1550 Maryland Ave Phoenix, AZ 85014-1499
Property profile & analytics
1550 Maryland Ave Phoenix, AZ 85014-1499
- Medical Office Space
- 4,175 SF
- 0.35 lot acres
Property ID
US07-3466713
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.
Location Intelligence
Current Use by Public Records
- Paragon Services, LLC / Landscaping / General Contractor
- North Mountain Dentistry / Dental Office
- Michael J. Fratantoro CPA PLLC / Accounting Firm / Tax Preparation
- Seymour L Rosen DDS / Dental Office
- Valley Family Physicians Ltd / Medical Clinic
Property Details for 1550 Maryland Ave
- Year built
- 1981
- Construction
- CONCRETE
- Lot size
- 0.35 lot acres
- Property size
- 4,175 SF
- Zone code
- C-1
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 161-08-066C
- APU
- 16108066C
Description
This single-story, 4,210-square-foot office building in Phoenix, Arizona, presents a unique owner-user opportunity with existing income. Located at 1550 E. Maryland Ave, near the prominent intersection of 16th Street and Maryland, this property offers exceptional visibility thanks to its monument signage. The building, constructed in 1981, sits on a 0.35-acre lot and is zoned C-1. Currently, approximately 2,500 square feet is available for an owner-occupier, while a stable, long-term dental tenant occupies the remaining space, generating approximately $51,000 in annual net rental income. The tenant is under a triple-net (NNN) lease with a 10-year term commencing August 1, 2020, and expiring July 31, 2030, leaving 5.7 years remaining. Rent increases are built in at 3% annually. The building's occupancy is currently at 40%, with full occupancy projected for October 1, 2024. This investment opportunity allows for immediate income generation while providing space for a business to grow. The asking price is $1,625,000. The property's Maricopa County APN is 161-08-066C. This is a rare opportunity to acquire a well-located office building with strong visibility and a stable income stream.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $744,000
- AI Estimate
- $723,000
Market price range: $657k - $1.65MMarket price range: $620k - $1.62M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,110,000 Current use
- AUTO REPAIR, GARAGE
- $1,765,000 Change: +59% Conversion: Difficult
- RETAIL STORES
- $1,245,000 Change: +12% Conversion: Difficult
- OFFICE BUILDING
- $1,105,000 Change: -0% Conversion: Easy
- WAREHOUSE, STORAGE
- $1,085,000 Change: -2% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,065,000 Change: -4% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.048
- Latitude
- 33.5313
- 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
$12,020
$0.00
$0.00
$94,303
-
$158,500
$413,031
$571,531
