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Property profile & analytics
OFF-MARKET
Estimated value
$38,735,000
Hospitals
2619 Pierce St, Phoenix, AZ 85008-6092
Entity Owned
Free & Clear
Property ID
US07-1243065
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1982
Construction
CONCRETE
Total area
99,088 SF
Lot
22.1 ac (962,676 SF)
Zoning code
R-5
APN
121-69-003C
UPID
US07-1243065
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$39.10M
Blend (final)
Blend
$38.74M
Owner & transaction history
MARICOPA COUNTY SPECIAL HEALTH CARE DISTRICT
MARICOPA COUNTY SPECIAL HEALTH CARE DISTRICT
Zoning & alternative use
R-5 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$52.9M
+101.2%
Auto repair, garage
$41.9M
+59.2%
Office building
$29.8M
+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
$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
Blend value · Realmo final
$38.74M
Range $34.86M – $42.61M · ±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
$5,592,017
Assessed 2024
Previous assessed
$5,034,615
+11.1% YoY
Land market value
$5,308,100
Improvement market value
$31,972,011
Total market value
$37,280,111
Applied tax rate
71,300.0000
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
1982
Construction
CONCRETE
Heating
NONE
Buildings
3
Stories
3
Units
3
Total area
99,088 SF
Lot
22.1 ac (962,676 SF)
Zoning code
R-5
APN
121-69-003C
UPID
US07-1243065
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
$26.3M
RESTAURANT
Est. value
$52.9M
AUTO REPAIR, GARAGE
Est. value
$41.9M
OFFICE BUILDING
Est. value
$29.8M
WAREHOUSE, STORAGE
Est. value
$25.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$25.2M
RETAIL STORES
Est. value
$23.9M
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
1982
Construction
CONCRETE
Heating
NONE
Stories
3
Buildings
3
Units
3
Lot
22.1 ac
Current owner
From public records · entity-resolved
MARICOPA COUNTY SPECIAL HEALTH CARE DISTRICT
Individual
Free & Clear · 0 yrs held
Mailing address
2601 E ROOSEVELT ST, PHOENIX, AZ 85008-4973
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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