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Property profile & analytics
OFF-MARKET
Estimated value
$2,560,000
Medical Office Space
2000 Southern Ave Tempe, AZ 85282-7510
Entity Owned
3-yr Hold
Free & Clear
Property ID
US07-3470656
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1976
Construction
CONCRETE
Total area
6,151 SF
Lot
1.32 ac (57,499 SF)
Zoning code
CSS
APN
133-47-002H
UPID
US07-3470656
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. James L. Tucker III, MD Physician
-
Dr. Stephanie A. Nevins, MD Physician
-
Thomas Robert L MD Physician
-
Dr. Robin L. Prentice, MD Physician
-
Dr. Dominic J. Dessables, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$2.56M
Owner & transaction history
Medical Plaza LLC · 3 yrs held
Medical Plaza LLC
since 2022
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
CSS · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.2M
+235.8%
Industrial (general)
$3.6M
+189.5%
Retail stores
$3.2M
+157.2%
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
$3,505,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,230,000
Change: +236% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,645,000
Change: +189% · Conversion: Difficult
RETAIL STORES
$3,240,000
Change: +157% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,150,000
Change: +150% · Conversion: Difficult
OFFICE BUILDING
$1,865,000
Change: +48% · Conversion: Easy
Blend value · Realmo final
$2.56M
Range $2.30M – $2.82M · ±10% · vs last sale $3.25M (Nov 1 2022)
Last sale anchor
$3.25M
Nov 1 2022
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
$416 / 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
$30,070
Tax year 2023
Assessed value
$605,374
Assessed 2024
Previous assessed
$505,716
+19.7% YoY
Effective rate
4.97%
On assessed value
Land market value
$1,846,100
Improvement market value
$1,822,832
Total market value
$3,668,932
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
1976
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
3
Stories
1
Units
3
Total area
6,151 SF
Lot
1.32 ac (57,499 SF)
Zoning code
CSS
APN
133-47-002H
UPID
US07-3470656
Jurisdiction
MARICOPA
Zoning & alternative use
CSS · Tempe, AZ
Zoning CSS · permitted uses
CSS · Tempe, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tempe. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$4.2M
INDUSTRIAL (GENERAL)
Est. value
$3.6M
RETAIL STORES
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.2M
OFFICE BUILDING
Est. value
$1.9M
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1976
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Buildings
3
Units
3
Lot
1.32 ac
Current owner
From public records · entity-resolved
Medical Plaza LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2409 E MONTEBELLO AVE, PHOENIX, AZ 85016-2811
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2022
$3,250,000
Medical Plaza LLC
Boomerang 2000 LLC
Special Warranty Deed
—
Dec 18, 2020
$2,273,760
Boomerang 2000 LLC
Capital Arizona Garnett
Grant Deed
—
Aug 17, 2012
$1,950,000
Garnett Capital Arizona Corp
Rj 2000 Sthrn Avenue Invtrs Ll
Grant Deed
$1,200,000 · Western State Bank
May 21, 2007
$2,625,000
Rj 2000 Sthrn Avenue Invtrs Ll
2000 Plaza LLC
Grant Deed
$2,100,000 · Bank Of America
May 31, 2002
—
Gael Pardi
Pardi,john
Quit Claim Deed
related
—
May 31, 2002
$1,580,000
2000 Plaza LLC
Pardi,gael
Grant Deed
—
Sep 7, 2001
—
John Pardi
—
Deed Of Trust
related
$1,048,441 · Compass Bank
Apr 12, 1999
$1,300,000
John Pardi
Paragon West LLC
Grant Deed
—
Jan 9, 1998
$950,000
Paragon West LLC
Melba N Shill Trustee
Grant Deed
$1,017,875 · Better Homes Co Psp
—
—
John Pardi
—
Deed Of Trust
related
$1,048,441 · Compass Bank
—
—
Riata Properties LLC
—
Deed Of Trust
related
$100,000 · Robert A II Lees
—
—
Riata Properties LLC
—
Deed Of Trust
related
$100,000 · Robert A Lees II Psp/tr (tr)
—
—
Riata Properties LLC
—
Deed Of Trust
related
$525,000 · Lees Robert A II Psp/tr (tr)
—
—
Paragon W LLC
—
Deed Of Trust
related
$1,120,000 · Home National Bank
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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