Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5002 Glendale Ave Glendale, AZ 85301-2756

    • Medical Office Space
    • 4,688 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimations
    $1,800,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0020697
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Monique Whye / Physician
    • Marisol Avila / Physician
    • Laura Floersch / Physician
    • Enrique Lopez / Pediatrician / Medical Clinic
    • Community Medical Services / Medical Clinic

    Property Details for 5002 Glendale Ave

    Year built
    1976
    Construction
    CONCRETE
    Lot size
    0.36 lot acres
    Property size
    4,688 SF
    Zone code
    C-C
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    147-13-014
    APU
    14713014

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,797,000
      Market price range: $347k - $1.80M
      AI Estimate
      $1,797,000
      Market price range: $347k - $1.80M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,615,000
      NEIGHBORHOOD: SHOPPING CENTER
      $1,355,000
      COMMERCIAL (GENERAL)
      $1,260,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.167
    Latitude
    33.539
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,437
    $0.00
    $0.00
    $128,958
    -
    $196,700
    $584,861
    $781,561

    Comparable in this City

    • Value Estimation
      $4,835,000
      12,609 SF

      7802 43rd Ave

      MEDICAL BUILDING • 12,609 SF
      7802 43rd Ave, Glendale, AZ 85301-8111
      View Details
    • Value Estimation
      $660,000
      1,726 SF

      5945 Bethany Home Rd

      MEDICAL BUILDING • 1,726 SF
      5945 Bethany Home Rd, Glendale, AZ 85301-5104
      View Details
    • Value Estimation
      $1,325,000
      3,453 SF

      4444 Northern Ave

      MEDICAL BUILDING • 3,453 SF
      4444 Northern Ave, Glendale, AZ 85301-1683
      View Details
    • Value Estimation
      $1,375,000
      3,587 SF

      4444 Northern Ave

      MEDICAL BUILDING • 3,587 SF
      4444 Northern Ave, Glendale, AZ 85301-1683
      View Details
    • Value Estimation
      $965,000
      2,521 SF

      5511 Glendale Ave

      MEDICAL BUILDING • 2,521 SF
      5511 Glendale Ave, Glendale, AZ 85301-2522
      View Details
    • Value Estimation
      $1,155,000
      3,010 SF

      6020 59th Ave

      MEDICAL BUILDING • 3,010 SF
      6020 59th Ave, Glendale, AZ 85301-7709
      View Details

    Similar Nearby for Sale

    • $250,000

      Phoenix Investment Opportunity Available

      14,742 SF building with C-O zoning in Phoenix, AZ.
      5924 W Palmaire Ave, Phoenix, AZ 85301
      View Details
    • Contact for pricing
      6,423 SF

      Multi-Tenant Office Building For Sale

      Multi-tenant office building near Downtown Glendale with significant upside potential.
      4930 W Glendale Ave, Glendale, AZ 85301
      View Details
    • Contact for pricing
      7,340 SF

      Oldtown Glendale Multi-Tenant Opportunity

      Multi-tenant retail investment or owner-user property in Oldtown Glendale.
      5601-5609 W Glendale Ave, Glendale, AZ 85301
      View Details
    • New
      $615,000

      Glendale Multifamily Property For Sale

      Multifamily property in Glendale with value-add potential.
      7143 N 66Th Dr, Glendale, AZ 85301
      View Details
    • $1,100,000

      Glendale Multifamily Investment Opportunity

      Well-kept 8-unit property near downtown Glendale.
      6306 W Maryland Ave, Glendale, AZ 85301
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,163 SF

      Glendale Office Conversion Opportunity

      Potential office conversion opportunity in Glendale, Arizona.
      5830 W Missouri Ave, Glendale, AZ 85301
      View Details
    • $21 SF/Yr
      5,604 SF

      Glendale Executive Office Suites

      Prime Glendale Office Space Available
      7122 59Th Ave, Glendale, AZ 85301
      View Details
    • $850 /Mo
      6,190 SF

      Private Office with Covered Parking

      C2 Zoned office space for rent with modified gross lease.
      5008 W Glendale Ave, Glendale, AZ 85301
      View Details
    • Contact for pricing
      1,136 SF

      Glendale Warehouse Space Available

      Industrial warehouse space for lease in Glendale, Arizona.
      5220 W Luke Ave, Glendale, AZ 85301
      View Details
    • Contact for pricing
      1,323 SF

      Glendale Warehouse Space Available

      Industrial warehouse space for lease in Glendale, Arizona.
      5214 W Luke Ave, Glendale, AZ 85301
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5002 Glendale Ave
    Glendale, AZ 85301-2756
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!