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Property profile & analytics
OFF-MARKET
Estimated value
$171,725,000
Hospitals
1400 Dobson Rd, Mesa, AZ 85202-4707
Individually Owned
Free & Clear
Property ID
US07-0813718
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1976
Construction
STEEL FRAME
Total area
443,274 SF
Lot
22.96 ac (1,000,147 SF)
Zoning code
NC
APN
134-43-006C
UPID
US07-0813718
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
-
Banner MD Anderson Cancer Center at Banner Desert Medical Center Medical Clinic Hospital
-
Children hospital Hospital
-
Banner Desert Medical Center Cardiac and Pulmonary Rehabilitation Medical Clinic
-
Robert Califano, PhD: Psychology Physician Medical Clinic
-
Banner Children's Specialists Critical Care Clinic Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$171.72M
Blend (final)
Blend
$171.73M
Owner & transaction history
BANNER HEALTH SYSTEM
BANNER HEALTH SYSTEM
Zoning & alternative use
NC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$284.4M
+145.0%
Restaurant
$283.7M
+144.4%
Auto repair, garage
$195.3M
+68.2%
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 Mesa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mesa 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
$116,100,000
Current use
COMMERCIAL (GENERAL)
$284,435,000
Change: +145% · Conversion: Easy
RESTAURANT
$283,720,000
Change: +144% · Conversion: Difficult
AUTO REPAIR, GARAGE
$195,330,000
Change: +68% · Conversion: Difficult
RETAIL STORES
$116,185,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$171.73M
Range $154.55M – $188.90M · ±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
$387 / 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
Assessed value
$47,344,582
Assessed 2024
Previous assessed
$47,094,165
+0.5% YoY
Land market value
$11,322,900
Improvement market value
$304,307,646
Total market value
$315,630,546
Applied tax rate
41,000.0000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1976
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Stories
4
Units
5
Total area
443,274 SF
Lot
22.96 ac (1,000,147 SF)
Zoning code
NC
APN
134-43-006C
UPID
US07-0813718
Jurisdiction
MARICOPA
Zoning & alternative use
NC · Mesa, AZ
Zoning NC · permitted uses
NC · Mesa, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mesa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$116.1M
COMMERCIAL (GENERAL)
Est. value
$284.4M
RESTAURANT
Est. value
$283.7M
AUTO REPAIR, GARAGE
Est. value
$195.3M
RETAIL STORES
Est. value
$116.2M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
1976
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
5
Units
5
Lot
22.96 ac
Current owner
From public records · entity-resolved
BANNER HEALTH SYSTEM
Individual
Free & Clear · 0 yrs held
Mailing address
2901 N CENTRAL AVE STE #160, PHOENIX, AZ 85012-2702
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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