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Property profile & analytics
OFF-MARKET
Estimated value
$6,820,000
Medical Office Space
10474 Thunderbird Blvd 2, Sun City, AZ 85351-3023
Entity Owned
4-yr Hold
Free & Clear
Property ID
US07-3411505
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Construction
CONCRETE
Total area
33,470 SF
Lot
0.37 ac (16,157 SF)
Zoning code
C-2
APN
200-84-964
UPID
US07-3411505
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
-
OSR Physical Therapy Medical Clinic
-
Banner Imaging Lakes Medical Clinic
-
Arizona Neurological Institute: Mosley Anthony D MD Physician Medical Clinic
-
Gorman Andrew DO Physician Medical Clinic
-
David Ben-Aviv Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.28M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.82M
Owner & transaction history
Hta Sc Lakes Medical Plaza I LLC · 4 yrs held
Hta Sc Lakes Medical Plaza I LLC
since 2022
Last sale
$6.5M
5 recorded transactions
Zoning & alternative use
C-2 · Sun City, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Sun City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sun City 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
$7,010,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,885,000
6.5%
$7,280,000
7%
$6,760,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$8,775,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$8,700,000
Change: -1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$7,685,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$6.82M
Range $6.14M – $7.50M · ±10% · vs last sale $6.50M (Jun 24 2022)
Last sale anchor
$6.50M
Jun 24 2022
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
$204 / 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
$32,229
Tax year 2023
Assessed value
$678,695
Assessed 2024
Previous assessed
$584,885
+16.0% YoY
Effective rate
4.75%
On assessed value
Land market value
$822,600
Improvement market value
$3,290,700
Total market value
$4,113,300
Applied tax rate
150,007.0000
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
Off-Market
Year built
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
2
Total area
33,470 SF
Lot
0.37 ac (16,157 SF)
Zoning code
C-2
APN
200-84-964
UPID
US07-3411505
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Sun City, AZ
Zoning C-2 · permitted uses
C-2 · Sun City, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sun City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$8.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.7M
INDUSTRIAL (GENERAL)
Est. value
$7.7M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
0.37 ac
Current owner
From public records · entity-resolved
Hta Sc Lakes Medical Plaza I LLC
Entity
Free & Clear · 4 yrs held
Mailing address
16435 N SCOTTSDALE RD STE #320, SCOTTSDALE, AZ 85254-1694
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2022
$6,500,000
Hta Sc Lakes Medical Plaza I LLC
S2realty LLC
Special Warranty Deed
—
Jun 24, 2022
—
Hta Sc Lakes Medical Plaza I LLC
S2realty LLC
Ground Lease
related
—
Apr 9, 2018
—
S2realty LLC
Kss Medical Offices LLC
Warranty Deed
related
—
Nov 5, 2004
$2,201,500
Kss Medical Offices LLC
Lakes Medical Plaza
Grant Deed
related
—
Nov 5, 2004
—
Lakes Medical Plaza LLC
Roskamp Of Sun Health Mgmt Svcs L
Warranty Deed
related
$2,500,000 · Wells Fargo Bank
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.
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