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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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