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    4700 N 51St Ave, Unit 4 Phoenix, AZ 85031

    For Sale
    $898,000

    Single-tenant medical property with established tenant and growth potential.

    Property size:
    3,856 SF

    Property Features for 4700 N 51St Ave

    General Information

    Size
    3,856 SF

    Building Details

    Year built
    1972

    Source: Justin Horwitz, SIOR Agent Justin Horwitz, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Phoenix Medical Investment Opportunity

    This medical property in Phoenix, Arizona, is fully occupied by MVP Kids Care, a pediatric medicine provider established in 1962 with multiple locations. The property is located on 51st Avenue, south of Camelback Road, near the Valleywise Health Emergency Department and Grand Canyon University. It is also in close proximity to the I-10, I-17, Loop 202, US 60 and Loop 101 Freeways. MVP Kids Care entered into its current 96-month lease in August 2021, scheduled to expire in August 2029. The lease includes 2.5% annual rent increases every September. The tenant is currently paying $70,592 in base rent. The lease is a NNN lease in which the Tenant is fully responsible for its own utilities and expenses associated with the property, including reimbursing the Landlord for all operating expenses. The tenant has two options to renew the lease at five years each, at then prevailing market rents. The property presents a potential value-add opportunity when renewing the existing lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Arizona Womens Specialists Obstetrician-Gynecologist Ronald Morgan, DMD Dentist Megan Miller Nurse Practitioner Nahla Chirco, DNP, ... Nurse Practitioner MVP Kids Care Pediatrician

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.1693321
    Latitude
    33.5061956

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    FAQs

    What type of property is this?
    Medical office - Single-tenant medical property with established tenant and growth potential.
    Where is this medical office located?
    The property is located at 4700 N 51St Ave, Unit 4 Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $898,000.
    What are key features of this property?
    This property features: - Single-tenant NNN lease with a well-established medical tenant (MVP Kids Care) operating since 1962 with multiple locations, providing stable income.; - Below-market rents create a value-add opportunity upon lease renewal in August 2029, with potential for significant rent increases.; - Highly attractive CAP rate suitable for all-cash buyers or those using conventional financing.
    (480) 220-2674
    Request Owner's contact information
    4700 N 51St Ave, Unit 4 Phoenix, AZ 85031
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4700 N 51St Ave, Unit 4 Phoenix, AZ 85031
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