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Property profile & analytics
OFF-MARKET
Estimated value
$9,045,000
Medical Office Space
1277 Missouri Ave, Phoenix, AZ 85014-2915
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-1097399
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1975
Construction
CONCRETE
Total area
25,200 SF
Lot
1.89 ac (82,111 SF)
Zoning code
C-O
APN
162-09-041A
UPID
US07-1097399
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
-
Lebowitz Dental Associates Dental Office
-
Biltmore Commons Dental Care Dental Office
-
Butura Oral & Dental Implant Surgery Dental Office
-
Musselman Dentistry Dental Office
-
Michael B Lebowitz DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.53M
Comparable Approach
Comparable
$9.18M
Blend (final)
Blend
$9.05M
Owner & transaction history
1277 Investment Alliance LLC · 4 yrs held
1277 Investment Alliance LLC
since 2022
Last sale
$9.1M
3 recorded transactions
Zoning & alternative use
C-O · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.5M
+101.2%
Auto repair, garage
$10.7M
+59.2%
Retail stores
$7.5M
+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
$9,760,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,990,000
6.5%
$5,525,000
7%
$5,130,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$6,690,000
Current use
RESTAURANT
$13,455,000
Change: +101% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,650,000
Change: +59% · Conversion: Difficult
RETAIL STORES
$7,510,000
Change: +12% · Conversion: Difficult
OFFICE BUILDING
$6,655,000
Change: 0% · Conversion: Easy
WAREHOUSE, STORAGE
$6,540,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,415,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$9.05M
Range $8.14M – $9.95M · ±10% · vs last sale $9.05M (Jun 10 2022)
Last sale anchor
$9.05M
Jun 10 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
$359 / 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
$49,787
Tax year 2023
Assessed value
$1,161,972
Assessed 2024
Previous assessed
$911,217
+27.5% YoY
Effective rate
4.28%
On assessed value
Land market value
$2,259,100
Improvement market value
$4,783,155
Total market value
$7,042,255
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
1975
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
25,200 SF
Lot
1.89 ac (82,111 SF)
Zoning code
C-O
APN
162-09-041A
UPID
US07-1097399
Jurisdiction
MARICOPA
Zoning & alternative use
C-O · Phoenix, AZ
Zoning C-O · permitted uses
C-O · 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
$6.7M
RESTAURANT
Est. value
$13.5M
AUTO REPAIR, GARAGE
Est. value
$10.7M
RETAIL STORES
Est. value
$7.5M
OFFICE BUILDING
Est. value
$6.7M
WAREHOUSE, STORAGE
Est. value
$6.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.4M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
1975
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
1.89 ac
Current owner
From public records · entity-resolved
1277 Investment Alliance LLC
Entity
Mailing address
7938 E MERCER WAY, MERCER ISLAND, WA 98040-5824
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2022
$9,050,000
1277 Investment Alliance LLC
Next Gen North Phoenix LLC
Special Warranty Deed
$5,398,500 · Alaska USA FCU
Aug 20, 2018
$3,000,000
Next Gen North Phoenix LLC
Missouri Medical Plaza LLC
Grant Deed
$2,550,000 · Bankers Tr
Dec 20, 2016
—
Missouri Medical Plaza LLC
Missouri Medical Plaza LP
Quit Claim Deed
related
$550,000 · Amy B Dru
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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