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    42104 Venture Dr Ste A102 Phoenix, AZ 85086-3824
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    Property profile & analytics

    42104 Venture Dr Ste A102 Phoenix, AZ 85086-3824

    View on Map
    • Office buildings
    • 6,839 SF
    • 0.00 lot acres
    Off-Market
    Property ID
    US07-1570281
    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.
    Value Estimations
    $1,205,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Matt Garner - Fairway Independent Mortgage- / Loan Service / Bank
    • Law Office of Florence M. Bruemmer, PC / Law Firm / Child Welfare Organization
    • North Valley Family Dentistry - Anthem / Dental Office
    • Anthem Dental Office / Dental Office
    • Majestic Dentistry / Dental Office

    Property Details for 42104 Venture Dr Ste A102

    Year built
    2003
    Construction
    CONCRETE
    Lot size
    0.00 lot acres
    Property size
    6,839 SF
    Zone code
    C-2
    Property type
    Office buildings
    APN
    203-03-546
    APU
    20303546

    Description

    This exceptional 2,153-square-foot medical office condo, located at 42104 N Venture Dr, Bldg D, Ste 114, New River, AZ 85086, presents a fantastic investment opportunity. Situated in a Class B building constructed in 2004, this vacant space is ideally suited for a variety of medical practices. The asking price is $860,000, translating to $399 per square foot. The property features a convenient net-net-net (NNN) lease structure. Zoned C-2, it offers ample parking with a 4.5 spaces per 1,000 square feet ratio. The interior is already built out for office use, boasting a functional layout that includes four private offices, a conference room, two restrooms, a bullpen area, and three separate entrances. Its strategic location offers easy access to a range of amenities and enjoys high visibility due to building and monument signage. The property's convenient proximity to the I-17 Freeway ensures excellent accessibility. The Assessor's Parcel Number (APN) is 203-03-573. This turnkey medical office condo is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,202,000
      Market price range: $230k - $1.52M
      AI Estimate
      $1,202,000
      Market price range: $230k - $1.52M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,060,000
      Current use
      MEDICAL BUILDING
      $1,815,000
      Change: +71% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,775,000
      Change: +67% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,740,000
      Change: +64% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.142
    Latitude
    33.8665
    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
    $3,616
    $0.00
    $0.00
    $38,973
    -
    $47,200
    $189,000
    $236,200

    Comparable in this City

    • Value Estimation
      $6,035,000
      27,188 SF

      41810 Venture Dr, Unit F

      OFFICE BUILDING • 27,188 SF
      41810 Venture Dr, Phoenix, AZ 85086-3169
      View Details
    • Value Estimation
      $835,000
      12,071 SF

      42104 Venture Dr Ste B108

      OFFICE BUILDING • 12,071 SF
      42104 Venture Dr Ste B108, Phoenix, AZ 85086-3827
      View Details
    • Value Estimation
      $1,960,000
      8,896 SF

      4111 Innovative Dr Ste, Unit 102

      OFFICE BUILDING • 8,896 SF
      4111 Innovative Dr Ste, Phoenix, AZ 85086-3852
      View Details
    • Value Estimation
      $1,960,000
      8,896 SF

      4111 Innovative Dr Ste, Unit 104

      OFFICE BUILDING • 8,896 SF
      4111 Innovative Dr Ste, Phoenix, AZ 85086-3852
      View Details
    • Value Estimation
      $1,705,000
      7,673 SF

      34975 Nn Vly Pkwy Ste, Unit 110

      OFFICE BUILDING • 7,673 SF
      34975 Nn Vly Pkwy Ste, Phoenix, AZ 85086-4029
      View Details
    • Value Estimation
      $1,210,000
      5,460 SF

      34975 Nn Vly Pkwy Ste, Unit 118

      OFFICE BUILDING • 5,460 SF
      34975 Nn Vly Pkwy Ste, Phoenix, AZ 85086-4029
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,158 SF

      Office Building in Anthem Community

      Office building in master-planned Anthem Community with freeway visibility.
      41810 N Venture Dr, Phoenix, AZ 85086
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      26,166 SF

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      26,166 SF building on 1.61 acres near I-17.
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      Industrial Space in Anthem Commerce

      Industrial space with office and warehouse components in Phoenix, Arizona.
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      2,153 SF

      Anthem Office/Medical Condo For Sale

      Office/Medical condo available for sale in Anthem, Arizona.
      42104 N Venture Dr Bldg D, Anthem, AZ 85086
      View Details
    • Contact for pricing
      11,533 SF

      Spacious Industrial Condo with Office

      Industrial condo with warehouse, office, and gated parking.
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      Anthem Office/Medical Condo For Sale

      Office/medical condo available in Anthem, Arizona, near I-17.
      42104 N Venture Dr Bldg D, Anthem, AZ 85086
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      30,361 SF

      Anthem Office and Medical Space

      Office and medical space available for lease in Anthem, Arizona.
      3715 W Anthem Way, Anthem, AZ 85086
      View Details
    • Contact for pricing
      1,523 SF

      Medical Office in Anthem, Arizona

      Move-in ready medical offices with high-traffic location and ample parking.
      3624 W Anthem Way, Anthem, AZ 85086
      View Details
    • Contact for pricing
      5,480 SF

      Medical Office Complex For Rent

      Move-in ready medical offices in a four-building complex.
      3618 W Anthem Way, Anthem, AZ 85086
      View Details
    • $30 SF/Yr
      3,189 SF

      Anthem Office/Medical Space Available

      Premier office/medical space with 11 private offices and ample parking.
      42104 North Venture Dr, Anthem, AZ 85086
      View Details
    • $1.05 SF/Yr
      2,048 SF

      Versatile Space Near I-17 Freeway

      Adaptable space near I-17, suitable for office, retail, or medical.
      42211 N 41St Dr, Phoenix, AZ 85086
      View Details
    • Contact for pricing
      1,386 SF

      Medical Office Complex with Parking

      Move-in ready medical offices with high parking ratio.
      3654 W Anthem Way, Anthem, AZ 85086
      View Details
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    Phoenix, AZ 85086-3824
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    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
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