New search
Property profile & analytics
FOR LEASE
Medical Office Space
10450 W Mcdowell Rd Avondale, AZ 85392
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US07-0988244
For Lease
1 / 2
$32 SF/Yr
10450 W Mcdowell Rd, Avondale, AZ 85392
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Construction
CONCRETE
Total area
14,560 SF
Lot
1.4 ac (61,190 SF)
Zoning code
PAD
APN
102-31-126
UPID
US07-0988244
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
OrthoArizona: Avondale Medical Clinic
-
G&K Medical Associates Medical Clinic
-
Dr. IL L. Park, MD Physician
-
Robert Burnham Jr., M.D. Physician
-
Mrs. Kathleen Borawski Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.65M
Blend (final)
Blend
$5.65M
Owner & transaction history
A & S Corp · 18 yrs held
A & S Corp
since 2007
6 recorded transactions
Zoning & alternative use
PAD · Avondale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.3M
+123.9%
Auto repair, garage
$6.5M
+74.4%
Neighborhood: shopping center
$4.6M
+24.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Avondale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Avondale submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,705,000
Current use
RESTAURANT
$8,300,000
Change: +124% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,465,000
Change: +74% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,600,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$3,540,000
Change: -5% · Conversion: Difficult
OFFICE BUILDING
$3,425,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$5.65M
Range $5.08M – $6.21M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$388 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$72,319
Tax year 2023
Assessed value
$709,399
Assessed 2024
Previous assessed
$601,477
+17.9% YoY
Effective rate
10.19%
On assessed value
Land market value
$771,000
Improvement market value
$3,528,389
Total market value
$4,299,389
Applied tax rate
920,100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
14,560 SF
Lot
1.4 ac (61,190 SF)
Zoning code
PAD
APN
102-31-126
UPID
US07-0988244
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Avondale, AZ
Zoning PAD · permitted uses
PAD · Avondale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Avondale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.7M
RESTAURANT
Est. value
$8.3M
AUTO REPAIR, GARAGE
Est. value
$6.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.6M
RETAIL STORES
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.4M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
A & S Corp
Entity
Mailing address
10450 W MCDOWELL RD STE #101, AVONDALE, AZ 85392-4901
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2018
—
A & S Corp
—
Deed
related
$999,990 · Compass Bank
Nov 26, 2007
—
A & S Corp
Kapur,vikram & Amit
Quit Claim Deed
related
—
Sep 15, 2006
—
Vikram Kapur
—
Trustees Deed
related
$3,429,200 · California Bank & Trust
Sep 15, 2005
$900,000
Vikram Kapur
1 0 7 Co
Special Warranty Deed
$675,000 · M & I Marshall & Ilsley Bank
—
—
A & S Corp
—
Deed Of Trust
related
$2,000,000 · Bmo Harris Bank
—
—
Vikram Kapur
—
Deed Of Trust
related
$150,000 · California Bank & Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
