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Property profile & analytics
OFF-MARKET
Medical Office Space
3525 Central Ave, Phoenix, AZ 85012-2101
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-2675514
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1968
Construction
CONCRETE
Total area
5,734 SF
Lot
0.32 ac (13,870 SF)
Zoning code
C-2
APN
118-33-070A
UPID
US07-2675514
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
-
Scanning Nations Storage Facility
-
Banner Surgery Center - Central Phoenix Medical Clinic Hospital
-
Advanced Spine and Pain - ASAP Surgery Centers Medical Clinic Hospital
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
825 Cowper LLC · 5 yrs held
825 Cowper LLC
since 2021
Last sale
$6.7M
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 2022Property tax & assessments
Tax year 2022
Tax billed
$28,049
Tax year 2022
Assessed value
$359,213
Assessed 2024
Previous assessed
$359,213
+0.0% YoY
Effective rate
7.81%
On assessed value
Land market value
$901,500
Improvement market value
$1,275,551
Total market value
$2,177,051
Applied tax rate
81,300.0000
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
1968
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
5,734 SF
Lot
0.32 ac (13,870 SF)
Zoning code
C-2
APN
118-33-070A
UPID
US07-2675514
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZ
Zoning C-2 · permitted uses
C-2 · 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.
Building & site characteristics
From public records
Year built
1968
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
825 Cowper LLC
Entity
Mailing address
90 90TH BOX #4053, LOS ALTOS, CA 94024
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2021
$6,731,217
825 Cowper LLC
Central Corners LLC
Special Warranty Deed
$2,272,217 · First Citizens Bank & Trust Co
Jun 4, 2021
—
Pain In The Neck LLC
Central Corners LLC
Special Warranty Deed
—
Nov 12, 2019
—
Central Corners LLC
Gk Invs LLC
Correction Deed
related
—
Oct 31, 2019
—
Central Corners LLC
—
Trustees Deed
related
$2,219,104 · First Citizens Bk
Nov 30, 2018
$1,000,000
Central Corners LLC
Gk Investments LLC
Grant Deed
—
Sep 28, 2011
—
Gk Investments LLC
Kg Investments LLC
Quit Claim Deed
related
—
Mar 25, 1993
$135,000
Kg Investments
Payne
Grant Deed
—
Oct 25, 1991
$125,000
John Payne
Trustee
Grant 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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