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Property profile & analytics
OFF-MARKET
Estimated value
$77,300,000
Office buildings
5651 Talavi Blvd Glendale, AZ 85306-1884
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-3427679
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Construction
STEEL FRAME
Total area
160,446 SF
Lot
11.45 ac (498,627 SF)
Zoning code
PAD
APN
200-50-188A
UPID
US07-3427679
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
-
Anne Allbee Physician
-
Rahul Sharma Physician
-
Joseph Caplan Physician
-
Rajnikant Patel Physician
-
Pinnacle Dermatology - Glendale Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$77.30M
Blend (final)
Blend
$77.30M
Owner & transaction history
Rof II Jv Hold Co LLC · 10 yrs held
Rof II Jv Hold Co LLC
since 2016
7 recorded transactions
Zoning & alternative use
PAD · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$70.3M
+36.9%
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
OFFICE BUILDING
$51,350,000
Current use
AUTO REPAIR, GARAGE
$70,285,000
Change: +37% · Conversion: Difficult
COMMERCIAL (GENERAL)
$49,180,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$77.30M
Range $69.57M – $85.03M · ±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
$482 / 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
Tax billed
$232,485
Tax year 2023
Assessed value
$5,760,201
Assessed 2024
Previous assessed
$6,006,508
-4.1% YoY
Effective rate
4.04%
On assessed value
Land market value
$6,093,400
Improvement market value
$28,816,909
Total market value
$34,910,309
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
3
Total area
160,446 SF
Lot
11.45 ac (498,627 SF)
Zoning code
PAD
APN
200-50-188A
UPID
US07-3427679
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Glendale, AZ
Zoning PAD · permitted uses
PAD · 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
OFFICE BUILDING Current
Est. value
$51.4M
AUTO REPAIR, GARAGE
Est. value
$70.3M
COMMERCIAL (GENERAL)
Est. value
$49.2M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2001
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
3
Lot
11.45 ac
Current owner
From public records · entity-resolved
Rof II Jv Hold Co LLC
Entity
Free & Clear · 10 yrs held
Mailing address
11990 SAN VICENTE BLVD STE #200, LOS ANGELES, CA 90049-6608
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2018
—
Talavi Lllp
—
Loan Modification
related
$99,085,354 · Cit Bk NA
Jul 8, 2016
—
Rof II Jv Hold Co LLC
Rof II Talavi LLC
Re-recorded Document
related
—
May 20, 2016
—
Rof II Jv Hold Co LLC
Rof II Talavi LLC
Special Warranty Deed
$116,000,000 · Cit Bank NA
Nov 6, 2014
—
Rof II Talavi LLC
—
Grant Deed
related
$9,700,000 · Western Alliance Bk
Jan 30, 2014
$9,550,000
Rof II Talavi LLC
5651 West Talavi Boulevard
Grant Deed
—
Jun 14, 2013
$10,500,007
West Talavi Boulevard Hol 5651
Old Republic Natl Title
Trustees Deed
related
—
Feb 14, 2006
$14,787,000
Nnn Talavi Corporate Park 27
Nnn Talavi Corporate Center Ll
Grant Deed
—
Nov 29, 2005
$21,297,000
Nnn Talavi Corporate Center LLC
Nnn Talavi Corporate Center LLC
Special Warranty Deed
$24,000,000 · Cwcapital LLC
Nov 29, 2005
$3,285,000
Nnn Talavi Corporate Center Ll
G & I IV Talavi LLC
Grant Deed
—
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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