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Property profile & analytics
OFF-MARKET
Estimated value
$6,970,000
Medical Office Space
13838 46th Pl, Phoenix, AZ 85044-7800
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US07-2884517
Property summary
AI-generated overview
This single-story, 20,195 square foot medical office building is located in Ahwatukee, Arizona, at 13838 S 46th Place, near the intersection of Ray Road and 46th Place. Built in 1995, the property sits on 2.07 acres and offers ample parking with 101 spaces. The building is zoned C-O and has a Maricopa County APN of 301-58-009S. The property features multiple tenancies, with a minimum divisible space of 700 square feet and a maximum contiguous space of 2,955 square feet. Currently, 4,852 square feet of space is vacant and available for lease. Suite 120 has an allocated budget for updates. This presents a unique opportunity for medical professionals seeking established space in a desirable Ahwatukee location. The property's convenient location and ample parking make it an attractive option for patients and staff alike. Interested parties should inquire about lease terms and available spaces.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1995
Construction
CONCRETE
Total area
19,115 SF
Lot
2.2 ac (95,832 SF)
Zoning code
C-O
APN
301-58-009S
UPID
US07-2884517
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
-
Ray Road Medical Center Medical Clinic
-
Active Health Alternative Medicine Practice
-
New Image Medical Spa, LLC Physician
-
Michelle Barnett Physician
-
Anita Kadikar Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.07M
Blend (final)
Blend
$6.97M
Owner & transaction history
Arizona Sun Ventures LLC Ve|1895 Don Carlos Invs L · 11 yrs held
Arizona Sun Ventures LLC Ve|1895 Don Carlos Invs L
since 2015
6 recorded transactions
Zoning & alternative use
C-O · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.2M
+101.2%
Auto repair, garage
$8.1M
+59.2%
Retail stores
$5.7M
+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
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
$5,075,000
Current use
RESTAURANT
$10,210,000
Change: +101% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,075,000
Change: +59% · Conversion: Difficult
RETAIL STORES
$5,695,000
Change: +12% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,960,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,865,000
Change: -4% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,205,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$6.97M
Range $6.27M – $7.67M · ±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
$365 / 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
$55,912
Tax year 2023
Assessed value
$895,588
Assessed 2024
Previous assessed
$747,065
+19.9% YoY
Effective rate
6.24%
On assessed value
Land market value
$2,505,800
Improvement market value
$2,922,005
Total market value
$5,427,805
Applied tax rate
281,300.0000
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
1995
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Total area
19,115 SF
Lot
2.2 ac (95,832 SF)
Zoning code
C-O
APN
301-58-009S
UPID
US07-2884517
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
$5.1M
RESTAURANT
Est. value
$10.2M
AUTO REPAIR, GARAGE
Est. value
$8.1M
RETAIL STORES
Est. value
$5.7M
WAREHOUSE, STORAGE
Est. value
$5.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.9M
INDUSTRIAL (GENERAL)
Est. value
$4.2M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
1995
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Lot
2.2 ac
Current owner
From public records · entity-resolved
Arizona Sun Ventures LLC Ve|1895 Don Carlos Invs L
Entity
Mailing address
4031 E FOX ST, MESA, AZ 85205-5017
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2015
$3,316,000
Arizona Sun Ventures LLC Ve|1895 Don Carlos Invs L
Ray Road Properties LLC
Grant Deed
—
Jan 29, 2008
$4,590,000
Ray Road Properties LLC
Ray Road Medical Properties LLC
Special Warranty Deed
—
Dec 23, 2002
$4,100,000
Ray Road Medical Properties
Ray Road Medical LLC
Grant Deed
related
$3,100,000 · Archon Financial LP
May 19, 2000
—
Ray Road Medical LLC
Legacy Investments LLC
Grant Deed
related
—
Jun 14, 1999
$2,400,000
Legacy Investment LLC
Intergroup Prepaid Health Ser
Grant Deed
$2,125,000 · National Bank Arizona
—
—
Ray Road Medical LLC
—
Deed Of Trust
related
$500,000 · National Bank Arizona
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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