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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Medical Office Space
1635 Glendale Ave 204 Phoenix, AZ 85021-8813
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-3282155
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1966
Construction
CONCRETE
Total area
2,481 SF
Lot
0.27 ac (11,974 SF)
Zoning code
R-5
APN
156-44-016C
UPID
US07-3282155
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
-
Rajesh Thiraviam Pillai Pediatrician Physician
-
Purna Chettri Pediatrician Physician
-
Ruth Hoskins Physician
-
1st Care Medical Clinic - Appointment or Walk-in Medical Clinic
-
Dr. Rajesh T. Thiraviam Pillai, MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$823k
Blend (final)
Blend
$880k
Owner & transaction history
Sri Ganesha Ventures LLC · 1 yrs held
Sri Ganesha Ventures LLC
since 2025
Last sale
$945,000
4 recorded transactions
Zoning & alternative use
R-5 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of R-5 is to provide for alternate living styles including rental, condominiums and single ownership of land with multiple units thereon or single or attached townhomes
Zone name
Multifamily Residence Restricted Commercial
General category
COMMERCIAL
Zone area
4,750.37 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$1.1M
+59.2%
Office building
$900,000
+36.4%
Retail stores
$740,000
+12.3%
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 Phoenix submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phoenix 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
$660,000
Current use
AUTO REPAIR, GARAGE
$1,050,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$900,000
Change: +36% · Conversion: Easy
RETAIL STORES
$740,000
Change: +12% · Conversion: Difficult
WAREHOUSE, STORAGE
$645,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$630,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$880k
Range $792k – $968k · ±10% · vs last sale $945k (Jan 11 2025)
Last sale anchor
$945k
Jan 11 2025
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
$355 / 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
Tax billed
$5,600
Tax year 2023
Assessed value
$104,184
Assessed 2024
Previous assessed
$90,083
+15.7% YoY
Effective rate
5.38%
On assessed value
Land market value
$259,100
Improvement market value
$372,321
Total market value
$631,421
Applied tax rate
61,300.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1966
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
2,481 SF
Lot
0.27 ac (11,974 SF)
Zoning code
R-5
APN
156-44-016C
UPID
US07-3282155
Jurisdiction
MARICOPA
Zoning & alternative use
R-5 · Phoenix, AZZoning R-5 · permitted uses
R-5 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of R-5 is to provide for alternate living styles including rental, condominiums and single ownership of land with multiple units thereon or single or attached townhomes
Zone name
Multifamily Residence Restricted Commercial
General category
COMMERCIAL
Zone area
4,750.37 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$660,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$900,000
RETAIL STORES
Est. value
$740,000
WAREHOUSE, STORAGE
Est. value
$645,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$630,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1966
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Sri Ganesha Ventures LLC
Entity
Mailing address
3030 80TH AVE SE UNIT #204, MERCER ISLAND, WA 98040-2964
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2025
$945,000
Sri Ganesha Ventures LLC
Glendale Property Management LLC
Special Warranty Deed
$945,000 · Bank Of America NA
May 23, 2006
—
Glendale Property Mgmt LLC
Toloui,shawn & Roya
Quit Claim Deed
related
—
Jan 31, 2006
$387,500
Shawn Toloui
Abraham E & H Fam Trust
Warranty Deed
—
Oct 24, 1995
—
Robert E George
Robert George
Quit Claim Deed
related
—
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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