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Property profile & analytics
OFF-MARKET
Medical Office Space
1300 12th St Phoenix, AZ 85006-2848
Individually Owned
~
Est. High Equity
Property ID
US07-0935284
Property summary
AI-generated overview
1300 N 12th St, Phoenix, AZ 85006 offers a premier medical office opportunity within the Banner University Medical Center campus. This recently revitalized, six-story building boasts 156,089 square feet of total space, with a significant 64,797 square feet currently vacant. The property offers flexible space options, accommodating tenants seeking spaces ranging from a minimum of 1,324 square feet to a maximum contiguous space of 22,627 square feet. Multiple tenancy is available, providing versatility for various healthcare practices. Ample parking is provided with a ratio of 4.18 spaces per 1,000 square feet. The building's recent $5 million investment reflects a commitment to providing a modern and high-quality environment for medical professionals. Its prime location within the Banner University Medical Center campus ensures high visibility and convenient access for patients and staff. This is an exceptional opportunity to establish or expand a medical practice in a thriving healthcare hub.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1983
Construction
STEEL FRAME
Total area
175,530 SF
Lot
3.81 ac (166,181 SF)
Zoning code
C-2
APN
116-29-083
UPID
US07-0935284
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
-
Amal Sharifi, MD Physician
-
Banner - University Medicine Family Medicine Clinic Medical Clinic
-
Mary Ellen Radosevich, FNP: Nurse Practitioner Vocational School Training Center
-
Banner - University Physician Specialists Medical Clinic
-
Sandra Auvil, MD: Occupational Medicine Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Banner Health
Banner Health
since 2025
Last sale
$18.3M
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose C-2 zone is to provide commercial uses of medium intensity designed to be compatible with each other and to provide for a wide range of types of commercial activity within the district
Zone name
Intermediate Commercial
General category
COMMERCIAL
Zone area
13,095.06 ac
Source
Realmo
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)
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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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$449,907
Tax year 2023
Assessed value
$8,973,283
Assessed 2024
Previous assessed
$7,050,614
+27.3% YoY
Effective rate
5.01%
On assessed value
Land market value
$5,247,000
Improvement market value
$49,136,535
Total market value
$54,383,535
Applied tax rate
11,300.0000
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
1983
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
REFRIGERATOR
Buildings
2
Stories
4
Units
2
Total area
175,530 SF
Lot
3.81 ac (166,181 SF)
Zoning code
C-2
APN
116-29-083
UPID
US07-0935284
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZZoning 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
Zoning description
The purpose C-2 zone is to provide commercial uses of medium intensity designed to be compatible with each other and to provide for a wide range of types of commercial activity within the district
Zone name
Intermediate Commercial
General category
COMMERCIAL
Zone area
13,095.06 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1983
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
4
Buildings
2
Units
2
Lot
3.81 ac
Current owner
From public records · entity-resolved
Banner Health
Individual
Mailing address
3437 47TH ST #220, BOULDER, CO 80301
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2025
$18,270,000
Banner Health
Chp Edwards Medical LLC
Special Warranty Deed
—
Sep 21, 2021
—
Chp Edwards Medical LLC
—
Deed
related
$17,300,000 · Firstbank
Jan 2, 2019
—
Chp Edwards Medical LLC
—
Deed
related
$15,128,970 · National Bk/az
Apr 6, 2018
$12,500,000
Chp Edwards Medical LLC
Vtr Edwards Mob LLC
Grant Deed
$8,000,000 · Vtr Edwards Mob LLC
Apr 6, 2018
—
Chp Edwards Medical LLC
Vtr Edwards Mob LLC
Quit Claim Deed
related
—
Dec 1, 2011
$20,250
Vtr Edwards Mob LLC
Willetta Medical Props LLC
Grant Deed
$12,729,128 · First Penn-pacific Life Ins Co
Mar 12, 1998
$10,000,000
Willeta Medical Properties LLC
Samaritan Health System
Grant Deed
$7,560,000 · Bears Stearns Funding INC
—
—
Chp Edwards Medical LLC
—
Deed Of Trust
related
$15,128,970 · National Bk/az
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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