Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2619 Pierce St Phoenix, AZ 85008-6092

    • Hospitals
    • 99,088 SF
    • 22.10 lot acres
    OFF-MARKET
    Value Estimations
    $38,735,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1243065
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Celjo Adnan MD / Physician
    • Sweeney Michael W MD / Physician
    • Maricopa Behavioral Health Annex / Medical Clinic
    • Jonathan Sarsiat / Physician
    • Valleywise Behavioral Health Center – Phoenix / Crisis Center / Medical Clinic

    Property Details for 2619 Pierce St

    Year built
    1982
    Construction
    CONCRETE
    Lot size
    22.10 lot acres
    Property size
    99,088 SF
    Zone code
    R-5
    Property type
    Hospitals
    APN
    121-69-003C
    APU
    12169003C

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $39,096,000
      Market price range: $15.6M - $39.1M
      AI Estimate
      $38,376,000
      Market price range: $14.7M - $38.4M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $26,300,000
      Current use
      RESTAURANT
      $52,915,000
      Change: +101% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $41,870,000
      Change: +59% Conversion: Difficult
      OFFICE BUILDING
      $29,835,000
      Change: +13% Conversion: Easy
      WAREHOUSE, STORAGE
      $25,715,000
      Change: -2% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $25,220,000
      Change: -4% Conversion: Difficult
      RETAIL STORES
      $23,855,000
      Change: -9% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.025
    Latitude
    33.4561
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $0.00
    $0.00
    $5,592,017
    -
    $5,308,100
    $31,972,011
    $37,280,111

    Comparable in this City

    • Value Estimation by Request
      959,568 SF

      2601 Roosevelt St

      HOSPITAL - PRIVATE • 959,568 SF
      2601 Roosevelt St, Phoenix, AZ 85008-4973
      View Details
    • Value Estimation by Request
      549,172 SF

      400 32nd St

      MEDICAL BUILDING • 549,172 SF
      400 32nd St, Phoenix, AZ 85008-6205
      View Details
    • Value Estimation by Request
      1,634 SF

      1826 43rd St

      HOMES (RETIRED, NURSING) • 1,634 SF
      1826 43rd St, Phoenix, AZ 85008-4013
      View Details
    • Value Estimation
      $2,040,000
      6,233 SF

      1620 48th St

      HOMES (RETIRED, NURSING) • 6,233 SF
      1620 48th St, Phoenix, AZ 85008-7723
      View Details
    • Value Estimation by Request
      15,360 SF

      2645 24Th St

      Schools • 15,360 SF
      2645 24Th St, Phoenix, AZ 85008
      View Details
    • Value Estimation
      $1,420,000
      4,334 SF

      3421 Melvin St

      HOMES (RETIRED, NURSING) • 4,334 SF
      3421 Melvin St, Phoenix, AZ 85008
      View Details

    Similar Nearby for Sale

    • $392,730
      1,482 SF

      Phoenix Office Condo: Prime Location

      1,482 SF, Updated Medical/Creative Office
      4801 Mcdowell Rd, Phoenix, AZ 85008
      View Details
    • $550,000

      Phoenix Fourplex with High Occupancy

      Fourplex in Phoenix with strong occupancy history and income potential.
      2444 E Willetta St, Phoenix, AZ 85008
      View Details
    • $860,000

      Phoenix Triplex with Development Potential

      Triplex in Phoenix with development potential for additional units.
      2646 E Willetta St, Phoenix, AZ 85008
      View Details
    • $649,900

      Updated Triplex in Phoenix Location

      Fully updated triplex in a prime Phoenix location.
      4838 E Willetta St, Phoenix, AZ 85008
      View Details
    • $1,685,000

      Thirteen on 32nd Street

      Multifamily properties
      525 32Nd St, Phoenix, AZ 85008
      View Details
    • $995,000

      Updated Multifamily Property with Expansion Potential

      Five updated units with in-unit laundry and expansion possibilities.
      1714 N 32Nd St, Phoenix, AZ 85008
      View Details

    Similar Nearby for Lease

    • $31 SF/Yr
      1,257 SF

      Phoenix Office Space Available

      Office space for rent near Phoenix Sky Harbor Airport.
      730 Sublease, Phoenix, AZ 85008
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Arcadia Neighborhood

      Retail space for rent in high-traffic Arcadia neighborhood.
      4404 E Oak St, Phoenix, AZ 85008
      View Details
    • Contact for pricing
      5,917 SF

      Warehouse Space Available For Rent

      End cap warehouse space with evaporative cooling, available 6/1/2025.
      4625 W Mcdowell Rd, Phoenix, AZ 85008
      View Details
    • Contact for pricing
      11,400 SF

      Phoenix Warehouse with McDowell Frontage

      Warehouse space with excellent freeway access and storefront suites.
      2732-2734 W Mcdowell Rd, Phoenix, AZ 85008
      View Details
    • Contact for pricing
      39,636 SF

      Phoenix Warehouse Space Available

      Available warehouse space with freeway visibility in Phoenix, Arizona.
      4615 W Mcdowell Rd, Phoenix, AZ 85008
      View Details
    • Contact for pricing
      17,201 SF

      Phoenix Office Space For Rent

      17,201 square foot office space available for rent.
      4646 Gateway Blvd, Phoenix, AZ 85008
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2619 Pierce St
    Phoenix, AZ 85008-6092
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.