Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5501 19Th Ave Phoenix, AZ 85015

    For Sale
    $8,456,180

    Medical Office Building, Value-Add Opportunity

    Property size:
    73,532 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This four-story, 73,532 square foot medical office building in Phoenix, Arizona, presents a compelling value-add investment opportunity. Located at 5501 N 19th Ave, 85015, in Maricopa County, this Class B property boasts 29 units across 16 tenancies, currently operating at 51% occupancy. Built in 1985 and renovated in 2022, the building features a gross lease structure and is zoned C-O. The asking price is $8,456,180, translating to $115 per square foot. Key features include secure underground parking, a drive-through drop-off, and ample visitor parking. Its location within an Opportunity Zone offers significant tax advantages. The property benefits from proximity to the Metro Light Rail and Christown Spectrum Mall, poised for future growth and redevelopment. The potential for future condo sales to owner-users or investors seeking cash flow further enhances its investment appeal. The building's unique garden office design, along with the potential for parking expansion in an adjacent lot, adds to its overall attractiveness. This property offers a rare combination of established infrastructure, modern updates, and significant upside potential in a thriving Phoenix location.

    Property Features for 5501 19Th Ave

    General Information

    Property type
    Medical offices
    Square Feet
    73,532 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1985/2022
    Buildings
    1
    Stories
    4
    Units
    29

    HighLights

    • $8,456,180 asking price for a value‑add medical office building.
    • 73,532 square feet, 29 units, 16 tenants, 51% occupancy.
    • Located in Phoenix, AZ, at 5501 N 19th Ave, in Maricopa County, zip code 85015.
    • Class B, four‑story building, built in 1985, renovated in 2022, with gross lease type.
    • Situated in an Opportunity Zone, offering tax advantages; features significant recent capital improvements and potential for condo sales.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sonora Dental Group Dentist Desert Star Institute ... Educational Institution AZ Clinical Services Drug Testing Service Desert Star Institute ... Abortion Clinic Carmen Duarte Nurse Practitioner

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.09945179
    Latitude
    33.51745631

    Nearby Similar for Sale

    • $11,600,000

      Arcadia Area Condos For Sale

      Eight high-end condos in Phoenix's Arcadia area, each with private elevator.
      4525 N 40Th St, Phoenix, AZ 85018
      View Details
    • New
      $534,900

      Renovated Triplex in Roosevelt Arts

      Upgraded triplex near downtown Phoenix with high-end finishes.
      325 N 17Th Dr, Phoenix, AZ 85007
      View Details
    • $615,000
      Pending

      New Construction Duplex in Phoenix

      Modern duplex in downtown Phoenix with no HOA fees.
      1120 S 4Th Ave, Phoenix, AZ 85003
      View Details
    • $499,999

      Phoenix Multi-Unit Investment Opportunity

      Two adjacent properties with three units in central Phoenix.
      1813 W Sherman St, Phoenix, AZ 85007
      View Details
    • New
      $424,900

      Phoenix Multifamily Investment Opportunity

      Four-unit property with income and renovation upside near GCU.
      2522 W Palo Verde Dr, Phoenix, AZ 85017
      View Details
    • $959,000

      Updated Tri-Plex in Uptown Phoenix

      Updated tri-plex in Uptown Phoenix, great investment opportunity.
      6239 N 14Th St, Phoenix, AZ 85014
      View Details

    FAQs

    What type of property is this?
    Medical office - Medical Office Building, Value-Add Opportunity
    Where is this medical office located?
    The property is located at 5501 19Th Ave Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $8,456,180.
    What are key features of this property?
    This property features: $8,456,180 asking price for a value-add medical office building.; 73,532 square feet, 29 units, 16 tenants, 51% occupancy.; Located in Phoenix, AZ, at 5501 N 19th Ave, in Maricopa County, zip code 85015.
    Request Owner's contact information
    5501 19Th Ave Phoenix, AZ 85015
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5501 19Th Ave
    Phoenix, AZ 85015
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5501 19Th Ave Phoenix, AZ 85015
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.