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Property profile & analytics
OFF-MARKET
Estimated value
$1,525,000
Medical Office Space
1844 Baseline Rd Tempe, AZ 85283-1510
Trust Owned
28-yr Hold
Free & Clear
Property ID
US07-1174704
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1979
Construction
CONCRETE
Total area
4,760 SF
Lot
2.36 ac (103,019 SF)
Zoning code
RO
APN
133-36-004U
UPID
US07-1174704
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
-
Mr. John Davis Physician
-
Shawn Gorsline Physician
-
Edward Hardy Physician
-
Duane Blau Physician
-
Dr. Carlos R. Baez, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.53M
Owner & transaction history
Ingebritson Trust · 28 yrs held
Ingebritson Trust
since 1997
4 recorded transactions
Zoning & alternative use
RO · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R/O district allows professional and administrative services, live work, and limited retail uses on small parcels located between higher intensity commercial and multi use zones and residential zones.
Zone name
Residential And Office
General category
COMMERCIAL
Zone area
185.94 ac
Source
Realmo
Top alternative use upside
Retail stores
$2.5M
+157.2%
Neighborhood: shopping center
$2.4M
+145.3%
Office building
$1.2M
+21.9%
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 Tempe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tempe 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
$975,000
Current use
RETAIL STORES
$2,505,000
Change: +157% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,390,000
Change: +145% · Conversion: Difficult
OFFICE BUILDING
$1,190,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$1.53M
Range $1.37M – $1.68M · ±10%
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
$320 / 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
$38,857
Tax year 2023
Assessed value
$731,114
Assessed 2024
Previous assessed
$661,606
+10.5% YoY
Effective rate
5.31%
On assessed value
Land market value
$1,527,500
Improvement market value
$2,903,496
Total market value
$4,430,996
Applied tax rate
31,600.0000
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
1979
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
1
Units
3
Total area
4,760 SF
Lot
2.36 ac (103,019 SF)
Zoning code
RO
APN
133-36-004U
UPID
US07-1174704
Jurisdiction
MARICOPA
Zoning & alternative use
RO · Tempe, AZZoning RO · permitted uses
RO · Tempe, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R/O district allows professional and administrative services, live work, and limited retail uses on small parcels located between higher intensity commercial and multi use zones and residential zones.
Zone name
Residential And Office
General category
COMMERCIAL
Zone area
185.94 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$975,000
RETAIL STORES
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
OFFICE BUILDING
Est. value
$1.2M
MEDICAL BUILDING Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1979
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
2.36 ac
Current owner
From public records · entity-resolved
Ingebritson Trust
Trust
Free & Clear · 28 yrs held
Mailing address
1760 E PECOS RD STE #447, GILBERT, AZ 85295-3209
Ownership since
1997
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
Dec 18, 1997
—
Ingebritson Trust
Ingebritson Trust
Quit Claim Deed
related
—
Dec 18, 1997
$1,700,000
Coffman Ranch Co
Primus LLP
Trustees Deed
—
May 17, 1991
$1,435,000
Ingerbritson Gor
Tempe Medical Lt
Grant Deed
—
—
—
Tempe Medical Pa
—
Deed Of Trust
related
$1,435,000 · Seller
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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