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Property profile & analytics
FOR LEASE
Medical Office Space
7802 N 43Rd Ave, Glendale, AZ 85301
Individually Owned
4-yr Hold
Free & Clear
Property ID
US07-0168971
For Lease
1 / 2
$4,835,000
7802 N 43Rd Ave, Glendale, AZ 85301
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1986
Construction
CONCRETE
Total area
12,609 SF
Lot
1.86 ac (81,022 SF)
Zoning code
C-1
APN
147-01-001M
UPID
US07-0168971
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
-
Baptist Dental Center Dental Office
-
Farmers Insurance - Kristine Vizzerra Insurance Agency
-
Sunrise Driving school llc Training Center Vocational School
-
North Family Medicine Ltd Medical Clinic
-
Essential Care & Counseling Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.83M
Blend (final)
Blend
$4.84M
Owner & transaction history
Chong H So · 4 yrs held
Chong H So
since 2022
7 recorded transactions
Zoning & alternative use
C-1 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.3M
+50.2%
Neighborhood: shopping center
$3.6M
+26.0%
Commercial (general)
$3.4M
+17.3%
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
$4,345,000
Change: +50% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,645,000
Change: +26% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,390,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$4.84M
Range $4.35M – $5.32M · ±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
$383 / 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
$19,948
Tax year 2023
Assessed value
$213,826
Assessed 2024
Previous assessed
$209,654
+2.0% YoY
Effective rate
9.33%
On assessed value
Land market value
$740,200
Improvement market value
$561,100
Total market value
$1,301,300
Applied tax rate
400,700.0000
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
For Lease
Year built
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
12,609 SF
Lot
1.86 ac (81,022 SF)
Zoning code
C-1
APN
147-01-001M
UPID
US07-0168971
Jurisdiction
MARICOPA
Zoning & alternative use
C-1 · Glendale, AZ
Zoning C-1 · permitted uses
C-1 · 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
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$3.4M
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1986
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.86 ac
Current owner
From public records · entity-resolved
Chong H So
Individual
Free & Clear · 4 yrs held
Mailing address
1450 E INDIAN SCHOOL RD STE #104, PHOENIX, AZ 85014-4954
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2022
—
Chong H So
Soon Won Choi
Deed
—
May 10, 2022
$400,000
Al Sayyed Ali
Chong H So
Special Warranty Deed
—
Apr 1, 2010
—
Otondo Professional LLC
Mchenry David J Family Trust
Grant Deed
—
Nov 2, 2006
—
Mchenry David J Trust
Mchenry,david J
Quit Claim Deed
related
—
Sep 10, 2004
$1,800,000
David J Mchenry
Huh,jack J
Grant Deed
$1,015,000 · Bnc National Bank
Apr 4, 2000
$922,000
Jack J Huh
Mun,son & Song
Grant Deed
$600,000 · National Bank Arizona
Jan 31, 1992
$475,000
Mun Song
Sdc Inv
Grant Deed
$356,250 · Union Bank
Jun 5, 1987
$374,400
Sdc Development
—
Grant Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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