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Property profile & analytics
FOR LEASE
Medical Office Space
20401 N 73Rd St Scottsdale, AZ 85255
Entity Owned
13-yr Hold
Free & Clear
Property ID
US07-1230212
For Lease
Contact for pricing
20401 N 73Rd St, Scottsdale, AZ 85255
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Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Construction
CONCRETE
Total area
47,102 SF
Lot
4.36 ac (189,970 SF)
Zoning code
C-O
APN
212-31-163M
UPID
US07-1230212
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
-
Kelsey Madden Physician Medical Clinic
-
John Williams, MD Plastic Surgery Physician Medical Clinic
-
Penny VanPatten, PA Physician
-
Elizabeth Stricker Physician
-
Kaitlyn Schallenberger Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.65M
Blend (final)
Blend
$17.46M
Owner & transaction history
Hcp Mob Scottsdale LLC · 13 yrs held
Hcp Mob Scottsdale LLC
since 2012
1 recorded transaction
Zoning & alternative use
C-O · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
dential District (except the R-5 district). Regional Shopping Center (C-S) Neighborhood Commercial (C-1) Central Business (C-2) Highway Commercial (C-3) General Commercial (C-4) Support Services (S-S) Commercial Office (C-O) Planned Regional Center (PRC) Planned Convenience Center (PCoC) • Minimum 10-foot wide landscape buffer on the side and rear property l…
Zone name
Commercial Office
General category
COMMERCIAL
Zone area
122.61 ac
Top alternative use upside
Commercial (general)
$23.0M
+40.0%
Retail stores
$21.7M
+31.8%
Auto repair, garage
$19.4M
+17.9%
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 Scottsdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Scottsdale 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
$16,455,000
Current use
COMMERCIAL (GENERAL)
$23,035,000
Change: +40% · Conversion: Easy
RETAIL STORES
$21,695,000
Change: +32% · Conversion: Difficult
AUTO REPAIR, GARAGE
$19,410,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$17.46M
Range $15.71M – $19.21M · ±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
$371 / 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
$153,703
Tax year 2023
Assessed value
$2,255,619
Assessed 2024
Previous assessed
$2,244,170
+0.5% YoY
Effective rate
6.81%
On assessed value
Land market value
$4,385,200
Improvement market value
$9,285,221
Total market value
$13,670,421
Applied tax rate
691,400.0000
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
For Lease
Year built
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
2
Total area
47,102 SF
Lot
4.36 ac (189,970 SF)
Zoning code
C-O
APN
212-31-163M
UPID
US07-1230212
Jurisdiction
MARICOPA
Zoning & alternative use
C-O · Scottsdale, AZZoning C-O · permitted uses
C-O · Scottsdale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
dential District (except the R-5 district). Regional Shopping Center (C-S) Neighborhood Commercial (C-1) Central Business (C-2) Highway Commercial (C-3) General Commercial (C-4) Support Services (S-S) Commercial Office (C-O) Planned Regional Center (PRC) Planned Convenience Center (PCoC) • Minimum 10-foot wide landscape buffer on the side and rear property lines abutting any Residential District, except in the Old Town Area. or • A minimum
Zone name
Commercial Office
General category
COMMERCIAL
Zone area
122.61 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$16.5M
COMMERCIAL (GENERAL)
Est. value
$23.0M
RETAIL STORES
Est. value
$21.7M
AUTO REPAIR, GARAGE
Est. value
$19.4M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
4.36 ac
Current owner
From public records · entity-resolved
Hcp Mob Scottsdale LLC
Entity
Free & Clear · 13 yrs held
Mailing address
1920 MAIN ST STE #1200, IRVINE, CA 92614-7230
Ownership since
2012
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
Aug 7, 2012
$12,838,186
Hcp Mob Scottsdale LLC
Scottsdale Mem Health Svcs Co
Grant Deed
—
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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