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Financial
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Property profile

5601 W Eugie Ave Glendale, AZ 85304

FOR LEASE
Medical Office Space
Property ID
US07-1507912
60,000 SF 10.24 ac lot Built 1995
Individually Owned Owner of record is an individual. 19-yr Hold Held for 19 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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5601 W Eugie Ave, Glendale, AZ 85304 For Lease
$23,005,000 5,756 SF available
5601 W Eugie Ave, Glendale, AZ 85304
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Property summary

AI-generated overview

This Glendale, Arizona medical office complex, Thunderbird Paseo Medical Plaza, offers 96,569 square feet of Class B space in two, two-story buildings. Strategically located across from Banner Thunderbird Medical Center, a major 513-bed acute care hospital with a Level 1 trauma center, birthing unit, and MD Anderson Cancer Center, this property benefits from high visibility and proximity to a significant patient population. The recently completed $290 million expansion of Banner Thunderbird,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$50k
Tax billed · 2023
Assessed value · 2024$3.81M
Effective rate1.32%

Value estimate

· Oct 2026
$23.01M
$20.70M – $25.31M
Submarket $/SF estimate$23.01M
NOI build-up
Gross scheduled income$152k
Vacancy & credit loss−$34k
Operating expenses−$29k
NOI · 3,649,834.71% cap applied$88k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$229/SF
Submarket average, outlier-cleaned · 116 recorded sales of this use type
Observed band · Q1–Q3$74 – $383
Qualifying comparables7

Cap rate analysis

How does the asset earn?
3,649,834.71%
$88k 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
The commercial office district provides for financial and professional service offices located on arterial streets or adjacent to commerc...
General categoryCOMMERCIAL
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency40.9
Law Firm34.4
Spa & Massage22.3

Location

5601 W Eugie Ave Glendale, AZ 85304
County assessor Recorded deeds · 3 transfers 7 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

2 recorded sales · 18 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5823 Eugie Ave, Glendale, AZ 85304-1276 $2,950,000 Dec 2024 No data
11851 51st, Glendale, AZ 85304-2809 $925,000 Nov 2024 6,476 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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