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Property profile & analytics
OFF-MARKET
Estimated value
$4,140,000
Medical Office Space
4407 Peoria Ave Glendale, AZ 85302-2036
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-3383204
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1985
Construction
CONCRETE
Total area
10,800 SF
Lot
0.44 ac (19,210 SF)
Zoning code
C-2
APN
148-06-555
UPID
US07-3383204
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
-
Fresenius Kidney Care Glendale Town Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.14M
Blend (final)
Blend
$4.14M
Owner & transaction history
Pmak Glendale 4407 LLC · 6 yrs held
Pmak Glendale 4407 LLC
since 2019
7 recorded transactions
Zoning & alternative use
C-2 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.7M
+91.0%
Office building
$3.5M
+39.6%
Commercial (general)
$3.3M
+33.7%
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
AUTO REPAIR, GARAGE
$4,730,000
Change: +91% · Conversion: Difficult
OFFICE BUILDING
$3,455,000
Change: +40% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,310,000
Change: +34% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,120,000
Change: +26% · Conversion: Difficult
RETAIL STORES
$2,870,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$4.14M
Range $3.73M – $4.55M · ±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
$383 / 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
$32,767
Tax year 2023
Assessed value
$411,428
Assessed 2024
Previous assessed
$359,142
+14.6% YoY
Effective rate
7.96%
On assessed value
Land market value
$180,900
Improvement market value
$2,312,600
Total market value
$2,493,500
Applied tax rate
60,700.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
10,800 SF
Lot
0.44 ac (19,210 SF)
Zoning code
C-2
APN
148-06-555
UPID
US07-3383204
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Glendale, AZ
Zoning 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
Glendale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$4.7M
OFFICE BUILDING
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
RETAIL STORES
Est. value
$2.9M
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Pmak Glendale 4407 LLC
Entity
Mailing address
181 W MADISON ST STE #4700, CHICAGO, IL 60602-4584
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2019
$2,400,000
Pmak Glendale 4407 LLC
Gelndale 4407 Medical Properties Ll
Special Warranty Deed
$594,376,000 · Capital One Bank NA
Feb 27, 2017
—
Glendale 4407 Medical Props Ll
—
Grant Deed
related
$29,000,000 · Capital One NA
Jan 20, 2017
$2,500,000
Glendale 4407 Medical Props
Akdhc Peoria R Of E Holdings
Warranty Deed
$1,750,000 · Karep IV Mo Reit LLC
Jan 8, 2015
—
Akdhc Peoria R & E Holdings LLC
—
Trustees Deed
related
$1,190,000 · Bank Of America
Oct 2, 2014
$933,800
Akdhc Peoria R Of E Holdings
43 & Peoria Retail Buildin
Grant Deed
—
May 11, 2007
$1,390,000
43 Ll
Song Four Investments INC
Grant Deed
$2,550,000 · Bank Of America
Apr 19, 2004
—
Song Four Investments INC
Song,stephen
Quit Claim Deed
related
—
Dec 26, 2003
$1,250,000
Gary Song
4407 West Peoria LLC
Grant Deed
$650,000 · Joan Song-nichols
Sep 2, 1998
—
4407 West Peoria LLC
Vetnar,jeffrey L & Erin A
Grant Deed
related
—
May 29, 1992
$300,000
Jeffrey Vetnar
Rtc
Grant Deed
$225,000 · Firstar Metropolitan Bank & Tr
—
—
43 Ll
—
Deed Of Trust
related
$43,382,666 · Kw Loan Investors Vii LLC
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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