Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3409 56th St Phoenix, AZ 85018-6150

    • Medical offices
    • 2,405 SF
    • 0.79 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0601693
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dental Design of Arcadia / Dental Hygienist / Dental Implants Periodontist
    • Dunn Orthodontics / Orthodontist
    • Gerald P. Woodrow, DDS / Dentist / Cosmetic Dentist
    • Dr. Louis Maro, DDS / Dentist
    • Dental Design of Arcadia - Dr. Louis Maro, DDS - Dr. William Elza, DMD / Dentist / Cosmetic Dentist

    Property Details for 3409 56th St

    Year built
    1971
    Construction
    CONCRETE
    Lot size
    0.79 lot acres
    Property size
    2,405 SF
    Zone code
    C-O
    Property type
    Medical offices
    Property subtype
    Medical space
    APN
    128-40-014A
    APU
    12840014A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.96
    Latitude
    33.4882
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $19,775
    $0.00
    $0.00
    $302,291
    -
    $867,700
    $964,366
    $1,832,066

    Comparable in this City

    • Value Estimation by Request
      9,788 SF

      4512 40th St

      MEDICAL BUILDING • 9,788 SF
      4512 40th St, Phoenix, AZ 85018-3604
      View Details
    • Value Estimation by Request
      37,666 SF

      4444 32nd St Ste, Unit 110

      MEDICAL BUILDING • 37,666 SF
      4444 32nd St Ste, Phoenix, AZ 85018-3956
      View Details
    • Value Estimation by Request
      2,034 SF

      4726 Thomas Rd

      DENTAL BUILDING • 2,034 SF
      4726 Thomas Rd, Phoenix, AZ 85018-7712
      View Details
    • Value Estimation by Request
      3,059 SF

      3423 32nd St

      MEDICAL BUILDING • 3,059 SF
      3423 32nd St, Phoenix, AZ 85018
      View Details
    • Value Estimation by Request
      2,747 SF

      3143 32nd St

      MEDICAL BUILDING • 2,747 SF
      3143 32nd St, Phoenix, AZ 85018-6283
      View Details
    • Value Estimation
      $980,000
      2,482 SF

      4519 40th St

      DENTAL BUILDING • 2,482 SF
      4519 40th St, Phoenix, AZ 85018-3603
      View Details

    Similar Nearby for Sale

    • $1,995,000
      4,110 SF

      Multi-Tenant Office/Medical Building For Sale

      Multi-tenant office/medical building in Phoenix's redevelopment area.
      3334 E Indian School Rd, Phoenix, AZ 85018
      View Details
    • $1,995,000
      4,110 SF

      Phoenix Office/Medical Building For Sale

      Office/Medical building in Phoenix's redevelopment area, ideal for owner/user.
      3334 E Indian School Rd, Phoenix, AZ 85018
      View Details
    • $1,300,000
      1,713 SF

      Phoenix Commercial Gem: Office & Warehouse

      1,713 SF Freestanding Building, $1.3M
      4709 44Th St, Phoenix, AZ 85018
      View Details
    • $1,300,000
      1,363 SF

      Freestanding House for Commercial Conversion

      Freestanding house suitable for commercial conversion with frontage.
      4709 N 44Th St, Phoenix, AZ 85018
      View Details
    • $3,750,000
      1.30 Acres

      Prime Phoenix Development Land

      1.3-Acre Commercial Lot, R-5 Zoning
      5301 Thomas Rd, Phoenix, AZ 85018
      View Details
    • $2,000,000
      2,436 SF

      Prime Phoenix Drive-Thru Restaurant Pad

      Arcadia location, high visibility, 2,436 SF
      3239 Indian School Rd, Phoenix, AZ 85018
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      1,400 SF

      Retail, Office & Medical Space

      Available space suitable for retail, office, or medical tenants.
      3601-3633 W Camelback Rd, Phoenix, AZ 85018
      View Details
    • $21 SF/Yr
      11,400 SF

      Prime Phoenix Office Space Available

      Midtown Phoenix Office Building, 2,373 SF Available
      3313 Indian School Rd, Phoenix, AZ 85018
      View Details
    • $35 SF/Yr
      75,000 SF

      The Centre: Phoenix Office Space

      Class A Office Suites, Midtown Phoenix
      4440 32Nd St, Phoenix, AZ 85018
      View Details
    • $32 SF/Yr
      4,731 SF

      Arcadia Biltmore Plaza Office Space

      Modern Medical & Office Suites Available
      4440 36Th St, Phoenix, AZ 85018
      View Details
    • $36 SF/Yr
      10,869 SF

      Medical Space Available for Rent

      Fully built-out medical space available for immediate occupancy.
      3333 E Camelback Rd, Phoenix, AZ 85018
      View Details
    • Contact for pricing
      5,675 SF

      Arcadia Turn-Key Office Space

      Turn-key office in Arcadia, suitable for various professional uses.
      4148 N Arcadia Dr, Phoenix, AZ 85018
      View Details

    Property Visit Statistics

    • Visits by month
      3.6k
    • Visitors by month
      3.7k
    • Avg Time on site
      56 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3409 56th St
    Phoenix, AZ 85018-6150
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.