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Financial
Distress signals
Property profile

18205 N 51St Ave 119 Glendale, AZ 85308

FOR SALE
Office buildings
Property ID
US07-1327881
8,960 SF 0.02 ac lot Built 2005
Last sale Mar 2005 · $334,012
Individually Owned Owner of record is an individual. 21-yr Hold Held for 21 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This office suite is located within a dedicated office complex and has an area of approximately 2,128 square feet. The suite features two entrances, with directions that occupants use the southern entrance. Vehicle access is provided via an approach on 51st Ave south from 101 or Union Hills, with the complex situated on the east side of the roadway; parking is available at the front of Suite 119 to support everyday access for occupants.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value · 2024$39k
Effective rate7.57%

Value estimate

· Oct 2026
$435k
$392k – $479k
Submarket $/SF estimate$952k
NOI build-up
Gross scheduled income$27k
Vacancy & credit loss−$3k
Operating expenses−$7k
NOI · 363.34% cap applied$17k

Realmo valuation models over county records and 23 qualifying comparable sales.

Recently sold

What actually traded nearby?
$193/SF
ZIP average, outlier-cleaned · 29 recorded sales of this use type
Observed band · Q1–Q3$48 – $384
Qualifying comparables23

Cap rate analysis

How does the asset earn?
363.34%
$17k 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?
C-O/G-O
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 Firm18.6
Daycare Center11.9
Convenience Store10.8

Location

18205 N 51St Ave, Unit 119 Glendale, AZ 85308
County assessor Recorded deeds · 1 transfer 23 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
20325 51st Ave, Glendale, AZ 85308-4624 $440,000 Jun 2025 6,641 SF
17235 75th, Glendale, AZ 85308-0831 $11,700,000 Jun 2021 12,800 SF
7025 Bell, Glendale, AZ 85308-8542 $7,480,000 Dec 2018 12,541 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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