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Property profile & analytics
OFF-MARKET
Estimated value
$7,130,000
Medical Office Space
3830 Van Buren St Phoenix, AZ 85008-6920
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0547691
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1964
Construction
CONCRETE
Total area
19,019 SF
Lot
0.28 ac (12,001 SF)
Zoning code
C-3
APN
121-13-021
UPID
US07-0547691
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
-
Mountain park health center Medical Clinic
-
Carhartt Wylie MD Physician
-
Jill Richey Physician
-
Erin Reed Physician
-
Emma Edwards-Keltgen Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.23M
Blend (final)
Blend
$7.13M
Owner & transaction history
Vb Partners LLC · 4 yrs held
Vb Partners LLC
since 2021
6 recorded transactions
Zoning & alternative use
C-3 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.2M
+101.2%
Auto repair, garage
$8.0M
+59.2%
Office building
$5.7M
+13.4%
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
$5,050,000
Current use
RESTAURANT
$10,155,000
Change: +101% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,035,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$5,725,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$4,935,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,840,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$4,580,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$7.13M
Range $6.42M – $7.84M · ±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
$375 / 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
Assessed value
$915,769
Assessed 2024
Previous assessed
$765,510
+19.6% YoY
Land market value
$626,700
Improvement market value
$5,478,425
Total market value
$6,105,125
Applied tax rate
311,300.0000
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
1964
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
YES
Buildings
4
Stories
2
Units
4
Total area
19,019 SF
Lot
0.28 ac (12,001 SF)
Zoning code
C-3
APN
121-13-021
UPID
US07-0547691
Jurisdiction
MARICOPA
Zoning & alternative use
C-3 · Phoenix, AZ
Zoning C-3 · permitted uses
C-3 · 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
$5.1M
RESTAURANT
Est. value
$10.2M
AUTO REPAIR, GARAGE
Est. value
$8.0M
OFFICE BUILDING
Est. value
$5.7M
WAREHOUSE, STORAGE
Est. value
$4.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.8M
RETAIL STORES
Est. value
$4.6M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1964
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
4
Units
4
Lot
0.28 ac
Current owner
From public records · entity-resolved
Vb Partners LLC
Entity
Mailing address
3003 N CENTRAL AVE STE #1600, PHOENIX, AZ 85012-2908
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2021
$2,312,000
Vb Partners LLC
Marshall Properties INC
Special Warranty Deed
$1,600,000 · Wells Fargo Bank NA
Feb 28, 2012
—
Mountain Park Health Center
Van Buren Phoenix LLC
Grant Deed
related
—
Feb 6, 2012
$2,410,000
Mountain Park Health Center
Van Buren Phoenix LLC
Grant Deed
$1,928,000 · Compass Bank
May 18, 2010
—
Van Buren Phoenix LLC
Barry Allen Reiss PC Psp
Quit Claim Deed
related
—
Feb 25, 2010
$1,500,000
Barry Allen Reiss Psp PC
Phoenix Settlement Svcs L
Trustees Deed
—
Jun 5, 2008
—
Windsor Gateway LLC
Owner Name Unavailable
Grant Deed
related
—
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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