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Property profile & analytics
OFF-MARKET
Estimated value
$1,350,000
Medical Office Space
10850 48th St, Phoenix, AZ 85044-1701
Entity Owned
~
Est. High Equity
Property ID
US07-0397988
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1994
Construction
CONCRETE
Total area
3,521 SF
Lot
0.34 ac (15,028 SF)
Zoning code
PSC
APN
301-55-013T
UPID
US07-0397988
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
-
Dr. Howard Farran, DDS Dental Office
-
RagnarLothrbrooks Production Facility Brewery & Distillery
-
Dr. Frank Nelson Dental Office
-
Anh Vu David Ngo Dental Office
-
Mark Haley Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.35M
Owner & transaction history
Jte Real Estate LLC
Jte Real Estate LLC
since 2025
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
PSC · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+59.2%
Retail stores
$1.1M
+12.3%
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 Phoenix submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phoenix 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
$1,315,000
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
$935,000
Current use
AUTO REPAIR, GARAGE
$1,490,000
Change: +59% · Conversion: Difficult
RETAIL STORES
$1,050,000
Change: +12% · Conversion: Difficult
WAREHOUSE, STORAGE
$915,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$895,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$1.35M
Range $1.22M – $1.49M · ±10% · vs last sale $1.43M (May 11 2025)
Last sale anchor
$1.43M
May 11 2025
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
$383 / 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
$12,845
Tax year 2023
Assessed value
$166,423
Assessed 2024
Previous assessed
$153,850
+8.2% YoY
Effective rate
7.72%
On assessed value
Land market value
$495,900
Improvement market value
$512,726
Total market value
$1,008,626
Applied tax rate
281,300.0000
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
DENTAL BUILDING
Status
Off-Market
Year built
1994
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
3,521 SF
Lot
0.34 ac (15,028 SF)
Zoning code
PSC
APN
301-55-013T
UPID
US07-0397988
Jurisdiction
MARICOPA
Zoning & alternative use
PSC · Phoenix, AZ
Zoning PSC · permitted uses
PSC · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phoenix. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$935,000
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$915,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$895,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1994
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Jte Real Estate LLC
Entity
Mailing address
10850 S 48TH ST, PHOENIX, AZ 85044-1701
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2026
—
Jte Real Estate LLC
—
Deed
related
$1,136,000 · Bank Of America NA
Aug 11, 2025
$1,425,000
Jte Real Estate LLC
Cds Az Re 3 LLC
Special Warranty Deed
$1,136,000 · Bank Of America NA
Mar 18, 2022
$1,275,000
Cds Az Re 3 LLC
Narraf LLC
Special Warranty Deed
$1,020,000 · Western Alliance Bank
May 9, 2002
—
Acf Ahwatukee Retail 02 LLC
Acf Ahwatukee LLC
Quit Claim Deed
related
$10,000 · Archon Financial LP
May 6, 1999
$902,500
Narraf LLC
Farran,howard E & Judith A
Grant Deed
—
Dec 5, 1995
—
Ahwatukee Mercado INC
Nations Bank Of Texas
Quit Claim Deed
related
—
—
—
Narral LLC
—
Deed Of Trust
related
$640,000 · Bankusa Fsb
—
—
Howard E Farran
—
Deed Of Trust
related
$875,000 · Newcastle Development INC
—
—
Narraf LLC
—
Deed Of Trust
related
$180,133 · Bank Of America
—
—
Narraf LLC
—
Deed Of Trust
related
$850,000 · Bank Of America
—
—
Narraf LLC
—
Deed Of Trust
related
$970,551 · Bank Of America
—
—
Narraf LLC
—
Deed Of Trust
related
$1,187,000 · Bank Of America
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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