Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10474 Thunderbird Blvd, Unit 2 Sun City, AZ 85351-3023

    • Medical offices
    • 33,470 SF
    • 0.37 lot acres
    OFF-MARKET
    Last Sale
    Jun 24, 2022
    $6,500,000
    Value Estimations
    $6,820,000
    Show details
    Cap Rate Potential
    6.7%
    Medical offices
    Location Intelligence
    Property ID
    US07-3411505
    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

    • 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

    Property Details for 10474 Thunderbird Blvd

    Year built
    2004
    Construction
    CONCRETE
    Lot size
    0.37 lot acres
    Property size
    33,470 SF
    Zone code
    C-2
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    200-84-964
    APU
    20084964

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,010,000

    • 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

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sun City
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.284
    Latitude
    33.6056
    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
    $32,229
    $0.00
    $0.00
    $678,695
    -
    $822,600
    $3,290,700
    $4,113,300

    Comparable in this City

    • Value Estimation
      $7,570,000
      17,184 SF

      13000 103rd Ave, Unit 16

      MEDICAL BUILDING • 17,184 SF
      13000 103rd Ave, Sun City, AZ 85351-3024
      View Details
    • Value Estimation
      $8,710,000
      19,776 SF

      10147 Grand Ave

      MEDICAL BUILDING • 19,776 SF
      10147 Grand Ave, Sun City, AZ 85351-3435
      View Details
    • Value Estimation
      $7,840,000
      17,796 SF

      10494 Thunderbird Blvd, Unit 16

      MEDICAL BUILDING • 17,796 SF
      10494 Thunderbird Blvd, Sun City, AZ 85351-3058
      View Details
    • Value Estimation
      $6,470,000
      14,682 SF

      14670 Del Webb Blvd, Unit 11

      MEDICAL BUILDING • 14,682 SF
      14670 Del Webb Blvd, Sun City, AZ 85351-2137
      View Details
    • Value Estimation
      $2,960,000
      9,138 SF

      12611 103rd Ave

      MEDICAL BUILDING • 9,138 SF
      12611 103rd Ave, Sun City, AZ 85351-3422
      View Details
    • Value Estimation
      $3,305,000
      7,500 SF

      13203 103rd Ave

      MEDICAL BUILDING • 7,500 SF
      13203 103rd Ave, Sun City, AZ 85351-3028
      View Details

    Similar Nearby for Sale

    • $249,000
      1,877 SF

      Sun City Home with Upgrades

      Upgraded home in a 55+ community with new appliances.
      9814 N Balboa Dr, Sun City, AZ 85351
      View Details
    • $229,500
      1,062 SF

      Updated Gemini Twin Home

      Move-in ready home in active adult golf community.
      10431 W Roundelay Cir, Sun City, AZ 85351
      View Details
    • Contact for pricing
      15,216 SF

      Medical Office Building For Sale

      15,216 SF medical office building, 100% occupied, Sun City, AZ.
      13650 N 99Th Ave, Sun City, AZ 85351
      View Details
    • $1,050,000
      7,781 SF

      Royal Oak Plaza Office Building

      7,781 SF office building in Royal Oak Plaza.
      10225 W Thunderbird Blvd, Sun City, AZ 85351
      View Details
    • $354,000
      1,877 SF

      Remodeled Townhouse on Golf Course

      Remodeled 3 bed, 2 bath townhouse on Sun City golf course.
      10022 W Mountain View Rd, Sun City, AZ 85351
      View Details
    • $235,000
      1,106 SF

      Move-In Ready Condo/Twin Home

      Immaculate condo with recent upgrades and versatile garage.
      9814 W Long Hills Dr, Sun City, AZ 85351
      View Details

    Similar Nearby for Lease

    • $31 SF/Yr
      65,115 SF

      Boswell West Medical Office Suites

      Sun City, AZ Medical Office Space Available
      10503 Thunderbird Blvd, Sun City, AZ 85351
      View Details
    • $24 SF/Yr
      51,249 SF

      Royal Oak Plaza Medical Office

      Sun City, AZ medical suites available
      10211 Thunderbird Blvd, Sun City, AZ 85351
      View Details
    • $23 SF/Yr
      43,883 SF

      Lakeview Medical Office Suites

      Sun City Medical Office Space Available
      13000 103Rd Ave, Sun City, AZ 85351
      View Details
    • $24 SF/Yr
      6,491 SF

      Sun City Medical Office Space

      Prime Medical Office, 6,491 SF Available
      14621 Del Webb Blvd, Sun City, AZ 85351
      View Details
    • $15 SF/Yr
      3,330 SF

      Sun City Office/Medical Suites

      Professional office and medical suites available for lease.
      10220 W Bell Rd, Sun City, AZ 85351
      View Details
    • $24 SF/Yr
      2,840 SF

      Sun City Medical Office Space

      Medical office space available for rent in Sun City.
      13203 N 103Rd Ave, Sun City, AZ 85351
      View Details
    Request Owner's contact information
    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.
    10474 Thunderbird Blvd, Unit 2
    Sun City, AZ 85351-3023
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.