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Property profile & analytics
OFF-MARKET
Estimated value
$7,035,000
Medical Office Space
2423 Dunlap Ave Phoenix, AZ 85021-2830
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US07-0063358
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1992
Construction
CONCRETE
Total area
26,413 SF
Lot
3.66 ac (159,299 SF)
Zoning code
C-O
APN
158-02-014A
UPID
US07-0063358
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
-
Emergency Local Electrical Service LLC Electrical Service General Contractor
-
NHW Community Health Center Community Health Centre
-
NeuroDiagnostic Labs & Sleep Center Physician
-
Dr. Leonard Moss Physician
-
Dr. Joel S. Kleinman, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.14M
Blend (final)
Blend
$7.04M
Owner & transaction history
Boehle Properties LLC · 15 yrs held
Boehle Properties LLC
since 2011
7 recorded transactions
Zoning & alternative use
C-O · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of C-O zone is intended to provide office use as an appropriate transition between intense commercial activities and nearby residential uses
Zone name
Restricted Commercial Office
General category
COMMERCIAL
Zone area
947.73 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$11.2M
+59.2%
Office building
$9.6M
+36.4%
Retail stores
$7.9M
+12.3%
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
MEDICAL BUILDING
$7,010,000
Current use
AUTO REPAIR, GARAGE
$11,160,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$9,565,000
Change: +36% · Conversion: Easy
RETAIL STORES
$7,870,000
Change: +12% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,855,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,725,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$7.04M
Range $6.33M – $7.74M · ±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
$266 / 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
$77,352
Tax year 2023
Assessed value
$903,867
Assessed 2024
Previous assessed
$763,079
+18.4% YoY
Effective rate
8.56%
On assessed value
Land market value
$2,475,100
Improvement market value
$3,002,879
Total market value
$5,477,979
Applied tax rate
61,300.0000
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
1992
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
26,413 SF
Lot
3.66 ac (159,299 SF)
Zoning code
C-O
APN
158-02-014A
UPID
US07-0063358
Jurisdiction
MARICOPA
Zoning & alternative use
C-O · Phoenix, AZZoning C-O · permitted uses
C-O · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of C-O zone is intended to provide office use as an appropriate transition between intense commercial activities and nearby residential uses
Zone name
Restricted Commercial Office
General category
COMMERCIAL
Zone area
947.73 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$7.0M
AUTO REPAIR, GARAGE
Est. value
$11.2M
OFFICE BUILDING
Est. value
$9.6M
RETAIL STORES
Est. value
$7.9M
WAREHOUSE, STORAGE
Est. value
$6.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.7M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1992
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
3.66 ac
Current owner
From public records · entity-resolved
Boehle Properties LLC
Entity
Mailing address
6036 N 19TH AVE STE #503, PHOENIX, AZ 85015-2143
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2019
—
Boehle Properties LLC
—
Deed
related
$1,400,000 · Ks Statebank
Jan 31, 2011
$3,024,248
Boehle Properties LLC
Gyro Engineering Corp
Grant Deed
$2,268,186 · Alliance Bank Of Arizona
Mar 8, 2004
$3,750,000
Gyro Engineering Corp
Twenty Fifth Ave Medical Build
Grant Deed
—
Dec 8, 2000
$2,800,000
Twenty Fifth Ave Medical Build
John C Lincoln Health Network
Trustees Deed
$2,100,000 · First American Savings Bank
Dec 8, 2000
—
Twenty Fifth Ave Medical Build
John C Lincoln Health Network
Trustees Deed
related
—
Dec 2, 1998
$3,100,000
John C Networ
Pacificare Health Plan Adm
Grant Deed
—
Nov 17, 1998
—
Pacificare Health Plan Adminst
Pacificare Of Arizona INC
Quit Claim Deed
related
—
—
—
25th Medical Building LLC
—
Deed Of Trust
related
$10,000 · First American Savings Bank
—
—
Gyro Engineering Corp
—
Deed Of Trust
related
$3,160,000 · Zions First 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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