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Property profile & analytics
OFF-MARKET
Office Spaces
18205 51st Ave, Glendale, AZ 85308-1490
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-0817437
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Lot
2.62 ac (113,957 SF)
Zoning code
C-O/G-O
APN
207-23-573
UPID
US07-0817437
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
-
church of spectrum Church
-
Valley of the Sun Dentistry Dental Office
-
Adrian Pulkrabek DDS PLLC Dental Office
-
Legacy Dental Group Dental Office
-
Louis Core, DDS, MAGD Dental Office
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
Sdk18205 LLC · 1 yrs held
Sdk18205 LLC
since 2024
7 recorded transactions
Zoning & alternative use
C-O/G-O · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Glendale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glendale 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$83
Assessed 2024
Previous assessed
$85
-2.4% YoY
Land market value
$500
Total market value
$500
Applied tax rate
971,300.0000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Heating
NONE
Lot
2.62 ac (113,957 SF)
Zoning code
C-O/G-O
APN
207-23-573
UPID
US07-0817437
Jurisdiction
MARICOPA
Zoning & alternative use
C-O/G-O · Glendale, AZ
Zoning C-O/G-O · permitted uses
C-O/G-O · Glendale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glendale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
2.62 ac
Current owner
From public records · entity-resolved
Sdk18205 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
7323 E SHOEMAN LN, SCOTTSDALE, AZ 85251-3323
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
26 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2025
—
Atlas Capital Group LLC
—
Deed
related
$840,000 · Pnc Bank NA
Sep 11, 2024
—
Sdk18205 LLC
Theresa Renee Bundgaard
Quitclaim Deed
related
—
Mar 18, 2024
$305,550
18205 N 51st Ave Ste 145 LLC
Kiowa Creek Investments LLC
Special Warranty Deed
—
Dec 22, 2023
$350,000
Milan Chrena
Swartout Sites LLC
Warranty Deed
—
Sep 5, 2023
$305,000
Theresa Renee Bundgaard
Lorendana Horju
Special Warranty Deed
—
Mar 27, 2023
—
18205 N 51st LLC
Harry B Lederman
Warranty Deed
—
Nov 16, 2022
$755,000
Atlas Capital Group LLC
Forging For Christ LLC
Special Warranty Deed
—
Nov 16, 2022
—
Atlas Capital Group LLC
—
Deed
related
$929,700 · Banterra Bank
Sep 13, 2022
$450,000
Hindo Investments LLC
Vitality Holdings LLC
Special Warranty Deed
$421,400 · Bell Bank
Jun 30, 2022
$485,000
Best Medical Supplies INC
Vitality Holdings LLC
Special Warranty Deed
—
Feb 7, 2022
$550,000
Klink Investments LLC
Aag Group LLC
Special Warranty Deed
$500,000 · Bell Bank
Sep 1, 2021
$790,000
Gregory Stausbaugh
Hastings 51 St Avenue Arrowhead LLC
Special Warranty Deed
—
Jun 16, 2021
$239,187
Kiowa Creek Investments LLC
Lorinda Lea Prentiss Gould
Warranty Deed
$167,430 · Desert Financial Cu
Jan 12, 2021
—
Forging For Christ LLC
Viorica Pop
Warranty Deed
—
Sep 16, 2020
$174,000
Gumdrop Holdings LLC
Alice Zaya
Warranty Deed
—
Feb 18, 2020
—
Rise Above Properties LLC
—
Deed
related
$711,000 · First Citizens Bk
Dec 30, 2019
$600,000
Foresight Group LLC
Arrowhead Office Plaza LLC
Grant Deed
—
Jul 15, 2019
$580,000
Arizona LLC
Little Red House Ents LLC
Grant Deed
—
Jun 24, 2019
—
Alice Zaya
Somi,edmond
Quitclaim Deed
related
—
Jul 3, 2018
$295,000
Gooch & Lederman Living Trust
Gould Donald F Trust
Grant Deed
—
Oct 25, 2017
$190,000
Cover Holdings LLC
Optima Family Health Chiropractic L
Warranty Deed
$193,200 · Jpmorgan Chase Bank NA
May 3, 2017
—
Swartout Sites LLC
—
Deed
related
$100,000 · Pinnacle Bank
Mar 30, 2017
$400,000
Rnsc Investments LLC
Gould,donald F & P L L Trust
Grant Deed
$240,000 · Vantage W Cu
Jan 3, 2017
—
Donald Fred Gould
—
Deed
related
$492,851 · Washington Federal NA
Aug 19, 2016
—
Gould,donald F Trust
Gould,don F & Lorinda L
Quitclaim Deed
related
—
Jul 22, 2016
$475,000
Larry J Fink Holdings LLC
Desert Cove Homes INC
Warranty Deed
$391,000 · Wells Fargo Bank NA
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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