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    FOR SALE
    Office buildings

    15601 N 28Th Ave, Phoenix, AZ 85053

    38,622 SF 3.86 ac lot Built 1996
    Entity Owned 9-yr Hold ~ Est. High Equity
    Property ID
    US07-0881193
    Property summary
    AI-generated overview

    This exceptional medical office building, located at 15601 N 28th Ave, Phoenix, AZ 85053, offers 38,622 square feet of versatile space. Situated on a 3.856-acre lot at the prominent intersection of Greenway and I-17, this property boasts excellent visibility and accessibility. The building, renovated in 2017, features a mix of medical and general office space, catering to diverse needs. Two available spaces range from 1,784 to 13,558 square feet, providing flexibility for various tenants. The building's amenities include lab rooms, exam rooms, operating rooms, spacious restrooms, an elevator, and two stairwells. The first floor houses general office space, medical offices, and a surgery center, while the second floor provides adaptable classroom and educational space. The property benefits from highway frontage and prominent electronic monument signage, ensuring high visibility. Its strategic location in the North Valley, near the Loop 101/I-17 interchange, Deer Valley, and TSMC within the Arizona Business Park, offers unparalleled access to a thriving business community. The property is zoned CP/GCP (the APN is 207-42-257), making it ideal for a variety of medical and professional uses. This is a rare opportunity to acquire a high-quality, well-located medical office building in a rapidly growing area.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1996
    Construction CONCRETE
    Total area 38,622 SF
    Lot 3.86 ac (167,967 SF)
    Zoning code CP/GCP
    APN 207-42-257
    UPID US07-0881193
    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
    • Ashton & Sons Electricians LLC Electrical Service General Contractor
    • Jordan Sisto, DPM Physician
    • Mark Pipher, DPM, FACFAS Physician
    • Desert Foot & Ankle Medical Clinic
    • Scott Maling, DPM, FACFAS Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $18.13M
    Blend (final) Blend
    $18.00M
    Owner & transaction history
    Research Building LLC · 9 yrs held
    Research Building LLC
    since 2017
    6 recorded transactions
    2017
    2017
    $4.3M
    1996
    $1.0M
    1996
    $255,354
    1969
    1969
    Zoning & alternative use
    CP/GCP · Phoenix, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $26.9M +132.1%
    Restaurant $20.6M +78.0%
    Auto repair, garage $16.3M +40.8%
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    More about this property
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