Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4120 108th Ave Ste, Unit 103 Phoenix, AZ 85037-5773

    • Medical Office Space
    • 4,518 SF
    • 0.03 lot acres
    OFF-MARKET
    Last Sale
    Apr 17, 2020
    $212,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0540793
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Shelly Tellman / Registered General Nurse
    • Singh Harsimran MD / Pediatrician / Physician
    • All Family Care, P.C. / Medical Clinic
    • Mark Carter / Physician
    • Rachel Ortiz / Physician

    Property Details for 4120 108th Ave Ste

    Year built
    2005
    Construction
    CONCRETE
    Lot size
    0.03 lot acres
    Property size
    4,518 SF
    Zone code
    C-O
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    102-58-672
    APU
    10258672

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.294
    Latitude
    33.4943
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,824
    $0.00
    $0.00
    $56,348
    -
    $68,300
    $273,200
    $341,500

    Comparable in this City

    • Value Estimation by Request
      3.07 Acres

      10240 Indian School Rd

      MEDICAL BUILDING • 3.07 Acres
      10240 Indian School Rd, Phoenix, AZ 85037-5904
      View Details
    • Value Estimation
      $22,445,000
      70,514 SF

      9321 Thomas Rd

      MEDICAL BUILDING • 70,514 SF
      9321 Thomas Rd, Phoenix, AZ 85037-3387
      View Details
    • Value Estimation
      $755,000
      4,932 SF

      9150 Indian School Rd Ste, Unit 122

      MEDICAL BUILDING • 4,932 SF
      9150 Indian School Rd Ste, Phoenix, AZ 85037-2387
      View Details
    • Value Estimation
      $755,000
      4,932 SF

      9150 Indian School Rd Ste, Unit 127

      MEDICAL BUILDING • 4,932 SF
      9150 Indian School Rd Ste, Phoenix, AZ 85037-2388
      View Details
    • Value Estimation
      $1,515,000
      9,905 SF

      9515 Camelback Rd Ste, Unit 120

      MEDICAL BUILDING • 9,905 SF
      9515 Camelback Rd Ste, Phoenix, AZ 85037-1365
      View Details
    • Value Estimation
      $1,510,000
      9,878 SF

      8410 Thomas Rd Ste, Unit 120

      MEDICAL BUILDING • 9,878 SF
      8410 Thomas Rd Ste, Phoenix, AZ 85037-3356
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,373 SF

      Medical Office Condo For Sale

      Fully built-out medical office condo with high visibility.
      8410 W Thomas Rd, Phoenix, AZ 85037
      View Details
    • $1,058,400

      Turnkey Medical Office Condo For Sale

      2,520 SF medical office condo with 7 wet exam rooms.
      9515 W Camelback Rd, Phoenix, AZ 85037
      View Details
    • Contact for pricing
      2,536 SF

      Medical/Healthcare Office Space Available

      West valley location with convenient parking and signage options.
      4110 N 108Th Ave, Phoenix, AZ 85037
      View Details
    • $1,058,400

      Turnkey Medical Office Condo

      Medical office condo with wet exam rooms and convenient location.
      9515 W Camelback Rd, Phoenix, AZ 85037
      View Details
    • Contact for pricing
      9,744 SF

      Phoenix Office Redevelopment Opportunity

      9,744 SF Office/Land, Multi-Tenant
      91st Ave & Indian School Rd, Phoenix, AZ 85037
      View Details
    • $2,500,000
      8,276 SF

      Executive Office Building, Phoenix

      Prime West Phoenix Office, Owner/User
      4115 108Th Ave, Phoenix, AZ 85037
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
      131,632 SF

      Estrella Medical Plaza: Glendale Office Space

      Premium Glendale medical office suites available.
      9305 Thomas Rd, Phoenix, AZ 85037
      View Details
    • $31 SF/Yr
      60,000 SF

      Estrella Medical Plaza II Suites Available

      Phoenix Medical Office Space for Lease
      9321 Thomas Rd, Phoenix, AZ 85037
      View Details
    • Contact for pricing
      4,790 SF

      Medical Office Near Banner Estrella

      Medical office space with freeway access and monument signage.
      9250 W Thomas Rd, Phoenix, AZ 85037
      View Details
    • $28 SF/Yr
      82,729 SF

      Phoenix Office Suite for Lease

      Class A Office Space, Prime Location
      1860 95Th Ln, Phoenix, AZ 85037
      View Details
    • Contact for pricing
      5,089 SF

      Phoenix Office Space For Rent

      5,089 square foot office space available for rent.
      1690 N 95Th Ln, Phoenix, AZ 85037
      View Details
    • Contact for pricing
      6,250 SF

      Retail Space Available For Rent

      Retail space available with major tenants and housing growth nearby.
      10045 W Camelback Rd, Phoenix, AZ 85037
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4120 108th Ave Ste, Unit 103
    Phoenix, AZ 85037-5773
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!