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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Medical Office Space
18205 51st Ave Ste 101 Glendale, AZ 85308-1491
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US07-0891232
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Construction
STEEL FRAME
Total area
3,276 SF
Lot
0.04 ac (1,607 SF)
Zoning code
C-O/G-O
APN
207-23-545
UPID
US07-0891232
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
$607k
Blend (final)
Blend
$605k
Owner & transaction history
Scrappydoo LLC · 21 yrs held
Scrappydoo LLC
since 2005
1 recorded transaction
Zoning & alternative use
C-O/G-O · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.0M
+74.8%
Neighborhood: shopping center
$945,000
+64.8%
Retail stores
$870,000
+51.5%
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
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
$575,000
Current use
COMMERCIAL (GENERAL)
$1,005,000
Change: +75% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$945,000
Change: +65% · Conversion: Difficult
RETAIL STORES
$870,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$635,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$185 / 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
$4,403
Tax year 2023
Assessed value
$59,516
Assessed 2024
Previous assessed
$49,844
+19.4% YoY
Effective rate
7.40%
On assessed value
Land market value
$72,100
Improvement market value
$288,600
Total market value
$360,700
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Total area
3,276 SF
Lot
0.04 ac (1,607 SF)
Zoning code
C-O/G-O
APN
207-23-545
UPID
US07-0891232
Jurisdiction
MARICOPA
Zoning & alternative use
C-O/G-O · Glendale, AZZoning 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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$575,000
COMMERCIAL (GENERAL)
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$945,000
RETAIL STORES
Est. value
$870,000
OFFICE BUILDING
Est. value
$635,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
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
2005
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Scrappydoo LLC
Entity
Mailing address
18205 N 51ST AVESTE103, GLENDALE, AZ 85308-1490
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2005
$483,630
Scrappydoo LLC
Arrowhead 51 LLC
Special Warranty Deed
$999,000 · Cit Small Business Lending Corp
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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