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Property profile & analytics
OFF-MARKET
Estimated value
$2,570,000
Medical Office Space
364 Virginia Ave Phoenix, AZ 85004
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US07-0304259
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1984
Construction
CONCRETE
Total area
12,541 SF
Lot
0.24 ac (10,525 SF)
Zoning code
R-5
APN
118-45-079
UPID
US07-0304259
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.61M
Blend (final)
Blend
$2.57M
Owner & transaction history
Aecy LLC · 7 yrs held
Aecy LLC
since 2019
4 recorded transactions
Zoning & alternative use
R-5 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.8M
+13.9%
Retail stores
$3.7M
+12.3%
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
$3,330,000
Current use
OFFICE BUILDING
$3,790,000
Change: +14% · Conversion: Easy
RETAIL STORES
$3,735,000
Change: +12% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,255,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,190,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$2.57M
Range $2.31M – $2.83M · ±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
$205 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$29,217
Tax year 2022
Assessed value
$330,215
Assessed 2024
Previous assessed
$282,931
+16.7% YoY
Effective rate
8.85%
On assessed value
Land market value
$205,000
Improvement market value
$1,796,300
Total market value
$2,001,300
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
1984
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
2
Total area
12,541 SF
Lot
0.24 ac (10,525 SF)
Zoning code
R-5
APN
118-45-079
UPID
US07-0304259
Jurisdiction
MARICOPA
Zoning & alternative use
R-5 · Phoenix, AZ
Zoning R-5 · permitted uses
R-5 · 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
$3.3M
OFFICE BUILDING
Est. value
$3.8M
RETAIL STORES
Est. value
$3.7M
WAREHOUSE, STORAGE
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.2M
MEDICAL BUILDING Current
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
1984
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
0.24 ac
Current owner
From public records · entity-resolved
Aecy LLC
Entity
Mailing address
8445 E TETON CIR, MESA, AZ 85207-1409
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2019
—
Aecy LLC
Virginia Medical Properties LLC
Re-recorded Document
related
$1,800,000 · Desert Financial Cu
Mar 29, 2019
$3,600,000
Aecy LLC
Virginia Medical Properties LLC
Warranty Deed
$1,800,000 · Desert Financial Cu
Feb 15, 2006
—
370 E Virginia Avenue LLC
Satkar Investments LLC
Warranty Deed
related
—
Jul 3, 2002
$1,100,000
Satkar Investments LLC
370 East Virginia Investors
Grant Deed
$800,000 · Bank Of America
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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