5620 Thunderbird RdGlendale, AZ 85306

Property Details for 5620 Thunderbird Rd

Year built

1984

Construction

CONCRETE

Lot size

0.08 AC

Property size (Sq ft)

7,603 SF

Zone code

C-2

Property type

Healthcare properties

Property subtype

Medical offices

APN

200-74-545A

APU

20074545A

Description

This exceptional office property, located at 550 S 24th St W in Billings' West End submarket, offers a significant opportunity for businesses seeking flexible and well-appointed space. The single, two-story building, constructed in 1982 and boasting a Class B rating, encompasses a total of 60,350 square feet, situated on a substantial 396,762 square foot lot. Currently, 15,000 square feet of vacant space is immediately available, divisible into units as small as 8,000 square feet, with a maximum contiguous space of 15,000 square feet. The property features convenient amenities including one elevator and ample parking. The building's design is adaptable to various office configurations, accommodating large office users with space for private offices, cubicles, and training rooms. A dedicated server room is available on the first floor for added convenience. The zoning designation is CMU2-Corridor Mixed Use 2, reflecting the property's versatility. The asking rate is $16 per square foot, inclusive of utilities; tenants are responsible for internet and janitorial services. This prime West End location, easily accessible via Lampman Drive, presents a compelling opportunity for businesses seeking a functional and well-located office space. The Assessor's Parcel Number (APN) is A23860A, located in Yellowstone County.

• CAP approach

  CAP return

  Valuation

  6%

  $1,241,492

  6.5%

  $1,145,993

  7%

  $1,064,136

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,172,002

  Geo Method

  $1,172,002

• Alternative Use

  Use

  Valuation

  Residential

  $1,421,031

  Hospitality

  $1,301,657

  Educational

  $1,082,963

  Medical

  $1,120,208

  Retail

  $1,684,610

Location Insight

City

Glendale

County

Maricopa

State

Arizona

Latitude

33.6113

Longitude

-112.18

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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