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Property profile & analytics
OFF-MARKET
Estimated value
$1,375,000
Medical Office Space
2844 26th St Phoenix, AZ 85008
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-0384748
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1988
Construction
CONCRETE
Total area
7,002 SF
Lot
0.21 ac (9,185 SF)
Zoning code
M-H
APN
120-35-075
UPID
US07-0384748
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.39M
Blend (final)
Blend
$1.38M
Owner & transaction history
Pmak Thomas LLC · 6 yrs held
Pmak Thomas LLC
since 2019
7 recorded transactions
Zoning & alternative use
M-H · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.1M
+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
$1,860,000
Current use
OFFICE BUILDING
$2,110,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$1,815,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,780,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$1,685,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±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
$196 / 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
$12,447
Tax year 2023
Assessed value
$176,402
Assessed 2024
Previous assessed
$159,069
+10.9% YoY
Effective rate
7.06%
On assessed value
Land market value
$188,300
Improvement market value
$880,800
Total market value
$1,069,100
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1988
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
7,002 SF
Lot
0.21 ac (9,185 SF)
Zoning code
M-H
APN
120-35-075
UPID
US07-0384748
Jurisdiction
MARICOPA
Zoning & alternative use
M-H · Phoenix, AZ
Zoning M-H · permitted uses
M-H · 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
$1.9M
OFFICE BUILDING
Est. value
$2.1M
WAREHOUSE, STORAGE
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
MEDICAL BUILDING Current
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
1988
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Pmak Thomas LLC
Entity
Mailing address
181 W MADISON ST STE #4700, CHICAGO, IL 60602-4584
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2019
$1,900,000
Pmak Thomas LLC
Thomas Medical Properties LLC
Special Warranty Deed
$594,376,000 · First American Title Insurance
Feb 27, 2017
—
Thomas Medical Properties LLC
—
Grant Deed
related
$29,000,000 · Capital One NA
Jan 20, 2017
$2,000,100
Thomas Medical Props LLC
Akdhc Thomas Road R Of E Hold
Trustees Deed
$1,400,000 · Karep IV Mo Reit LLC
Jul 20, 2015
$450,000
Akdhc Thomas Road Real Estate Holdi
Mahnaz Ghaffari
Special Warranty Deed
$1,416,800 · Bank America Fsb
Jul 29, 2014
—
Mahnaz Ghaffari
Ghaffari,mahnaz
Quit Claim Deed
related
—
Jun 25, 2003
$1,000,000
Vftc,tr
Elias,tr
Grant Deed
—
Aug 3, 2001
—
Elias Trust
Elias Trust
Quit Claim Deed
related
—
Oct 20, 1998
—
Elias Trust
Advantage Builders
Grant Deed
$340,000 · Founders Bank Of Arizona
Feb 28, 1997
$175,000
Advantage Construction INC
Pamela Foley Trust
Grant Deed
$140,000 · Seller
Jun 6, 1995
$5,000
Robert P Schneider
Jaime Alcalde-infante
Grant Deed
—
Sep 2, 1994
$200,000
Jaime Alcalde-infante
Reamer
Grant Deed
$110,000 · Homestar INC
Jun 9, 1993
$250,000
Sharon Reamer
S & H Investment
Grant Deed
—
—
—
Elias Trust
—
Deed Of Trust
related
$470,000 · Founders Bank Of Arizona
—
—
Elias Trust
—
Deed Of Trust
related
$200,000 · Founders Bank Of Arizona
—
—
E F Foley & Co INC Profit Sharin
—
Deed Of Trust
related
—
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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