Property profile

4501 W Indian School Rd Phoenix, AZ 85031

FOR LEASE
Medical Office Space
Property ID
US07-2663733
1,955 SF 0.13 ac lot Built 1962
Individually Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Phoenix commercial property presents a unique owner-user opportunity. Priced at $829,900, this 1,955 square foot Class B medical office building boasts a 100% occupancy rate, generating a current NOI of $75,000 and a pro-forma NOI of $144,000, representing a 9.04% cap rate and a pro-forma cap rate of 17.35%. Situated on a desirable 5,794 square foot corner lot at 4501 W Indian School Rd, Phoenix, AZ 85031 (APN 107-23-001), this single-story, 1962-built building features ample parking (10 spaces) and is zoned C-1. The interior offers a well-appointed reception area, private offices, and private restrooms, with high ceilings and tile flooring. Its prime location in a high-traffic area provides excellent visibility and accessibility to major roads, public transportation, and amenities. The established dental practice adds immediate income potential, making this a compelling investment for both business owners and investors seeking a strong return. The seller may offer owner financing. Don't miss this chance to acquire a thriving business and valuable real estate in a vibrant Phoenix neighborhood.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1962
Construction CONCRETE
Total area 1,955 SF
Lot 0.13 ac (5,794 SF)
Zoning code C-1
APN 107-23-001
UPID US07-2663733

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Dental Office

Location

4501 W Indian School Rd Phoenix, AZ 85031
Phoenix metro Census 110002 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$95k

Owner & transaction history

since 2024
Last sale
$75,000
6 recorded transactions
2024
$650,000
2023
Price N/A
2011
Price N/A
1993
$75,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-1 · Phoenix, AZ
Zoning description

The purpose C-1 zone is to provide light neighborhood type retail and customer service uses designed to be compatible with each other and nearby residential districts

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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