Property profile

1311 Thomas Rd Phoenix, AZ 85014

OFF-MARKET
Medical Office Space
Property ID
US07-0395095
4,013 SF 0.51 ac lot Built 2003
Entity Owned 15-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2003
Construction CONCRETE
Total area 4,013 SF
Lot 0.51 ac (22,318 SF)
Zoning code R-5
APN 117-21-145
UPID US07-0395095

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Pediatrician Medical Clinic
  • Physician
  • Physician
  • Pediatrician Medical Clinic

Location

1311 Thomas Rd Phoenix, AZ 85014-5707
Phoenix metro Census 111700 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.58M
Blend (final) Blend
$1.57M

Owner & transaction history

since 2011
5 recorded transactions
2012
Price N/A
2011
Price N/A
2003
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R-5 · Phoenix, AZ
Zoning description

The purpose of R-5 is to provide for alternate living styles including rental, condominiums and single ownership of land with multiple units thereon or single or attached townhomes

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $1.7M +59.2%
Retail stores $1.2M +12.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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