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Property profile & analytics
OFF-MARKET
Estimated value
$5,940,000
Medical Office Space
3115 Lincoln Dr Phoenix, AZ 85016-2317
Entity Owned
Absentee Owner
Free & Clear
Property ID
US07-3408098
Property summary
AI-generated overview
Lincoln View Plaza, located at 3115 E Lincoln Dr in Phoenix, Arizona (zip code 85016), offers exceptional retail space for lease. This Maricopa County property presents a fantastic opportunity for businesses seeking prime commercial real estate in a high-traffic area. The plaza features multiple tenancy options, with four individual spaces currently available, ranging in size from 1,794 square feet to 4,000 square feet. The flexible space allows for customization to suit various business needs. The property's strategic location at the southwest corner of 32nd Street and Lincoln Drive ensures high visibility and accessibility for customers. This makes it an ideal location for businesses seeking maximum exposure and convenient access for their clientele. The property type is classified as retail, but also includes office and commercial space options within the available units, providing versatility for a range of potential tenants. Interested parties are encouraged to inquire about lease terms and specific space availability. The property's coordinates are 33.5301735 latitude and -112.0142671 longitude. This vibrant Phoenix location offers a strong potential for business growth and success.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1980
Construction
CONCRETE
Total area
15,200 SF
Lot
8.39 ac (365,686 SF)
Zoning code
C-1
APN
164-69-934A
UPID
US07-3408098
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
-
Base Pizzeria Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.00M
Blend (final)
Blend
$5.94M
Owner & transaction history
Landwin Chandler LLC
Landwin Chandler LLC
since 2025
1 recorded transaction
Zoning & alternative use
C-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose C-1 zone is to provide light neighborhood type retail and customer service uses designed to be compatible with each other and nearby residential districts
Zone name
Neighborhood Retail Commercial
General category
COMMERCIAL
Zone area
1,755.38 ac
Source
Realmo
Top alternative use upside
Restaurant
$8.1M
+101.2%
Auto repair, garage
$6.4M
+59.2%
Retail stores
$4.2M
+4.4%
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
$4,035,000
Current use
RESTAURANT
$8,115,000
Change: +101% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,425,000
Change: +59% · Conversion: Difficult
RETAIL STORES
$4,210,000
Change: +4% · Conversion: Difficult
OFFICE BUILDING
$3,950,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$3,945,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,870,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$5.94M
Range $5.35M – $6.53M · ±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
Tax billed
$229,799
Tax year 2023
Assessed value
$3,362,111
Assessed 2024
Previous assessed
$3,125,552
+7.6% YoY
Effective rate
6.83%
On assessed value
Land market value
$11,230,300
Improvement market value
$9,146,128
Total market value
$20,376,428
Applied tax rate
381,300.0000
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
1980
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
1
Total area
15,200 SF
Lot
8.39 ac (365,686 SF)
Zoning code
C-1
APN
164-69-934A
UPID
US07-3408098
Jurisdiction
MARICOPA
Zoning & alternative use
C-1 · Phoenix, AZZoning C-1 · permitted uses
C-1 · 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-1 zone is to provide light neighborhood type retail and customer service uses designed to be compatible with each other and nearby residential districts
Zone name
Neighborhood Retail Commercial
General category
COMMERCIAL
Zone area
1,755.38 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$4.0M
RESTAURANT
Est. value
$8.1M
AUTO REPAIR, GARAGE
Est. value
$6.4M
RETAIL STORES
Est. value
$4.2M
OFFICE BUILDING
Est. value
$4.0M
WAREHOUSE, STORAGE
Est. value
$3.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.9M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1980
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Lot
8.39 ac
Current owner
From public records · entity-resolved
Landwin Chandler LLC
Entity
Free & Clear · 0 yrs held
Mailing address
17200 VENTURA BLVD STE #206, ENCINO, CA 91316-4087
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2025
—
Landwin Chandler LLC
Lincoln View Plaza LLC
Warranty Deed
—
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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