15M – $3.85M
AI approach$3.50M
NOI build-up
Gross scheduled income$103k
Vacancy & credit loss−$10k
Operating expenses−$37k
NOI · 292,547.37% cap applied$56k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$265/SF
Submarket average, outlier-cleaned · 143 recorded sales of this use type
Observed band · Q1–Q3$157 – $395
Qualifying comparables4

Cap rate analysis

How does the asset earn?
292,547.37%
$56k 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?
R-5
The purpose of R-5 is to provide for alternate living styles including rental, condominiums and single ownership of land with multiple un...
General categoryCOMMERCIAL
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm31.7
Realty agency29.0
Building Supply16.5

Location

1728 W Glendale Ave Phoenix, AZ 85021
County assessor Recorded deeds · 10 transfers 4 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

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1635 Glendale, Phoenix, AZ 85021-8813 $945,000 Jan 2025 2,481 SF
7550 19th, Phoenix, AZ 85021-7980 $1,650,000 Sep 2021 6,524 SF
934 Hatcher, Phoenix, AZ 85021-3139 $850,000 Aug 2021 10,443 SF
8101 19th, Phoenix, AZ 85021-5161 $1,300,000 Mar 2021 7,000 SF
1641 Glendale, Phoenix, AZ 85021-8878 $400,000 Jun 2019 1,740 SF
2337 Northern, Phoenix, AZ 85021-4918 $300,000 Dec 2018 2,210 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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