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Property profile & analytics
OFF-MARKET
Estimated value
$2,510,000
Medical Office Space
1310 24th St, Phoenix, AZ 85008-4617
Entity Owned
8-yr Hold
Free & Clear
Property ID
US07-2546904
Property summary
AI-generated overview
This single-story, 7,207 square foot office building, located at 1310 N 24th Street in Phoenix, Arizona's Midtown/Central Phoenix submarket, presents a fantastic opportunity. Built in 1978 and extensively renovated in 2018, the property offers a blend of classic charm and modern updates. The building is zoned C-O, PHX and features three total suites, with one suite currently vacant, measuring 1,217 square feet – ideal for immediate occupancy. The minimum divisible space is also 1,217 square feet. The property sits on a 0.88-acre lot and boasts ample parking with 32 spaces available for tenants and visitors. Its convenient location at the cross streets of N 24th Street & E Culver Street, in the 85008 zip code, provides easy access to major thoroughfares and local amenities. Suitable for both traditional office and medical office uses, this property is an excellent investment opportunity in a thriving Phoenix neighborhood. The Maricopa County property, with APN numbers 116-05-016 and 116-05-017, offers a versatile space ready for immediate use. Don't miss this chance to secure a prime location in a dynamic area.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1978
Construction
CONCRETE
Total area
8,106 SF
Lot
0.82 ac (35,641 SF)
Zoning code
C-O
APN
116-05-016A
UPID
US07-2546904
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
-
Dr. Adriana Gaidici Physician
-
Mumtaz Rushda MD Physician
-
Florin Gaidici, MD Physician
-
AMF GASTROENTEROLOGY, INC OFFICE FOR DR. RUSHDA MUMTAZ Medical Clinic
-
Abdominal Surgeons, Ltd. Medical Clinic Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.55M
Blend (final)
Blend
$2.51M
Owner & transaction history
Tnr Realty LLC · 8 yrs held
Tnr Realty LLC
since 2018
3 recorded transactions
Zoning & alternative use
C-O · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.4M
+59.2%
Office building
$2.4M
+13.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,150,000
Current use
AUTO REPAIR, GARAGE
$3,425,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$2,440,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$2,105,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,065,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$1,950,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$2.51M
Range $2.26M – $2.76M · ±10%
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
$310 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$20,573
Tax year 2022
Assessed value
$322,310
Assessed 2024
Previous assessed
$270,334
+19.2% YoY
Effective rate
6.38%
On assessed value
Land market value
$837,600
Improvement market value
$1,115,793
Total market value
$1,953,393
Applied tax rate
141,300.0000
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
1978
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
8,106 SF
Lot
0.82 ac (35,641 SF)
Zoning code
C-O
APN
116-05-016A
UPID
US07-2546904
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
$2.2M
AUTO REPAIR, GARAGE
Est. value
$3.4M
OFFICE BUILDING
Est. value
$2.4M
WAREHOUSE, STORAGE
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
RETAIL STORES
Est. value
$2.0M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1978
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.82 ac
Current owner
From public records · entity-resolved
Tnr Realty LLC
Entity
Free & Clear · 8 yrs held
Mailing address
7115 N MOCKINGBIRD LN, PARADISE VALLEY, AZ 85253-3624
Ownership since
2018
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
Feb 7, 2018
—
Tnr Realty LLC
Tnr Realty LLC
Quit Claim Deed
related
—
Oct 9, 2017
$775,000
Tnr Realty LLC
Cedar Group L L C
Special Warranty Deed
$1,230,000 · Wells Fargo Bank NA
May 23, 2014
$410,000
Cedar Group LLC
Wci Partners
Warranty Deed
—
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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