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Property profile & analytics
OFF-MARKET
Estimated value
$1,850,000
Medical Office Space
6677 Thunderbird Rd Ste A124 Glendale, AZ 85306-3710
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-1357420
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Construction
STEEL FRAME
Total area
6,513 SF
Lot
0.07 ac (3,058 SF)
Zoning code
C-O
APN
200-76-698
UPID
US07-1357420
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
-
RHA, LLC Corporate Office
-
Shawn Brittan Dental Office
-
Dr. R. Scott Hakes D.D.S. Dental Office
-
Dental Solutions Dental Office
-
Dr. Chu-Chi Wang, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.48M
Comparable Approach
Comparable
$2.50M
Blend (final)
Blend
$1.85M
Owner & transaction history
Brown Paventy Properties LLC · 2 yrs held
Brown Paventy Properties LLC
since 2023
Last sale
$1.4M
3 recorded transactions
Zoning & alternative use
C-O · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.9M
+95.0%
Office building
$2.1M
+42.5%
Commercial (general)
$2.0M
+36.5%
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
$1,785,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,600,000
6.5%
$1,475,000
7%
$1,370,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,465,000
Current use
AUTO REPAIR, GARAGE
$2,855,000
Change: +95% · Conversion: Difficult
OFFICE BUILDING
$2,085,000
Change: +42% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,995,000
Change: +36% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,880,000
Change: +29% · Conversion: Difficult
RETAIL STORES
$1,730,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$1.85M
Range $1.67M – $2.04M · ±10% · vs last sale $1.43M (Sep 11 2023)
Last sale anchor
$1.43M
Sep 11 2023
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
$284 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$9,959
Tax year 2022
Assessed value
$159,522
Assessed 2024
Previous assessed
$122,689
+30.0% YoY
Effective rate
6.24%
On assessed value
Land market value
$193,300
Improvement market value
$773,500
Total market value
$966,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2003
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
6,513 SF
Lot
0.07 ac (3,058 SF)
Zoning code
C-O
APN
200-76-698
UPID
US07-1357420
Jurisdiction
MARICOPA
Zoning & alternative use
C-O · Glendale, AZ
Zoning C-O · permitted uses
C-O · 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
MEDICAL BUILDING Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
RETAIL STORES
Est. value
$1.7M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2003
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Brown Paventy Properties LLC
Entity
Mailing address
1380 NE AVALON PL, CORVALLIS, OR 97330-9253
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2024
—
Brown Paventy Properties LLC
—
Deed
related
$850,000 · Mountain West Bank
Sep 11, 2023
$1,425,000
Brown Paventy Properties LLC
Prpd Management LLC
Special Warranty Deed
—
Nov 7, 2019
$798,075
Prpd Management LLC
Appointment No Md
Grant Deed
$798,075 · Bank Of America
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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