Property profile

1616 Maryland Ave Phoenix, AZ 85016

OFF-MARKET
Medical Office Space
Property ID
US07-0941099
5,208 SF 0.6 ac lot Built 2013
Entity Owned 13-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2013
Construction CONCRETE
Total area 5,208 SF
Lot 0.6 ac (26,092 SF)
Zoning code C-1
APN 164-35-105A
UPID US07-0941099

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Physician Medical Clinic

Location

1616 Maryland Ave Phoenix, AZ 85016-1302
Phoenix metro Census 106400 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.05M
Blend (final) Blend
$385k

Owner & transaction history

since 2012
4 recorded transactions
2012
$310,000
1997
Price N/A
1992
$205,000
1969
Price N/A

Zoning & alternative use

C-1 · Phoenix, AZ
Zoning description

The purpose C-1 zone is to provide light neighborhood type retail and customer service uses designed to be compatible with each other and nearby residential districts

General category COMMERCIAL
Top alternative use upside
Restaurant $2.8M +101.2%
Auto repair, garage $2.2M +59.2%
Retail stores $1.4M +4.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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