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Property profile & analytics
OFF-MARKET
Medical Office Space
8507 51st Avea Glendale, AZ 85302-4919
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-1056284
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1975
Construction
CONCRETE
Total area
3,617 SF
Lot
0.04 ac (1,930 SF)
Zoning code
C-O
APN
148-09-925
UPID
US07-1056284
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
-
C O R N E R dentistry & orthodontics Dental Office
-
Altman Jerrold K DDS Dental Office
-
Dr. Roy Shim Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Allswell Properties LLC · 5 yrs held
Allswell Properties LLC
since 2020
Last sale
$290,000
7 recorded transactions
Zoning & alternative use
C-O · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,750
Tax year 2023
Assessed value
$41,139
Assessed 2024
Previous assessed
$35,649
+15.4% YoY
Effective rate
4.25%
On assessed value
Land market value
$17,800
Improvement market value
$231,529
Total market value
$249,329
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 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
1975
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
3,617 SF
Lot
0.04 ac (1,930 SF)
Zoning code
C-O
APN
148-09-925
UPID
US07-1056284
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.
Building & site characteristics
From public records
Year built
1975
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Allswell Properties LLC
Entity
Mailing address
8507 N 51ST AVE, GLENDALE, AZ 85302-4919
Ownership since
2020
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
Aug 5, 2020
$290,000
Allswell Properties LLC
USA Property Holdings LLC
Special Warranty Deed
$246,500 · Midfirst Bank
Dec 30, 2016
$165,000
USA Property Holdings LLC
Live Oak Banking Co
Grant Deed
—
Jan 20, 2016
$221,467
Live Oak Bkg Co
Peterson Kurt A|kim Dental Holdings LLC
Trustees Deed
related
—
Oct 29, 2010
$200,000
Kim Dental Holdings LLC
Altman Jerrold K & E K Trust
Grant Deed
$210,000 · Live Oak Banking Co
Dec 21, 2001
$99,490
Altman Trust
Ripps Trust
Grant Deed
$99,487 · Ripps Trust
May 1, 2000
—
Ripp Trust
Ripp,michael P & Beth A
Quit Claim Deed
related
—
Aug 14, 1998
—
Altman Trust
Altman,jerrold K & Eleanor K
Quit Claim Deed
related
—
Jul 12, 1993
—
Beth H Ripp
Davis
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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