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Property profile & analytics
OFF-MARKET Estimated value $2,425,000
Medical Office Space

5620 Thunderbird Rd Ste B1 Glendale, AZ 85306-4638

7,603 SF 0.08 ac lot Built 1984
Individually Owned 3-yr Hold Free & Clear
Property ID
US07-1137058
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1984
Construction CONCRETE
Total area 7,603 SF
Lot 0.08 ac (3,625 SF)
Zoning code C-2
APN 200-74-545A
UPID US07-1137058
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
  • 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.73M
Comparable Approach Comparable
$2.92M
Blend (final) Blend
$2.43M
Owner & transaction history
Alexandra Siegal · 3 yrs held
Alexandra Siegal
since 2023
Last sale
$2.2M
4 recorded transactions
2023
$2.2M
2022
Price N/A
2021
$1.1M
1969
Price N/A
Zoning & alternative use
C-2 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $3.3M +95.0%
Office building $2.4M +42.5%
Commercial (general) $2.3M +36.5%
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