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Property profile & analytics
OFF-MARKET
Estimated value
$4,430,000
Medical Office Space
349 Coronado Rd Phoenix, AZ 85004-1525
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-0342269
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Construction
CONCRETE
Total area
11,652 SF
Lot
1.07 ac (46,538 SF)
Zoning code
C-O/G-O
APN
118-54-033
UPID
US07-0342269
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
-
Arizona Digestive Health: Dietitian Office Medical Clinic
-
Arizona Digestive Health: Phoenix Coronado Physician
-
Dr. Fredrick I. Kenny, MD Physician
-
Phoenix Endoscopy, LLC Medical Clinic Hospital
-
Digestive Health Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.60M
Blend (final)
Blend
$4.43M
Owner & transaction history
Koetsier Farms LP · 5 yrs held
Koetsier Farms LP
since 2021
Last sale
$4.3M
7 recorded transactions
Zoning & alternative use
C-O/G-O · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.2M
+101.2%
Auto repair, garage
$4.9M
+59.2%
Office building
$3.5M
+13.9%
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
$5,935,000
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
$3,095,000
Current use
RESTAURANT
$6,220,000
Change: +101% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,925,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$3,520,000
Change: +14% · Conversion: Easy
RETAIL STORES
$3,470,000
Change: +12% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,025,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,965,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$4.43M
Range $3.99M – $4.87M · ±10% · vs last sale $4.30M (Feb 19 2021)
Last sale anchor
$4.30M
Feb 19 2021
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
$380 / 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
$44,963
Tax year 2023
Assessed value
$641,716
Assessed 2024
Previous assessed
$533,766
+20.2% YoY
Effective rate
7.01%
On assessed value
Land market value
$1,479,200
Improvement market value
$2,409,987
Total market value
$3,889,187
Applied tax rate
11,303.0000
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
2003
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
11,652 SF
Lot
1.07 ac (46,538 SF)
Zoning code
C-O/G-O
APN
118-54-033
UPID
US07-0342269
Jurisdiction
MARICOPA
Zoning & alternative use
C-O/G-O · Phoenix, AZ
Zoning C-O/G-O · permitted uses
C-O/G-O · 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
$3.1M
RESTAURANT
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$4.9M
OFFICE BUILDING
Est. value
$3.5M
RETAIL STORES
Est. value
$3.5M
WAREHOUSE, STORAGE
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
2003
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
Koetsier Farms LP
Entity
Mailing address
4200 E CARTER RD, FARMINGTON, CA 95230-9623
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2021
$4,300,000
Koetsier Farms LP
Kdm Real Estate LLC
Special Warranty Deed
$575,000 · Credit Union 1
Mar 3, 2003
—
Kdm Real Estate LLC
—
Trustees Deed
related
$1,740,000 · Desert Hills Bank
Apr 3, 2002
$569,280
Kdm Real Estate LLC
Steele Foundation INC
Grant Deed
$630,000 · Desert Hills Bank
Apr 4, 1996
$189,512
Steele Foundation INC
E B Hitchcock
Grant Deed
—
Dec 14, 1995
$138,027
E B Hitchcock
Hitchcock Investments INC
Grant Deed
related
—
Oct 30, 1987
—
Edward Oldsmobil
—
Deed Of Trust
related
—
—
—
Kdm Real Estates LLC
—
Deed Of Trust
related
$1,948,000 · American Fidelity Assurance Co
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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