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Property profile & analytics
OFF-MARKET
Estimated value
$37,780,000
Medical Office Space
13985 Grand Ave Ste 200 Surprise, AZ 85374-3633
Entity Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-2215732
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Construction
CONCRETE
Total area
75,416 SF
Lot
0.76 ac (33,128 SF)
Zoning code
C-C
APN
503-98-948
UPID
US07-2215732
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$37.78M
Blend (final)
Blend
$37.78M
Owner & transaction history
E & V Investments LLC · 17 yrs held
E & V Investments LLC
since 2009
4 recorded transactions
Zoning & alternative use
C-C · Surprise, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
municipal code
Top alternative use upside
Commercial (general)
$60.5M
+107.0%
Retail stores
$48.1M
+64.5%
Restaurant
$46.5M
+59.1%
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 Surprise submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Surprise 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
$29,245,000
Current use
COMMERCIAL (GENERAL)
$60,525,000
Change: +107% · Conversion: Easy
RETAIL STORES
$48,095,000
Change: +64% · Conversion: Difficult
RESTAURANT
$46,525,000
Change: +59% · Conversion: Difficult
AUTO REPAIR, GARAGE
$33,485,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$37.78M
Range $34.00M – $41.56M · ±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
$501 / 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
$56,215
Tax year 2023
Assessed value
$1,586,508
Assessed 2024
Previous assessed
$1,359,609
+16.7% YoY
Effective rate
3.54%
On assessed value
Land market value
$1,923,000
Improvement market value
$7,692,200
Total market value
$9,615,200
Applied tax rate
891,503.0000
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
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
2
Total area
75,416 SF
Lot
0.76 ac (33,128 SF)
Zoning code
C-C
APN
503-98-948
UPID
US07-2215732
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Surprise, AZZoning C-C · permitted uses
C-C · Surprise, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
municipal code
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$29.2M
COMMERCIAL (GENERAL)
Est. value
$60.5M
RETAIL STORES
Est. value
$48.1M
RESTAURANT
Est. value
$46.5M
AUTO REPAIR, GARAGE
Est. value
$33.5M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
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
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
2
Lot
0.76 ac
Current owner
From public records · entity-resolved
E & V Investments LLC
Entity
Free & Clear · 17 yrs held
Mailing address
3120 W CAREFREE HWY STE 1-694, PHOENIX, AZ 85086-3282
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2016
—
Northwest Aaa LLC
—
Deed
related
$18,000,000 · Enterprise Bk
Dec 22, 2014
—
Grand Aaa LLC
—
Grant Deed
related
$21,200,000 · Midcap Funding Vi LLC Midcap Funding Vi LLC
Jan 23, 2009
—
E & V Investments LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Northwest Aaa LLC
—
Deed Of Trust
related
$18,000,000 · Enterprise Bk
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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