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Property profile & analytics
OFF-MARKET
Estimated value
$152,160,000
Hospitals
5555 Thunderbird Rd, Glendale, AZ 85306-4622
Individually Owned
6-yr Hold
Free & Clear
Property ID
US07-2521164
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1986
Construction
STEEL FRAME
Total area
396,829 SF
Lot
32.1 ac (1,398,218 SF)
Zoning code
G-O
APN
200-75-929G
UPID
US07-2521164
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
-
Charles Otuonye, MD: Geriatric Medicine Physician
-
Banner Thunderbird Medical Center: Chancey Christopher DO Physician
-
Zarin Kolia, MD Physician
-
Dr. Mandeep K. Rai, MD Physician
-
A Michele Morgan, MD: Psychiatry Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$152.16M
Blend (final)
Blend
$152.16M
Owner & transaction history
BANNER HEALTH
BANNER HEALTH
Zoning & alternative use
G-O · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$173.8M
+95.0%
Office building
$127.0M
+42.5%
Commercial (general)
$121.6M
+36.5%
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
AUTO REPAIR, GARAGE
$173,835,000
Change: +95% · Conversion: Difficult
OFFICE BUILDING
$127,005,000
Change: +42% · Conversion: Easy
COMMERCIAL (GENERAL)
$121,640,000
Change: +36% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$114,670,000
Change: +29% · Conversion: Difficult
RETAIL STORES
$105,455,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$152.16M
Range $136.94M – $167.38M · ±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
Assessed value
$46,209,125
Assessed 2024
Previous assessed
$35,953,905
+28.5% YoY
Land market value
$15,834,500
Improvement market value
$292,226,335
Total market value
$308,060,835
Applied tax rate
110,700.0000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
NONE
Buildings
9
Stories
4
Units
8
Total area
396,829 SF
Lot
32.1 ac (1,398,218 SF)
Zoning code
G-O
APN
200-75-929G
UPID
US07-2521164
Jurisdiction
MARICOPA
Zoning & alternative use
G-O · Glendale, AZ
Zoning G-O · permitted uses
G-O · 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
$173.8M
OFFICE BUILDING
Est. value
$127.0M
COMMERCIAL (GENERAL)
Est. value
$121.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$114.7M
RETAIL STORES
Est. value
$105.5M
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
1986
Construction
STEEL FRAME
Heating
NONE
Stories
4
Buildings
9
Units
8
Lot
32.1 ac
Current owner
From public records · entity-resolved
BANNER HEALTH
Individual
Free & Clear · 0 yrs held
Mailing address
2901 N CENTRAL AVE STE #160, PHOENIX, AZ 85012-2702
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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