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    5620 Thunderbird Rd Ste B1 Glendale, AZ 85306-4638

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    5620 Thunderbird Rd Ste B1 Glendale, AZ 85306-4638


    • Medical Office Space
    • 7,603 SF
    • 0.08 lot acres
    Off-Market
    Last Sale May 3, 2023
    $2,150,000
    Property ID
    US07-1137058
    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.

    Value Estimations
    $2,425,000
    Show details
    Cap Rate Potential
    4.2%
    Medical Office Space
    Location Intelligence

    Current Use by Public Records

    • Forman Andrew E DDS / Dental Office
    • Fountain Medical Center / Medical Clinic
    • Dr. M Integrative Health / Medical Clinic
    • Price David w DDS / Dental Office
    • Jane Liu DMD / Dental Office

    Property Details for 5620 Thunderbird Rd Ste B1

    Year built
    1984
    Construction
    CONCRETE
    Lot size
    0.08 lot acres
    Property size
    7,603 SF
    Zone code
    C-2
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    200-74-545A
    APU
    20074545A

    Description

    This exceptional office property, located at 550 S 24th St W in Billings' West End submarket, offers a significant opportunity for businesses seeking flexible and well-appointed space. The single, two-story building, constructed in 1982 and boasting a Class B rating, encompasses a total of 60,350 square feet, situated on a substantial 396,762 square foot lot. Currently, 15,000 square feet of vacant space is immediately available, divisible into units as small as 8,000 square feet, with a maximum contiguous space of 15,000 square feet. The property features convenient amenities including one elevator and ample parking. The building's design is adaptable to various office configurations, accommodating large office users with space for private offices, cubicles, and training rooms. A dedicated server room is available on the first floor for added convenience. The zoning designation is CMU2-Corridor Mixed Use 2, reflecting the property's versatility. The asking rate is $16 per square foot, inclusive of utilities; tenants are responsible for internet and janitorial services. This prime West End location, easily accessible via Lampman Drive, presents a compelling opportunity for businesses seeking a functional and well-located office space. The Assessor's Parcel Number (APN) is A23860A, located in Yellowstone County.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $2,690,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $1,870,000
      6.5%
      $1,725,000
      7%
      $1,600,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,915,000
      Market price range: $441k - $2.92M
      AI Estimate
      $2,915,000
      Market price range: $441k - $2.92M
    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,710,000
      Current use
      AUTO REPAIR, GARAGE
      $3,330,000
      Change: +95% Conversion: Difficult
      OFFICE BUILDING
      $2,435,000
      Change: +42% Conversion: Easy
      COMMERCIAL (GENERAL)
      $2,330,000
      Change: +36% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $2,195,000
      Change: +29% Conversion: Difficult
      RETAIL STORES
      $2,020,000
      Change: +18% Conversion: Difficult

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


    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.18
    Latitude
    33.6113
    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
    $6,914
    $0.00
    $0.00
    $126,192
    -
    $152,900
    $611,900
    $764,800
    More about this property
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