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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Medical Office Space
8519 59th Ave Glendale, AZ 85302-5401
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US07-1205986
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1966
Construction
STEEL FRAME
Total area
1,993 SF
Lot
0.98 ac (42,625 SF)
Zoning code
C-O
APN
148-17-004C
UPID
US07-1205986
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
-
AZ Family Dental - Glendale Dental Office
-
Matthew R. Parker, D.M.D. Dental Office
-
Justin Cloy Ewell Dental Office
-
Justin Ewell Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$764k
Blend (final)
Blend
$765k
Owner & transaction history
Md Parker Enterprises LLC · 12 yrs held
Md Parker Enterprises LLC
since 2014
5 recorded transactions
Zoning & alternative use
C-O · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$875,000
+91.0%
Office building
$640,000
+39.6%
Commercial (general)
$610,000
+33.7%
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
AUTO REPAIR, GARAGE
$875,000
Change: +91% · Conversion: Difficult
OFFICE BUILDING
$640,000
Change: +40% · Conversion: Easy
COMMERCIAL (GENERAL)
$610,000
Change: +34% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$575,000
Change: +26% · Conversion: Difficult
RETAIL STORES
$530,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$765k
Range $689k – $842k · ±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
$384 / 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
$7,465
Tax year 2023
Assessed value
$82,111
Assessed 2024
Previous assessed
$66,946
+22.7% YoY
Effective rate
9.09%
On assessed value
Land market value
$259,600
Improvement market value
$238,043
Total market value
$497,643
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
1966
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
1,993 SF
Lot
0.98 ac (42,625 SF)
Zoning code
C-O
APN
148-17-004C
UPID
US07-1205986
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
AUTO REPAIR, GARAGE
Est. value
$875,000
OFFICE BUILDING
Est. value
$640,000
COMMERCIAL (GENERAL)
Est. value
$610,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$575,000
RETAIL STORES
Est. value
$530,000
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
1966
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Md Parker Enterprises LLC
Entity
Mailing address
8519 N 59TH AVE, GLENDALE, AZ 85302-5401
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2022
—
Md Parker Enterprises LLC
—
Deed
related
$749,000 · Zb NA
Jan 30, 2014
$355,000
Md Parker Enterprises LLC
Dacin Enterprises LLC
Special Warranty Deed
$301,750 · Bank Of America NA
Jul 17, 2012
$355,000
Dacin Ents LLC
Dvl Ents LLC
Warranty Deed
—
Mar 19, 2009
—
Dvl Ents LLC
Lamb,don J & Vicky S
Grant Deed
—
May 6, 2008
—
Don Jesse Lamb
Dvl Enterprises LLC
Warranty Deed
$350,000 · Jpmorgan Chase Bank NA
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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