Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    20040 19th Ave Phoenix, AZ 85027-4255

    • Medical offices
    • 5,334 SF
    • 1.07 lot acres
    OFF-MARKET
    Last Sale
    Apr 30, 2021
    $2,300,000
    Value Estimations
    $2,905,000
    Show details
    Cap Rate Potential
    2.4%
    Medical offices
    Location Intelligence
    Property ID
    US07-0985481
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Marie Sluka Rink / Internist
    • Tara Ostrom, MD / Internist
    • Marie Rink, MD / Internist
    • Summers Christina L / Medical Clinic
    • Twin Pediatrics P.C. / Child Health Care Centre

    Property Details for 20040 19th Ave

    Year built
    2009
    Construction
    STEEL FRAME
    Lot size
    1.07 lot acres
    Property size
    5,334 SF
    Zone code
    C-2
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    209-17-001R
    APU
    20917001R

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,175,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,104,000
      Market price range: $840k - $2.10M
      AI Estimate
      $2,065,000
      Market price range: $792k - $2.07M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,715,000
      RESTAURANT
      $2,850,000
      AUTO REPAIR, GARAGE
      $2,255,000
      OFFICE BUILDING
      $1,980,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.1
    Latitude
    33.6683
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $34,493
    $0.00
    $0.00
    $615,532
    -
    $1,654,500
    $2,075,997
    $3,730,497

    Comparable in this City

    • Value Estimation by Request
      66,335 SF

      2545 Quail Ave

      MEDICAL BUILDING • 66,335 SF
      2545 Quail Ave, Phoenix, AZ 85027-2418
      View Details
    • Value Estimation by Request
      72,240 SF

      19646 27th Ave

      MEDICAL BUILDING • 72,240 SF
      19646 27th Ave, Phoenix, AZ 85027-4017
      View Details
    • Value Estimation by Request
      4,891 SF

      20045 19th Ave Ste, Unit 140

      MEDICAL BUILDING • 4,891 SF
      20045 19th Ave Ste, Phoenix, AZ 85027-4253
      View Details
    • Value Estimation by Request
      64,112 SF

      19636 27th Ave

      MEDICAL BUILDING • 64,112 SF
      19636 27th Ave, Phoenix, AZ 85027-4013
      View Details
    • Value Estimation by Request
      8,862 SF

      2735 Un Hls Dr

      MEDICAL BUILDING • 8,862 SF
      2735 Un Hls Dr, Phoenix, AZ 85027-5033
      View Details
    • Value Estimation by Request
      5,178 SF

      20045 19th Ave Ste, Unit 151

      MEDICAL BUILDING • 5,178 SF
      20045 19th Ave Ste, Phoenix, AZ 85027-4253
      View Details

    Similar Nearby for Sale

    • $10,005,000
      45,189 SF

      Phoenix Office Investment Opportunity

      Fully Leased Medical/Office Building, Deer Valley
      19810 7Th Ave, Phoenix, AZ 85027
      View Details
    • Contact for pricing
      4.45 Acres

      Prime Phoenix Commercial Land

      4.45 Acres Near New TSMC Plant
      2117 Whispering Wind Dr, Phoenix, AZ 85027
      View Details
    • $3,000,000
      20,000 SF

      Phoenix Industrial Property for Sale

      20,000 sqft industrial property available in Phoenix, Arizona.
      1616 W Williams Dr, Phoenix, AZ 85027
      View Details
    • $2,300,000
      5,000 SF

      Express Service Car Wash Opportunity

      Express service car wash for sale in Phoenix, Arizona.
      515 E Union Hills Dr, Phoenix, AZ 85027
      View Details
    • New
      $699,000
      Pending

      Phoenix Multi-Unit Investment Opportunity

      Four remodeled units near shopping, dining, and freeway access.
      2819 W Louise Dr, Phoenix, AZ 85027
      View Details
    • New
      $165,000
      0.49 Acres

      Phoenix Land Parcel For Sale

      Land parcel available in Phoenix, Arizona.
      22419 N 27Th Ave, Phoenix, AZ 85027
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      6,249 SF

      Phoenix Office Space for Lease

      Flexible Workspaces in Prime Location
      1904 Parkside Ln, Phoenix, AZ 85027
      View Details
    • $24 SF/Yr
      81,907 SF

      Deer Valley Medical Office Space

      Phoenix Medical Office Building, 81,907 SF
      20414 27Th Ave, Phoenix, AZ 85027
      View Details
    • Contact for pricing
      8,564 SF

      Medical Office Space Available

      Two 4-story medical office buildings with free garage parking.
      19646 N 27Th Ave, Phoenix, AZ 85027
      View Details
    • Contact for pricing
      445 SF

      Medical Office Space Available

      Medical office space for rent near HonorHealth Deer Valley.
      19636 N 27Th Ave, Phoenix, AZ 85027
      View Details
    • Contact for pricing
      45,000 SF

      Medical Office in Deer Valley

      Two-story medical office space in a mixed-use project.
      20627 N 26Th Ave, Phoenix, AZ 85027
      View Details
    • $20 SF/Yr
      46,867 SF

      Deer Valley Office Space Available

      Phoenix Office Building, Newly Renovated
      19601 Black Canyon Hwy, Phoenix, AZ 85027
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    20040 19th Ave
    Phoenix, AZ 85027-4255
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.