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Property profile & analytics
FOR LEASE
Hospitals
1225 Hancock Rd, Bullhead City, AZ 86442
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-1161872
For Lease
1 / 20
$600/Mo
1225 Hancock Rd, Bullhead City, AZ 86442
View Listing →
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1995
Construction
STEEL FRAME
Total area
15,560 SF
Lot
0.47 ac (20,473 SF)
APN
214-18-004A
UPID
US07-1161872
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
-
Cosmetic Institute Of Arizona Physician Medical Clinic
-
We Care Cancer Support Social Service Agency Charitable Organization
-
Mohtaseb Mohtaseb Physician
-
Phoenix Skin Cancer Clinic Physician Medical Clinic
-
Wilson Otero, M.D. Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.90M
Comparable Approach
Comparable
$2.82M
Blend (final)
Blend
$2.77M
Owner & transaction history
Phoenix Cancer & Bllod Disorder Tre · 4 yrs held
Phoenix Cancer & Bllod Disorder Tre
since 2022
Last sale
$2.6M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.3M
+135.3%
Apartment house (5+ units)
$2.5M
+39.2%
Auto repair, garage
$1.8M
+1.7%
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 Bullhead City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bullhead City 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
$2,050,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,145,000
6.5%
$2,900,000
7%
$2,695,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,810,000
Current use
RESTAURANT
$4,255,000
Change: +135% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,515,000
Change: +39% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,840,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$1,695,000
Change: -6% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,685,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$2.77M
Range $2.49M – $3.04M · ±10% · vs last sale $2.64M (Feb 17 2022)
Last sale anchor
$2.64M
Feb 17 2022
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
$178 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$49,330
Tax year 2020
Assessed value
$796,788
Assessed 2025
Previous assessed
$598,293
+33.2% YoY
Effective rate
6.19%
On assessed value
Land market value
$74,931
Improvement market value
$5,236,990
Total market value
$5,311,921
Applied tax rate
1,579.0000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
For Lease
Year built
1995
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
3
Total area
15,560 SF
Lot
0.47 ac (20,473 SF)
APN
214-18-004A
UPID
US07-1161872
Jurisdiction
MOHAVE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.8M
RESTAURANT
Est. value
$4.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
MEDICAL BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1995
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
3
Lot
0.47 ac
Current owner
From public records · entity-resolved
Phoenix Cancer & Bllod Disorder Tre
Individual
Mailing address
7878 N 16TH ST STE #2501, PHOENIX, AZ 85020-4449
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2022
$2,640,000
Phoenix Cancer & Bllod Disorder Tre
Hancock Medical Plaza LLC
Warranty Deed
$1,339,385 · Bank 34
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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