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Property profile

1040 Mcdowell Rd Phoenix, AZ 85006

OFF-MARKET
Medical Office Space
Property ID
US07-0789632
19,742 SF 2.84 ac lot Built 1993
Individually Owned Owner of record is an individual. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional Class A retail and restaurant property, totaling 5,600 square feet, presents a unique investment opportunity in the heart of Downtown Phoenix. Ideally situated directly across from the 755-bed Banner University Medical Center (formerly Banner Good Samaritan Medical Center), this location offers unparalleled access to a substantial and consistent customer base. The property, built in 1964 and extensively renovated in 2025, features three available suites, ranging from a…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$106k
Tax billed · 2023
Assessed value · 2024$1.54M
Effective rate6.93%

Value estimate

· Oct 2026
$805k
$725k – $886k
Submarket $/SF estimate$7.79M

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$265/SF
Submarket average, outlier-cleaned · 143 recorded sales of this use type
Observed band · Q1–Q3$157 – $395
Qualifying comparables8

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
P-1
It is intended that the P-1 District will provide necessary off-street parking in appropriate locations for nonresidential uses located n...
General categoryRESIDENTIAL
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Tailor Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tailor Shop9.9
Veterinary Clinic8.8
Watch Repair Shop8.8

Location

1040 Mcdowell Rd Phoenix, AZ 85006-2622
County assessor Recorded deeds · not on file 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1300 12th, Phoenix, AZ 85006-2848 $18,270,000 Dec 2025 175,530 SF
2229 Mcdowell, Phoenix, AZ 85006-2448 $500,000 Sep 2024 3,120 SF
926 Mcdowell Rd, Phoenix, AZ 85006-2503 $17,885,000 Apr 2022 No data
1146 Mcdowell, Phoenix, AZ 85006-2611 $4,700,000 Mar 2022 27,322 SF
775 Willetta, Phoenix, AZ 85006-2723 $2,200,000 Apr 2019 70,360 SF
1112 Mcdowell, Phoenix, AZ 85006-2629 $1,400,000 Dec 2018 10,130 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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