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Property profile & analytics
FOR LEASE
Office buildings

11011 S 48Th St Phoenix, AZ 85044

17,442 SF 1.09 ac lot Built 1988
Entity Owned 15-yr Hold Free & Clear
Property ID
US07-0605155
Property summary
AI-generated overview

This exceptional medical office building, located at 11011 S 48th St in Phoenix, Arizona, offers a prime opportunity for healthcare professionals seeking flexible and modern workspace. The single-story building comprises 20,112 square feet, with a total of 7,400 square feet currently available for lease. Multiple tenancy options are available, catering to a range of practice sizes. Individual suites range from a minimum of 640 square feet to a maximum contiguous space of 3,710 square feet, providing ample flexibility for expansion or downsizing. The property is situated in the desirable Ahwatukee area of Phoenix, within Maricopa County, and boasts convenient access to major transportation routes and a thriving local community. This is an ideal location for establishing or expanding a medical practice, offering a professional and efficient environment for patient care. The property's classification as a Medical Office building ensures it meets the specific needs and requirements of healthcare providers. The address is easily accessible, making it convenient for both patients and staff. This is a rare opportunity to secure high-quality medical office space in a sought-after location. Contact us today to schedule a viewing and discuss your leasing options.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1988
Construction CONCRETE
Total area 17,442 SF
Lot 1.09 ac (47,437 SF)
Zoning code C-1
APN 301-54-756
UPID US07-0605155
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
  • Brown Cabezudo Emily Physician Medical Clinic
  • Thriving Life Counseling, PLLC Counselor
  • Linda Wiskerchen, Counselor Counselor
  • Ahwatukee Childrens Theatre Theater & Performing Art Venue
  • Industrial Inspection and Consulting, LLC Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.13M
Blend (final) Blend
$4.14M
Owner & transaction history
Ahwatukee Office Plaza LLC · 15 yrs held
Ahwatukee Office Plaza LLC
since 2010
5 recorded transactions
2010
$1.1M
2010
$1.0M
1998
Price N/A
1992
$800,000
1987
Price N/A
Zoning & alternative use
C-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The purpose C-1 zone is to provide light neighborhood type retail and customer service uses designed to be compatible with each other and nearby residential districts

Zone name Neighborhood Retail Commercial
General category COMMERCIAL
Zone area 1,755.38 ac
Source Realmo
Top alternative use upside
Retail stores $5.2M +78.4%
Medical building $4.6M +58.9%
Warehouse, storage $4.5M +55.4%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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