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Property profile & analytics
OFF-MARKET
Estimated value
$14,630,000
Medical Office Space
202 Earll Dr Ste 370a, Phoenix, AZ 85012-2634
Entity Owned
Free & Clear
Property ID
US07-2251006
Property summary
AI-generated overview
This exceptional executive office building, located at 202 E Earll Dr, Phoenix, AZ 85012, presents a compelling investment opportunity. The property, identified by APN 118-34-643, boasts 11,782 square feet and is currently offered at $5,049,429, representing a price per square foot of $428.57 and a 7.00% capitalization rate. The building is zoned R-5 and features a multi-tenant occupancy with a 5-year NNN lease in place. The lease is for a well-established vascular practice and will commence upon the closing of escrow. This prime mid-town Phoenix location offers convenient access to major transportation arteries including the light rail, SR-51, Loop 101, and Loop 202. Numerous retail amenities and hospitals are also within close proximity. The property includes ample parking, both garage and surface, along with approximately 32 wet exam rooms and outdoor balconies. Building and monument signage opportunities are also available. This is a rare opportunity to acquire a high-performing asset in a desirable location with strong tenant occupancy and a proven track record.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1986
Construction
STEEL FRAME
Total area
95,638 SF
Lot
0.14 ac (6,291 SF)
Zoning code
R-5
APN
118-34-644
UPID
US07-2251006
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
-
NCS Engineering Engineer
-
Delta Systems Engineering Electrical Engineer Engineering Consultant
-
Dr. Holly Hendin, MD Physician
-
Maria Jones Law Firm Law Firm
-
Bobcares (Poornam Inc) IT Consulting Firm (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.05M
Blend (final)
Blend
$14.63M
Owner & transaction history
MASHUK LLC
MASHUK LLC
Zoning & alternative use
R-5 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
NEIGHBORHOOD: SHOPPING CENTER
$24,345,000
Change: -4% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$21,040,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$14.63M
Range $13.17M – $16.09M · ±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
$153 / 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
$17,502
Tax year 2023
Assessed value
$235,488
Assessed 2024
Previous assessed
$235,488
+0.0% YoY
Effective rate
7.43%
On assessed value
Land market value
$285,400
Improvement market value
$1,141,800
Total market value
$1,427,200
Applied tax rate
81,300.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
4
Units
2
Total area
95,638 SF
Lot
0.14 ac (6,291 SF)
Zoning code
R-5
APN
118-34-644
UPID
US07-2251006
Jurisdiction
MARICOPA
Zoning & alternative use
R-5 · Phoenix, AZ
Zoning R-5 · permitted uses
R-5 · 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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$24.3M
INDUSTRIAL (GENERAL)
Est. value
$21.0M
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
1986
Construction
STEEL FRAME
Heating
NONE
Stories
4
Buildings
2
Units
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
MASHUK LLC
Entity
Free & Clear · 0 yrs held
Mailing address
202 E EARLL DR STE 370A, PHOENIX, AZ 85012-2634
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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