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Property profile & analytics
FOR LEASE
Medical Office Space
10825 W Mcdowell Rd Avondale, AZ 85392
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-1927241
For Lease
Contact for pricing
10825 W Mcdowell Rd, Avondale, AZ 85392
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2020
Total area
66,942 SF
Lot
4.62 ac (201,337 SF)
Zoning code
PAD
APN
102-56-013
UPID
US07-1927241
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
-
Vaughan Family Appliance Repair Home Appliance Store
-
SimonMed Imaging - Avondale Akos Medical Clinic
-
Stephen T. Smith, MD, FACS Physician Hospital
-
Nirav J. Mehta, MD, FACC Physician
-
Robert S. Bear, DO, FACC Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$26.00M
Blend (final)
Blend
$32.97M
Owner & transaction history
Mmpf III Avondale Az LLC · 4 yrs held
Mmpf III Avondale Az LLC
since 2021
Last sale
$33.4M
7 recorded transactions
Zoning & alternative use
PAD · Avondale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
designee shall serve as guidelines for site and architectural design in all districts. 28-77-28-90 - Reserved. Article 6 - PLANNED AREA DEVELOPMENT DISTRICT 28-111 - Purpose. The purpose of the Planned Area Development (PAD) District is to promote the development of mixed-use developments and/or residential subdivisions that include residential, commercial o…
Zone name
Planned Area Development
General category
MIXED_USE
Zone area
10,309.27 ac
Source
code of ordinances
Top alternative use upside
Commercial (general)
$53.7M
+215.2%
Restaurant
$38.2M
+123.9%
Auto repair, garage
$29.7M
+74.4%
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
$46,100,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$53,725,000
Change: +215% · Conversion: Easy
RESTAURANT
$38,165,000
Change: +124% · Conversion: Difficult
AUTO REPAIR, GARAGE
$29,725,000
Change: +74% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$21,140,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$32.97M
Range $29.67M – $36.27M · ±10% · vs last sale $33.41M (Nov 29 2021)
Last sale anchor
$33.41M
Nov 29 2021
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
$493 / 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
$312,448
Tax year 2023
Assessed value
$3,578,874
Assessed 2024
Previous assessed
$2,948,803
+21.4% YoY
Effective rate
8.73%
On assessed value
Land market value
$1,840,100
Improvement market value
$19,850,046
Total market value
$21,690,146
Applied tax rate
650,100.0000
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
2020
Heating
NONE
Stories
3
Total area
66,942 SF
Lot
4.62 ac (201,337 SF)
Zoning code
PAD
APN
102-56-013
UPID
US07-1927241
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Avondale, AZZoning PAD · permitted uses
PAD · Avondale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
designee shall serve as guidelines for site and architectural design in all districts. 28-77-28-90 - Reserved. Article 6 - PLANNED AREA DEVELOPMENT DISTRICT 28-111 - Purpose. The purpose of the Planned Area Development (PAD) District is to promote the development of mixed-use developments and/or residential subdivisions that include residential, commercial or business park development according to an overall plan. It is the intent of the P
Zone name
Planned Area Development
General category
MIXED_USE
Zone area
10,309.27 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$53.7M
RESTAURANT
Est. value
$38.2M
AUTO REPAIR, GARAGE
Est. value
$29.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$21.1M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2020
Heating
NONE
Stories
3
Lot
4.62 ac
Current owner
From public records · entity-resolved
Mmpf III Avondale Az LLC
Entity
Mailing address
3807 CLEGHORN AVE STE #903, NASHVILLE, TN 37215-2549
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 29, 2021
$33,412,000
Mmpf III Avondale Az LLC
Akos Mob I LLC
Special Warranty Deed
$150,000,000 · Capital One Bank NA
Nov 29, 2021
—
Mmpf III Avondale Az LLC
—
Deed
related
$150,000,000 · Capital One NA
Oct 22, 2021
—
Akos Mob I LLC
—
Deed
related
$1,522,000 · Capital Fund I LLC
Apr 8, 2020
—
F E R Properties
F E R Properties Trust
Correction Deed
related
—
Apr 15, 2019
—
Akos Mob I LLC
West Vly R/e Invtrs LLC
Grant Deed
$15,645,000 · Arizona Bk
Mar 12, 2018
$4,133,668
West Valley Real Estate Investors L
Avondale Medical Campus LLC
Special Warranty Deed
$2,686,884 · Zb NA
Apr 28, 2017
—
Avondale Medical Campus LLC
—
Grant Deed
related
$1,850,000 · Great Wstrn Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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