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Property profile & analytics
FOR LEASE
Office buildings
3802 North 53Rd Ave, Phoenix, AZ 85031
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-3282812
For Lease
1 / 10
$17 SF/Yr
3802 North 53Rd Ave, Phoenix, AZ 85031
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Construction
STEEL FRAME
Total area
40,166 SF
Lot
1.67 ac (72,571 SF)
Zoning code
C-2
APN
103-08-006R
UPID
US07-3282812
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
-
Gosnell Heather MD Pediatrician Medical Clinic
-
Desert Valley Pediatrics, Ballpark Office Medical Clinic
-
Bonanno Joseph MD Pediatrician Medical Clinic
-
Gosnell Ronald MD Pediatrician Medical Clinic
-
M.A.R. Legal Services Law Firm
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
Gad Home Solutions LLC · 1 yrs held
Gad Home Solutions LLC
since 2024
Last sale
$265,000
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 2023Property tax & assessments
Tax year 2023
Tax billed
$47,574
Tax year 2023
Assessed value
$1,174,537
Assessed 2024
Previous assessed
$1,363,009
-13.8% YoY
Effective rate
4.05%
On assessed value
Land market value
$760,800
Improvement market value
$6,357,608
Total market value
$7,118,408
Applied tax rate
831,300.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1982
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
3
Total area
40,166 SF
Lot
1.67 ac (72,571 SF)
Zoning code
C-2
APN
103-08-006R
UPID
US07-3282812
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
1982
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
3
Lot
1.67 ac
Current owner
From public records · entity-resolved
Gad Home Solutions LLC
Entity
Mailing address
12635 W PIONEER ST, AVONDALE, AZ 85323
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2024
$265,000
Gad Home Solutions LLC
Frank West Capital LLC
Warranty Deed
$256,500 · Frank West Capital LLC
Nov 14, 2023
$140,000
Guadalupe Soto Corrales
Jose Fernando Gastelum
Special Warranty Deed
—
Sep 21, 2017
—
Ninos Realty LLC
—
Deed
related
$1,320,000 · Great Western Bank
Aug 4, 2016
$1,200,000
Ninos Realty LLC
Barnes,christopher & Judy L
Grant Deed
$1,000,000 · Maurice Minardi
Dec 15, 2010
$1,450,000
Barnes,christopher & Judy L
Dale Terrace LLC
Grant Deed
$1,015,000 · Dale Terrace LLC
Dec 27, 2004
$2,100,000
Dale Terrace LLC
Cp Properties
Warranty Deed
—
Sep 10, 2001
$950,000
C P Properties
Ibew Local 769 Management Ptf
Grant Deed
$500,000 · Ibew Local 769 Management Ptf
Apr 16, 2001
—
Vintage Apartments LP
Pacific American Property Exch
Quit Claim Deed
related
—
Dec 31, 1998
—
John F Long
John F Long Properties
Quit Claim Deed
related
—
Jan 2, 1996
$1,250,000
Local 769 Ibew
Hanna Family Trust
Grant Deed
—
Jan 22, 1993
—
Hanna Family Trust
Hanna
Quit Claim Deed
related
—
Dec 3, 1990
$1,000,000
Hanna Samuel K &
Zook
Trustees Deed
—
—
—
Ibew Local 769 Management Pensio
—
Deed Of Trust
related
—
—
—
Christopher Barnes
—
Loan Modification
related
$966,661 · Private Individual
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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