Property profile

5823 Eugie Ave Glendale, AZ 85304

OFF-MARKET
Medical Office Space
Property ID
US07-3280465
8,582 SF 1.02 ac lot Built 2000
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a single-story, 8,550-square-foot medical office building situated on a 1.02-acre lot in Glendale, Arizona. The Class B property, built in 2005, is ideally located in a C-2 zoned area, boasting convenient access to major transportation arteries, including Loop 101 and Interstate 17. Currently fully leased to two tenants under a triple-net (NNN) lease structure until April 30, 2028, providing a stable cash flow with a remaining lease term of approximately four years. The building features a comprehensive medical build-out, ample parking with 54 spaces, and prominent monument signage. Its strategic location adjacent to Banner Thunderbird Medical Center further enhances its desirability. The property's multi-tenant occupancy ensures a diversified revenue stream, and the absence of on-campus use restrictions adds to its investment appeal. This freestanding facility offers a compelling opportunity for owner-users seeking a well-established medical office space or investors looking for a stable, income-producing asset in a high-demand location. The property's parcel number (APN) is 200-75-014S.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2000
Construction CONCRETE
Total area 8,582 SF
Lot 1.02 ac (44,605 SF)
Zoning code C-O
APN 200-75-014S
UPID US07-3280465

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Physician
  • Physician
  • Physician

Location

5823 Eugie Ave Glendale, AZ 85304-1276
Glendale metro Census 104224 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.95M
Comparable Approach Comparable
$3.29M
Blend (final) Blend
$2.38M

Owner & transaction history

since 2025
Last sale
$3.0M
7 recorded transactions
2025
Price N/A
2025
Price N/A
2025
$3.0M
2023
$1.9M
2009
$2.3M
2005
$2.4M
2000
$310,500

Zoning & alternative use

C-O · Glendale, AZ
Zoning description

gle Family Residence) Use Standards - see Table 2.300-1 R-2, R-3, R-4, & R-5 (Multi-Family Residence) Use Standards - see Table 2.400-1 C-1, C-2, C-3, & PR (Commercial Development) Use Standards - see Table 2.500-1 R-O,…

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $3.8M +91.0%
Office building $2.7M +39.6%
Commercial (general) $2.6M +33.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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