Financial
Distress signals
Property profile

1300 North 12Th St Phoenix, AZ 85006

FOR LEASE
Medical Office Space
Property ID
US07-0935284
175,530 SF 3.81 ac lot Built 1983
Last sale Dec 2025 · $18,270,000
Individually Owned Owner of record is an individual. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$450k
Tax billed · 2023
Assessed value · 2024$8.97M
Effective rate5.01%

Value estimate

· Sep 2026
$12.49M
$11.24M – $13.74M
NOI build-up
Gross scheduled income$2.03M
Vacancy & credit loss−$203k
Operating expenses−$730k
NOI · 5,213,485.71% cap applied$1.09M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$265/SF
Submarket average, outlier-cleaned · 143 recorded sales of this use type
Observed band · Q1–Q3$157 – $395

Cap rate analysis

How does the asset earn?
5,213,485.71%
$1.09M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-2
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 wid...
General categoryCOMMERCIAL
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply23.6
Realty agency16.4
Storage Facility16.0

Location

1300 North 12Th St Phoenix, AZ 85006
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 15 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2229 Mcdowell, Phoenix, AZ 85006-2448 $500,000 Sep 2024 3,120 SF
926 Mcdowell Rd, Phoenix, AZ 85006-2503 $17,885,000 Apr 2022 No data
1146 Mcdowell, Phoenix, AZ 85006-2611 $4,700,000 Mar 2022 27,322 SF
775 Willetta, Phoenix, AZ 85006-2723 $2,200,000 Apr 2019 70,360 SF
1112 Mcdowell, Phoenix, AZ 85006-2629 $1,400,000 Dec 2018 10,130 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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