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Property profile & analytics
OFF-MARKET
Estimated value
$3,500,000
Medical Office Space
1728 Glendale Ave Phoenix, AZ 85021-8860
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0016647
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1972
Construction
CONCRETE
Total area
47,339 SF
Lot
2.93 ac (127,834 SF)
Zoning code
R-5
APN
157-16-003B
UPID
US07-0016647
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
-
Dr. Umar M. Imtiaz, DDS Dental Office
-
Arizona Hernia Center Medical Clinic
-
Dr. Khosrow M. Nafisi, MD Physician
-
Valley Primary Care Physicians Medical Clinic
-
Payam Sarraf, DPM Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.50M
Owner & transaction history
Imani Wellness LLC · 2 yrs held
Imani Wellness LLC
since 2024
Last sale
$3.5M
7 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
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
$3,500,000
ML approach
$3,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.50M
Range $3.15M – $3.85M · ±10% · vs last sale $3.50M (May 22 2024)
Last sale anchor
$3.50M
May 22 2024
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
$74 / 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
$64,841
Tax year 2023
Assessed value
$1,660,209
Assessed 2024
Previous assessed
$1,660,209
+0.0% YoY
Effective rate
3.91%
On assessed value
Land market value
$1,722,800
Improvement market value
$8,339,073
Total market value
$10,061,873
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
1972
Construction
CONCRETE
Heating
HOT WATER
Cooling
REFRIGERATOR
Buildings
2
Stories
4
Units
2
Total area
47,339 SF
Lot
2.93 ac (127,834 SF)
Zoning code
R-5
APN
157-16-003B
UPID
US07-0016647
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
Building & site characteristics
From public records
Year built
1972
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
4
Buildings
2
Units
2
Lot
2.93 ac
Current owner
From public records · entity-resolved
Imani Wellness LLC
Entity
Mailing address
18672 E OLD BEAU TRL, QUEEN CREEK, AZ 85142-3521
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2024
$3,500,000
Imani Wellness LLC
1728 W Glendale LLC
Warranty Deed
$700,000 · Taroko Lending LLC
May 7, 2024
—
1728 W Glendale LLC
—
Deed
related
$2,800,000 · Imani Capital Holdings INC
Jun 16, 2023
$3,400,000
1728 W Glendale LLC
Pvazre LLC
Special Warranty Deed
—
Sep 30, 2014
$2,901,667
Pvazre LLC
1728 W Glendale Ave LLC
Grant Deed
$2,000,000 · Scali Marcella A Trust (pt)
Jul 5, 2013
$1,850,000
1728 W Glendale Ave LLC
Amenti INC
Special Warranty Deed
$1,500,000 · Wells Fargo Bank NA
Aug 20, 2004
$4,300,000
Amenti INC
Arizona Medical Plaza Cent
Warranty Deed
related
—
May 12, 2004
$3,350,000
Arizona Medical Plaza Center L
Az Med Plaza Properties Ll
Grant Deed
related
—
—
—
Amenti INC
—
Deed Of Trust
related
$250,000 · E Allen & Kathy Kelley
—
—
Amenti INC
—
Deed Of Trust
related
$1,350,000 · Rock Canyon Bank
—
—
Amenti INC
—
Deed Of Trust
related
$2,000,000 · Monumental Life Insurance
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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