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Property profile & analytics
OFF-MARKET
Estimated value
$375,125,000
Hospitals
2601 Roosevelt St, Phoenix, AZ 85008-4973
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US07-1378657
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1970
Construction
CONCRETE
Total area
959,568 SF
Lot
29.35 ac (1,278,530 SF)
Zoning code
R-5
APN
121-69-002D
UPID
US07-1378657
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
-
Maricopa county hospital 85008 Hospital
-
The Trauma Center at Maricopa Medical Center Medical Clinic
-
Dr. Sami Victor, MD Physician
-
Parker Andrew W DO Physician
-
Dr. Crista E. Johnson-Agbakwu, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$378.61M
Blend (final)
Blend
$375.13M
Owner & transaction history
Crisis Nursery INC · 9 yrs held
Crisis Nursery INC
since 2017
3 recorded transactions
Zoning & alternative use
R-5 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$512.4M
+101.2%
Auto repair, garage
$405.5M
+59.2%
Office building
$288.9M
+13.4%
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
$254,710,000
Current use
RESTAURANT
$512,430,000
Change: +101% · Conversion: Difficult
AUTO REPAIR, GARAGE
$405,465,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$288,935,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$249,045,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$244,240,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$231,025,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$375.13M
Range $337.61M – $412.64M · ±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
$391 / 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
Assessed value
$58,278,537
Assessed 2024
Previous assessed
$23,555,385
+147.4% YoY
Land market value
$7,049,700
Improvement market value
$381,473,883
Total market value
$388,523,583
Applied tax rate
141,300.0000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1970
Construction
CONCRETE
Heating
NONE
Buildings
16
Stories
8
Units
12
Total area
959,568 SF
Lot
29.35 ac (1,278,530 SF)
Zoning code
R-5
APN
121-69-002D
UPID
US07-1378657
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
MEDICAL BUILDING Current
Est. value
$254.7M
RESTAURANT
Est. value
$512.4M
AUTO REPAIR, GARAGE
Est. value
$405.5M
OFFICE BUILDING
Est. value
$288.9M
WAREHOUSE, STORAGE
Est. value
$249.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$244.2M
RETAIL STORES
Est. value
$231.0M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1970
Construction
CONCRETE
Heating
NONE
Stories
8
Buildings
16
Units
12
Lot
29.35 ac
Current owner
From public records · entity-resolved
Crisis Nursery INC
Entity
Mailing address
2601 E ROOSEVELT ST, PHOENIX, AZ 85008-4973
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2017
—
Crisis Nursery INC
—
Deed
related
$79,000 · Miscellaneous Govt Agcy
—
—
Gtp Towers V LLC
—
Deed Of Trust
related
—
—
—
Crisis Nursery INC
—
Deed Of Trust
related
$79,000 · Miscellaneous Govt Agcy
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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