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Property profile & analytics
OFF-MARKET
Estimated value
$1,335,000
Medical Office Space
20199 67th Ave Glendale, AZ 85308-7001
Entity Owned
12-yr Hold
Free & Clear
Property ID
US07-2885225
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Construction
STEEL FRAME
Total area
4,612 SF
Lot
0.86 ac (37,263 SF)
Zoning code
C-2
APN
200-28-015
UPID
US07-2885225
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.34M
Owner & transaction history
Denaro Village LLC · 12 yrs held
Denaro Village LLC
since 2013
7 recorded transactions
Zoning & alternative use
C-2 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
sidence) Use Standards - see Table 2.200-1 R1-10, R1-8, R1-7, R1-6, & R1-4 (Single Family Residence) Use Standards - see Table 2.300-1 R-2, R-3, R-4, & R-5 (Multi-Family Residence) Use Standards - see Table 2.400-1 C-1, C-2, C-3, & PR (Commercial Development) Use Standards - see Table 2.500-1 R-O, C-O, & G-O (Professional Office) Use Standards - see Table 2.…
Zone name
General Commercial
General category
COMMERCIAL
Zone area
1,606.22 ac
Top alternative use upside
Auto repair, garage
$2.0M
+149.8%
Commercial (general)
$1.4M
+74.8%
Neighborhood: shopping center
$1.3M
+64.8%
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
$810,000
Current use
AUTO REPAIR, GARAGE
$2,020,000
Change: +150% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,415,000
Change: +75% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,335,000
Change: +65% · Conversion: Difficult
RETAIL STORES
$1,225,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$890,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$1.34M
Range $1.20M – $1.47M · ±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
$289 / 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
$24,442
Tax year 2023
Assessed value
$476,802
Assessed 2024
Previous assessed
$343,570
+38.8% YoY
Effective rate
5.13%
On assessed value
Land market value
$1,094,000
Improvement market value
$1,795,707
Total market value
$2,889,707
Applied tax rate
970,706.0000
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
2004
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Total area
4,612 SF
Lot
0.86 ac (37,263 SF)
Zoning code
C-2
APN
200-28-015
UPID
US07-2885225
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Glendale, AZZoning C-2 · permitted uses
C-2 · Glendale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
sidence) Use Standards - see Table 2.200-1 R1-10, R1-8, R1-7, R1-6, & R1-4 (Single Family Residence) Use Standards - see Table 2.300-1 R-2, R-3, R-4, & R-5 (Multi-Family Residence) Use Standards - see Table 2.400-1 C-1, C-2, C-3, & PR (Commercial Development) Use Standards - see Table 2.500-1 R-O, C-O, & G-O (Professional Office) Use Standards - see Table 2.600-1 B-P, M-1, M-2 (Business and Industrial) Use Standards - see Table 2.700-1 Wha
Zone name
General Commercial
General category
COMMERCIAL
Zone area
1,606.22 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$810,000
AUTO REPAIR, GARAGE
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING
Est. value
$890,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
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
2004
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Denaro Village LLC
Entity
Free & Clear · 12 yrs held
Mailing address
1667 E LINCOLN AVE, ORANGE, CA 92865-1929
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2013
$9,600,000
Denaro Village LLC
Denaro 101 Plaza LLC
Warranty Deed
—
Aug 9, 2005
—
Corte Freccia I LLC
Corte Freccia II LLC
Special Warranty Deed
$7,000,000 · Morgan Stanley Mortgage Capital INC
Jun 25, 2004
—
Corte Freccia II LLC
Arrowhead Section 30 Corp
Grant Deed
related
$1,545,000 · Wells Fargo Financial Bank
Apr 9, 2004
—
Corte Freccia I LLC
Arrowhead Section 30 Cor
Grant Deed
related
$4,331,250 · Wells Fargo Bank
Dec 13, 2002
$765,000
Arrowhead Section 30 Corp
Legends Car Wash INC
Grant Deed
related
$3,960,000 · Western United Life Assurance
Mar 17, 1999
$700,000
Legends Car Wash INC
Qualls Trust
Grant Deed
related
$400,000 · Stearns Bank
Feb 10, 1998
—
Qualls Trust
Qualls,elizabeth J
Quit Claim Deed
related
—
—
—
Legends Car Wash INC
—
Deed Of Trust
related
$385,000 · M & I Marshall & Isley Bank
—
—
Arrowhead Pointe INC
—
Deed Of Trust
related
$2,100,000 · Lewis Leah L Trust (tr)
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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