Property profile

18731 Reems Rd Ste 620 Surprise, AZ 85374

OFF-MARKET
Medical Office Space
Property ID
US07-0989178
10,203 SF 0.03 ac lot Built 2004
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2004
Construction CONCRETE
Total area 10,203 SF
Lot 0.03 ac (1,375 SF)
Zoning code PAD
APN 503-60-567
UPID US07-0989178

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

18731 Reems Rd Ste, Unit 620 Surprise, AZ 85374-8644
Surprise metro Census 40531 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2023
Last sale
$216,346
2 recorded transactions
2023
Price N/A
2005
$216,346

Zoning & alternative use

PAD · Surprise, AZ
Zoning description

(PAD) zoning district prior to the adoption of this ordinance . The PAD zoning designation now serves only to preserve the governing entitlement documents adopted by city council for each PAD at the time of the adoption…

General category PLANNED_DEVELOPMENT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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