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Property profile & analytics
OFF-MARKET Estimated value $720,000
Retail space

1804 Elliot Rd Tempe, AZ 85284-1703

753 SF 0.92 ac lot Built 2020
Trust Owned 10-yr Hold Free & Clear
Property ID
US07-3343351
Property summary
AI-generated overview

This exceptional 3,700 square foot medical office building is located at 1804 W Elliot Rd in Tempe, Arizona, within Maricopa County. Built in 1997, this single-story, single-tenant property offers a unique opportunity for medical professionals. The building's 3,700 square feet provide ample space for a variety of medical practices. Its previous use as an urgent care facility suggests a readily adaptable layout suitable for similar medical services. The property's convenient location in Tempe offers excellent accessibility and visibility. The building's single-story design ensures ease of access for patients and staff. This freestanding building presents a rare opportunity to acquire a well-maintained medical office space in a thriving Arizona market. The property is classified as both Retail and Office, reflecting its versatile potential. The building's single-tenant occupancy simplifies management and provides a stable investment opportunity. This is an ideal property for medical professionals seeking a well-established location in a high-demand area. The property's location in Maricopa County, Arizona, offers access to a large and growing patient base. The zip code is 85284. This turnkey solution requires minimal capital investment for immediate occupancy.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2020
Construction CONCRETE
Total area 753 SF
Lot 0.92 ac (39,988 SF)
Zoning code PCC-1
APN 301-49-697B
UPID US07-3343351
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. Quirino B. Valeros, MD Pediatrician Physician
  • Dr. Elizabeth A. Sutherland, MD Physician
  • Dr. John C. Gray, MD Pediatrician Medical Clinic
  • Dr. Justin F. Weiss, MD Physician Medical Clinic
  • Dr. Afeworki O. Kidane, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$719k
Blend (final) Blend
$720k
Owner & transaction history
Brown 1998 Trust · 10 yrs held
Brown 1998 Trust
since 2015
3 recorded transactions
2015
$1.7M
2007
$513,946
2000
$525,000
Zoning & alternative use
PCC-1 · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $520,000 +30.5%
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