Property profile & analytics
1040 Mcdowell Rd Phoenix, AZ 85006-2622
- Medical Office Space
- 19,742 SF
- 2.84 lot acres
OFF-MARKET
Value Estimations
$7,720,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US07-0789632
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Surgery Centers Of America Lp / Medical Clinic / Hospital
- JEROME KEITH MANSON / Physician / Medical Clinic
- Dr. Stephen W. Donohue, MD / Physician
Property Details for 1040 Mcdowell Rd
- Year built
- 1993
- Construction
- CONCRETE
- Lot size
- 2.84 lot acres
- Property size
- 19,742 SF
- Zone code
- P-1
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 117-25-178
- APU
- 11725178
Description
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 minimum of 1,200 square feet to a maximum contiguous space of 5,600 square feet. This allows for flexibility to accommodate a variety of restaurant concepts, from quick-service to full-service dining establishments. The building sits on a prominent corner lot at the intersection of McDowell Road and Dayton Street, providing excellent visibility and accessibility. To enhance parking and potentially allow for outdoor patio space, a neighboring smaller building will be removed as part of the adaptive reuse plan. This is a rare chance to establish a thriving business in a high-traffic area with a guaranteed flow of customers from the adjacent medical center and the surrounding vibrant Downtown Phoenix community. The single-story building offers convenient access for both customers and staff. This prime location, coupled with the recent renovations, ensures a modern and attractive space ready for immediate occupancy.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $7,789,000
- AI Estimate
- $7,646,000
Market price range: $3.11M - $7.79MMarket price range: $2.93M - $7.65M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $5,240,000 Current use
- RESTAURANT
- $10,545,000 Change: +101% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $8,340,000 Change: +59% Conversion: Difficult
- OFFICE BUILDING
- $5,925,000 Change: +13% Conversion: Easy
- WAREHOUSE, STORAGE
- $5,125,000 Change: -2% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $5,025,000 Change: -4% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.059
- Latitude
- 33.4665
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$106,440
$0.00
$0.00
$1,536,426
-
$4,140,600
$5,171,075
$9,311,675
