1802 E Thomas Rd Phoenix, AZ 85016
- Office buildings
- 14,385 SF
- 1.13 lot acres
Current Use by Public Records
- Gary W. Diekmann, DC / Alternative Medicine Practice
- Flanagan Judy / Law Firm
- Munoz Josue A / Law Firm
- Arizona Interfaith Network / Social Service Agency / Charitable Organization
- Westways Staffing Services / Employment Agency
Property Details for 1802 E Thomas Rd
- Year built
- 1973
- Construction
- CONCRETE
- Lot size
- 1.13 lot acres
- Property size
- 14,385 SF
- Zone code
- R-5
- Property type
- Office buildings
- APN
- 119-34-005
- APU
- 11934005
Description
This exceptional 15,510-square-foot medical office building in Phoenix, Arizona, presents a unique investment opportunity. Situated on a 1.13-acre lot at 1802 E Thomas Rd, zip code 85016, this single-tenant property boasts a prime location, offering convenient access to State Route 51, ensuring easy commutes throughout the Phoenix metropolitan area. Built in 1973, the property comprises two single-story buildings, providing ample space for a variety of medical or office uses. The building features 76 total parking spaces, ensuring convenient parking for staff and patients. Its prominent location on Thomas Road offers excellent visibility with monument signage opportunities. The property's proximity to major medical facilities, including the Phoenix Children's Hospital Main Campus and Abrazo Heart Hospital, makes it an ideal location for medical practices seeking a strong presence in a thriving healthcare hub. The entire 15,510 square feet is currently vacant, presenting a blank canvas for a new tenant to customize the space to their specific needs. The property's APN is 119-34-005, and it is located in Maricopa County. This is a rare opportunity to acquire a well-positioned medical office building in a high-demand area.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,645,000
- AI Estimate
- $2,616,000
Market price range: $1.42M - $5.58MMarket price range: $876k - $5.58M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $3,740,000 Current use
- RETAIL STORES
- $3,985,000 Change: +7% Conversion: Moderate
- MEDICAL BUILDING
- $3,820,000 Change: +2% Conversion: Easy
- WAREHOUSE, STORAGE
- $3,735,000 Change: -0% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $3,660,000 Change: -2% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.043
- Latitude
- 33.4808
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA