Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    14640 Tatum Blvd Phoenix, AZ 85032-4824

    • Medical Office Space
    • 9,880 SF
    • 1.99 lot acres
    OFF-MARKET
    Last Sale
    Mar 27, 2024
    $4,125,000
    Value Estimations
    $3,995,000
    Show details
    Cap Rate Potential
    6.2%
    Medical Office Space
    Location Intelligence
    Property ID
    US07-0394979
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • After Hours Primary Care / Medical Clinic
    • Skin by Delta / Medical Clinic / Skin Care Clinic
    • KS Aesthetics LLC / Medical Clinic / Skin Care Clinic
    • Tatum Pediatric Dentistry James Guymon, DDS / Dental Office
    • Pinnacle Chiropractic: Dr. Daniel Lipman, DC / Alternative Medicine Practice

    Property Details for 14640 Tatum Blvd

    Year built
    1984
    Construction
    CONCRETE
    Lot size
    1.99 lot acres
    Property size
    9,880 SF
    Zone code
    C-O
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    215-70-009G
    APU
    21570009G

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,898,000
      Market price range: $1.56M - $3.90M
      AI Estimate
      $3,826,000
      Market price range: $1.47M - $3.83M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $2,625,000
      Current use
      RESTAURANT
      $5,275,000
      Change: +101% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,175,000
      Change: +59% Conversion: Difficult
      OFFICE BUILDING
      $2,990,000
      Change: +14% Conversion: Easy
      RETAIL STORES
      $2,775,000
      Change: +6% Conversion: Difficult
      WAREHOUSE, STORAGE
      $2,565,000
      Change: -2% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,515,000
      Change: -4% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.978
    Latitude
    33.6202
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $56,939
    $0.00
    $0.00
    $740,119
    -
    $1,705,400
    $2,780,167
    $4,485,567

    Comparable in this City

    • Value Estimation
      $4,465,000
      29,188 SF

      Phoenix, AZ 85032

      MEDICAL BUILDING • 29,188 SF
      Phoenix, AZ 85032
      View Details
    • Value Estimation
      $1,820,000
      5,288 SF

      16620 40th Stb

      MEDICAL BUILDING • 5,288 SF
      16620 40th Stb, Phoenix, AZ 85032-3348
      View Details
    • Value Estimation
      $4,650,000
      16,119 SF

      16251 Cave Crk Rd

      MEDICAL BUILDING • 16,119 SF
      16251 Cave Crk Rd, Phoenix, AZ 85032-2976
      View Details
    • Value Estimation
      $1,820,000
      5,288 SF

      16620 40th St Ste F

      MEDICAL BUILDING • 5,288 SF
      16620 40th St Ste F, Phoenix, AZ 85032-3336
      View Details
    • Value Estimation
      $655,000
      2,800 SF

      3010 Cactus Rd

      MEDICAL BUILDING • 2,800 SF
      3010 Cactus Rd, Phoenix, AZ 85032-7113
      View Details
    • Value Estimation
      $1,870,000
      6,992 SF

      3229 Greenway Rd

      MEDICAL BUILDING • 6,992 SF
      3229 Greenway Rd, Phoenix, AZ 85032-4508
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      23,089 SF

      Office and Medical Buildings For Sale

      Two-building office and medical property with long-term tenants.
      16421 N Tatum Blvd, Phoenix, AZ 85032
      View Details
    • $1,400,000
      3,340 SF

      Modern Office Condo For Sale

      Recently renovated office condo in North Paradise Valley submarket.
      15601 N 40Th St, Phoenix, AZ 85032
      View Details
    • Contact for pricing
      18,146 SF

      Fully Leased Multi-Tenant Investment Property

      Unique adaptive reuse project completed in 2023, fully leased.
      13802 North 32Nd St, Phoenix, AZ 85032
      View Details
    • Contact for pricing
      7,120 SF

      Freestanding Commercial Building Near PV

      7,120 SF building near Paradise Valley Mall redevelopment.
      12630 N 48Th St, Phoenix, AZ 85032
      View Details
    • Contact for pricing

      Freestanding Office Building in Phoenix

      Well-maintained 1,779 SF office building with easy highway access.
      3307 E Thunderbird Rd, Phoenix, AZ 85032
      View Details
    • $523,500

      Renovated Phoenix Office Condo

      Single-story office condo with recent renovations and reserved parking.
      15255 40Th St, Phoenix, AZ 85032
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      23,059 SF

      Medical Plaza Near Abrazo Scottsdale

      Medical plaza on Abrazo Scottsdale campus with high visibility.
      3805 East Bell Rd, Phoenix, AZ 85032
      View Details
    • $17 SF/Yr
      41,979 SF

      Phoenix Medical Office Plaza

      Prime Phoenix medical suites available
      16601 40Th St, Phoenix, AZ 85032
      View Details
    • Contact for pricing

      Medical Office Space Available Now

      Medical office space for lease in a convenient location.
      3933 E Edna Ave, Phoenix, AZ 85032
      View Details
    • Contact for pricing

      Phoenix Hospital for Lease

      Short-term acute care hospital in north Phoenix/Scottsdale area.
      3815 E Bell Rd, Phoenix, AZ 85032
      View Details
    • Contact for pricing

      Medical Office Space Available

      Medical and office building with frontage on Bell Rd.
      3805 E Bell Rd, Phoenix, AZ 85032
      View Details
    • Contact for pricing
      3,300 SF

      Office/Medical Condo for Lease

      Office/Medical condo for lease, perfect for medical office.
      4550 E Bell Rd, Phoenix, AZ 85032
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    14640 Tatum Blvd
    Phoenix, AZ 85032-4824
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!