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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Medical Office Space
1215 Northern Ave, Phoenix, AZ 85020-4216
Entity Owned
6-yr Hold
Free & Clear
Property ID
US07-1261422
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1971
Construction
CONCRETE
Total area
3,136 SF
Lot
0.24 ac (10,516 SF)
Zoning code
C-2
APN
160-15-105C
UPID
US07-1261422
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
-
Boggess Tom DVM Veterinary Clinic
-
Palo Verde Animal Hospital Veterinary Clinic
-
Orangewood Animal Hospital - Now Palo Verde Animal Hospital Veterinary Clinic
-
Palo Verde Animal Hospital: Babcock, Ross DVM Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$690k
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$950k
Owner & transaction history
Mkthys LLC · 6 yrs held
Mkthys LLC
since 2020
Last sale
$860,000
6 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+59.2%
Retail stores
$935,000
+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
$1,190,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$745,000
6.5%
$690,000
7%
$640,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$830,000
Current use
AUTO REPAIR, GARAGE
$1,325,000
Change: +59% · Conversion: Difficult
RETAIL STORES
$935,000
Change: +12% · Conversion: Difficult
WAREHOUSE, STORAGE
$815,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$800,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±10% · vs last sale $860k (Apr 13 2020)
Last sale anchor
$860k
Apr 13 2020
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
$303 / 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
$8,793
Tax year 2023
Assessed value
$134,745
Assessed 2024
Previous assessed
$111,622
+20.7% YoY
Effective rate
6.53%
On assessed value
Land market value
$525,800
Improvement market value
$290,836
Total market value
$816,636
Applied tax rate
381,300.0000
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
MEDICAL BUILDING
Status
Off-Market
Year built
1971
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
3,136 SF
Lot
0.24 ac (10,516 SF)
Zoning code
C-2
APN
160-15-105C
UPID
US07-1261422
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZ
Zoning C-2 · permitted uses
C-2 · 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
$830,000
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$935,000
WAREHOUSE, STORAGE
Est. value
$815,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$800,000
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
1971
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Mkthys LLC
Entity
Free & Clear · 6 yrs held
Mailing address
3-2-721 HARA, INZAI SHI CHIBA, AZ
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2020
$860,000
Mkthys LLC
Ross Babcock Ents LLC
Grant Deed
—
Feb 21, 2020
—
Ross Babcock Ents LLC
Babcock Ross E JR L/tr
Quit Claim Deed
related
—
Sep 30, 2003
$878,290
Ross Babcock
Ross,e Babcock Tr
Grant Deed
related
$828,291 · Ross E Babcock Trustee
Feb 8, 1999
—
Ross E Babcock
Babcock,ross E
Quit Claim Deed
related
—
Jan 4, 1999
—
Ross E Babcock
Ross E Babcock Trustee
Quit Claim Deed
related
—
Jan 10, 1997
—
Ross E Babcock JR.
Ross Babcock SR
Quit Claim Deed
related
—
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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