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Property profile & analytics
OFF-MARKET
Estimated value
$97,760,000
Hospitals
19829 27th Ave, Phoenix, AZ 85027-4001
Individually Owned
3-yr Hold
Free & Clear
Property ID
US07-1048842
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1987
Construction
STEEL FRAME
Total area
250,068 SF
Lot
13.46 ac (586,130 SF)
Zoning code
C-2
APN
209-16-018F
UPID
US07-1048842
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
-
Gift Shop (Bike/Boat/Book/etc) Store
-
HonorHealth Emergency Center - Deer Valley Hospital
-
Dr. Ace Ovil Physician
-
NICHOLE MARIE KRUEGER Physician
-
Maitem Jonathan A DO Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$98.67M
Blend (final)
Blend
$97.76M
Owner & transaction history
Honorhealth · 3 yrs held
Honorhealth
since 2023
1 recorded transaction
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$133.5M
+101.2%
Auto repair, garage
$105.7M
+59.2%
Office building
$92.8M
+39.8%
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
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
$66,380,000
Current use
RESTAURANT
$133,540,000
Change: +101% · Conversion: Difficult
AUTO REPAIR, GARAGE
$105,665,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$92,825,000
Change: +40% · Conversion: Easy
RETAIL STORES
$74,515,000
Change: +12% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$63,650,000
Change: -4% · Conversion: Difficult
WAREHOUSE, STORAGE
$62,545,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$97.76M
Range $87.98M – $107.54M · ±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
$391 / 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
$164,693
Tax year 2023
Assessed value
$24,680,412
Assessed 2024
Previous assessed
$16,237,110
+52.0% YoY
Effective rate
0.67%
On assessed value
Land market value
$19,026,200
Improvement market value
$144,042,265
Total market value
$163,068,465
Applied tax rate
971,300.0000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1987
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
REFRIGERATOR
Buildings
9
Stories
4
Total area
250,068 SF
Lot
13.46 ac (586,130 SF)
Zoning code
C-2
APN
209-16-018F
UPID
US07-1048842
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZ
Zoning C-2 · permitted uses
C-2 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phoenix. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$66.4M
RESTAURANT
Est. value
$133.5M
AUTO REPAIR, GARAGE
Est. value
$105.7M
OFFICE BUILDING
Est. value
$92.8M
RETAIL STORES
Est. value
$74.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$63.7M
WAREHOUSE, STORAGE
Est. value
$62.5M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1987
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
4
Buildings
9
Lot
13.46 ac
Current owner
From public records · entity-resolved
Honorhealth
Individual
Free & Clear · 3 yrs held
Mailing address
8125 N HAYDEN RD, SCOTTSDALE, AZ 85258-2463
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2023
—
Honorhealth
John C Lincoln Health Network
Intrafamily Transfer
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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