11851 51St AveGlendale, AZ 85304

Property Details for 11851 51St Ave

Lot size

3.95 AC

Zone code

C-O

Property type

Office properties

Property subtype

Other office properties

APN

148-02-353

APU

14802353

Description

This exceptional Glendale, Arizona office condominium, located at 11851 N 51st Ave, offers 6,162 square feet of prime commercial space, currently with 3,081 square feet vacant. The property is classified as a Class B building and zoned C-O Commercial Office in Maricopa County. Its convenient location boasts excellent visibility, enhanced by monument signage along 51st Avenue, near the intersection of N 51st Ave and W Rivera Dr. The building is strategically positioned just south of West Cactus Road and a half-mile north of West Peoria Avenue, providing easy access to major transportation arteries including I-17, US 60, and the 101 freeway. This multi-tenant property is ideal for a variety of businesses, particularly those seeking executive or medical office space. Its proximity to key Glendale landmarks further enhances its appeal. Within a five-mile radius are the ASU West Campus, Thunderbird Banner Medical Center, and the Metro Center Retail & Commercial Corridor, offering a vibrant and accessible environment for tenants and clients alike. The property's size and location present a compelling investment opportunity in a thriving commercial area. The available space provides flexibility for businesses of varying sizes and needs.

• CAP approach

  CAP return

  Valuation

  6%

  $28,088,458

  6.5%

  $25,927,808

  7%

  $24,075,822

• Comparable approach

  Method

  Valuation

  Relative Method

  $26,516,266

  Geo Method

  $26,516,266

• Alternative Use

  Use

  Valuation

  Residential

  $32,150,482

  Hospitality

  $29,449,668

  Educational

  $24,501,778

  Medical

  $25,344,432

  Retail

  $38,113,876

Location Insight

City

Glendale

County

Maricopa

State

Arizona

Latitude

33.5934

Longitude

-112.168

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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