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Property profile & analytics
OFF-MARKET
Estimated value
$8,400,000
Medical Office Space
26224 Tatum Blvd Phoenix, AZ 85050-7500
Entity Owned
2-yr Hold
Free & Clear
Property ID
US07-0991160
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1998
Construction
STEEL FRAME
Total area
13,950 SF
Lot
3.22 ac (140,386 SF)
Zoning code
C-2
APN
212-09-001S
UPID
US07-0991160
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
-
Tatum Highlands Medical & Dental Medical Clinic
-
Radiant Research Ktom Highlands Med. Medical Clinic
-
Jet Set Smiles Dental Office
-
Solomon T Woldesilassie, DDS, PC Dental Office
-
Jaclyn Cronin, DO Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.50M
Blend (final)
Blend
$8.40M
Owner & transaction history
Ag Cw Tatum Highlands Mob Owner LLC · 2 yrs held
Ag Cw Tatum Highlands Mob Owner LLC
since 2024
Last sale
$8.4M
3 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose C-2 zone is to provide commercial uses of medium intensity designed to be compatible with each other and to provide for a wide range of types of commercial activity within the district
Zone name
Intermediate Commercial
General category
COMMERCIAL
Zone area
13,095.06 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$9.7M
+162.4%
Restaurant
$7.5M
+101.2%
Auto repair, garage
$5.9M
+59.2%
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
$8,400,000
ML approach
$8,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$9,715,000
Change: +162% · Conversion: Easy
RESTAURANT
$7,450,000
Change: +101% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,895,000
Change: +59% · Conversion: Difficult
Blend value · Realmo final
$8.40M
Range $7.56M – $9.24M · ±10% · vs last sale $8.40M (Jul 11 2024)
Last sale anchor
$8.40M
Jul 11 2024
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
$602 / 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
$65,076
Tax year 2023
Assessed value
$774,415
Assessed 2024
Previous assessed
$733,431
+5.6% YoY
Effective rate
8.40%
On assessed value
Land market value
$1,561,200
Improvement market value
$3,132,224
Total market value
$4,693,424
Applied tax rate
691,300.0000
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
1998
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
13,950 SF
Lot
3.22 ac (140,386 SF)
Zoning code
C-2
APN
212-09-001S
UPID
US07-0991160
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZZoning C-2 · permitted uses
C-2 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose C-2 zone is to provide commercial uses of medium intensity designed to be compatible with each other and to provide for a wide range of types of commercial activity within the district
Zone name
Intermediate Commercial
General category
COMMERCIAL
Zone area
13,095.06 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$9.7M
RESTAURANT
Est. value
$7.5M
AUTO REPAIR, GARAGE
Est. value
$5.9M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
1998
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
3.22 ac
Current owner
From public records · entity-resolved
Ag Cw Tatum Highlands Mob Owner LLC
Entity
Free & Clear · 2 yrs held
Mailing address
30021 TOMAS AVE STE #130, RANCHO SANTA MARGARITA, CA 92688-2128
Ownership since
2024
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
Jul 11, 2024
$8,400,000
Ag Cw Tatum Highlands Mob Owner LLC
Cwrp Tatum Highlands Mob Owner LLC
Special Warranty Deed
—
Sep 25, 2020
$1,219,528
Tatum Highlands Mob Ow Cwrp
Hcpi Of Utah II LLC
Grant Deed
—
Sep 25, 2020
$5,930,472
Cwrp Tatum Highlands Mob Owner LLC
Hcpi Utah LLC
Special Warranty Deed
$4,839,000 · Western Alliance 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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