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Property profile & analytics
FOR LEASE
Medical Office Space
3201 W Peoria Ave Phoenix, AZ 85029
Entity Owned
~
Est. High Equity
Property ID
US07-2756414
For Lease
1 / 6
Contact for pricing
3201 W Peoria Ave, Phoenix, AZ 85029
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Property summary
AI-generated overview
This exceptional Metro Phoenix office building, Metro Medical Plaza, offers a diverse range of spaces ideal for various business needs. Located at 3201 W Peoria Ave, Phoenix, AZ 85029, this Class B property boasts a total of 54,430 square feet across one building. The building, constructed in 1979, is conveniently situated near the intersection of 32nd Lane and Peoria Avenue, offering easy access to Interstate 17. Its zoning (C-O, Phoenix) allows for a variety of uses. The property is currently available for multiple tenants, with spaces ranging from a minimum of 1,061 square feet to a maximum contiguous space of 6,839 square feet. The building's strategic location adjacent to the Metro Center Mall Redevelopment makes it a highly desirable location for businesses seeking high visibility and convenient access to amenities. This versatile property is suitable for medical offices, traditional office spaces, and coworking arrangements, providing flexibility for a wide range of tenants. The property is located in the Metro Phoenix submarket.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1979
Construction
CONCRETE
Total area
4,928 SF
Lot
5.76 ac (251,076 SF)
Zoning code
C-O
APN
149-15-134
UPID
US07-2756414
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
-
Desert Dentistry Dental Office
-
CareATC Medical Clinic
-
Daniel Van Voorst, PT Physician
-
Arizona HOA Management Consultant
-
Stamp Medical Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Albuquerque Snf LLC
Albuquerque Snf LLC
since 2026
Last sale
$7.0M
7 recorded transactions
Zoning & alternative use
C-O · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of C-O zone is intended to provide office use as an appropriate transition between intense commercial activities and nearby residential uses
Zone name
Restricted Commercial Office
General category
COMMERCIAL
Zone area
947.73 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$97,754
Tax year 2023
Assessed value
$1,508,097
Assessed 2024
Previous assessed
$1,324,283
+13.9% YoY
Effective rate
6.48%
On assessed value
Land market value
$2,741,100
Improvement market value
$6,398,884
Total market value
$9,139,984
Applied tax rate
61,300.0000
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
For Lease
Year built
1979
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
YES
Buildings
10
Stories
1
Units
10
Total area
4,928 SF
Lot
5.76 ac (251,076 SF)
Zoning code
C-O
APN
149-15-134
UPID
US07-2756414
Jurisdiction
MARICOPA
Zoning & alternative use
C-O · Phoenix, AZZoning C-O · permitted uses
C-O · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of C-O zone is intended to provide office use as an appropriate transition between intense commercial activities and nearby residential uses
Zone name
Restricted Commercial Office
General category
COMMERCIAL
Zone area
947.73 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1979
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
10
Units
10
Lot
5.76 ac
Current owner
From public records · entity-resolved
Albuquerque Snf LLC
Entity
Mailing address
3335 E INDIAN SCHOOL RD STE #100, PHOENIX, AZ 85018-5026
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2026
$10,400,000
Albuquerque Snf LLC
Phoenix Metro LLC
Special Warranty Deed
$6,450,000 · Symetra Life Insurance Company
Jun 13, 2025
—
Phoenix Metro LLC
Phoenix Metro LLC
Deed
related
—
Apr 19, 2022
$7,000,000
Phoenix Metro LLC
712 South San Pedro LLC
Special Warranty Deed
$4,900,000 · Bankers Trust Company NA
Dec 29, 2017
—
712 South San Pedro LLC
—
Deed
related
—
Jan 30, 2008
$7,500,000
712 South San Pedro LLC
Rwr Ents LLC
Grant Deed
$3,740,948 · Scf Arizona
Jul 15, 2005
$8,250,000
Rwr Ents LLC
Leblanc Ernest & J Trust
Grant Deed
$3,917,919 · Arizona State Compensation Fun
Jul 15, 2005
—
Leblanc Ernest & Joanne Trust
E-j Metro Medical Plaza LLC
Quit Claim Deed
related
—
Jul 8, 2003
$5,250,000
E J Metro Medical Plaza LLC
Leblanc,tr
Quit Claim Deed
related
—
Apr 2, 2003
$5,250,000
Leblanc,tr
Bellvediere LLC
Grant Deed
$4,000,000 · Arizona State Compensation Fun
Jan 4, 2000
—
Herbert E Dreiseszun
R & D Metro Gp
Quit Claim Deed
related
—
Jan 4, 2000
$2,412,500
Bellvedere LLC
Roth,kenneth L
Trustees Deed
—
Aug 1, 1989
$3,300,000
R Metro
—
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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