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Property profile

214 E Monterey Way Phoenix, AZ 85012

FOR SALE
Medical Office Space
Property ID
US07-0988515
1,842 SF 0.21 ac lot Built 1956
Last sale Oct 2022 · $450,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property at 214 E Monterey Way is an office building constructed in 1956, located in Phoenix, Arizona. It is configured with private executive offices and a shared reception area, along with a breakroom and storage. The building is set within a maintained professional setting and includes ample parking for occupants and visitors. The office access is available on a 24/7 basis, supporting client-facing work and daily operations with shared conveniences.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value · 2024$136k
Effective rate4.70%

Value estimate

· Oct 2026
$485k
$437k – $534k
NOI build-up
Gross scheduled income$57k
Vacancy & credit loss−$15k
Operating expenses−$11k
NOI · 4.43% cap applied$32k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$265/SF
Submarket average, outlier-cleaned · 143 recorded sales of this use type
Observed band · Q1–Q3$157 – $395
Qualifying comparables3

Cap rate analysis

How does the asset earn?
4.43%
$32k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R-5
The purpose of R-5 is to provide for alternate living styles including rental, condominiums and single ownership of land with multiple un...
General categoryCOMMERCIAL
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store11.7
Tailor Shop10.2
Locksmith9.7

Location

214 E Monterey Way Phoenix, AZ 85012
County assessor Recorded deeds · 2 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 18 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
59 Lexington, Phoenix, AZ 85012-2320 $650,629 Mar 2025 1,818 SF
3522 3rd, Phoenix, AZ 85012-2332 $345,000 Dec 2022 2,413 SF
52 Monterey, Phoenix, AZ 85012-2628 $1,055,000 Dec 2022 2,955 SF
3525 Central, Phoenix, AZ 85012-2101 $6,731,217 Jun 2021 5,734 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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