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Property profile & analytics
OFF-MARKET
Estimated value
$3,825,000
Medical Office Space
4512 40th St Phoenix, AZ 85018-3604
Entity Owned
16-yr Hold
Free & Clear
Property ID
US07-2663843
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2013
Construction
CONCRETE
Total area
9,788 SF
Lot
0.69 ac (30,000 SF)
Zoning code
C-1
APN
170-24-103G
UPID
US07-2663843
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
-
Jeffrey Bosley Physician
-
Peak Performance Gym & Fitness Center
-
Amena Deluca Physician Medical Clinic
-
Renae Slobodny Physician
-
Christopher Bengson Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.86M
Blend (final)
Blend
$3.83M
Owner & transaction history
Alsace Investors LLC · 16 yrs held
Alsace Investors LLC
since 2010
7 recorded transactions
Zoning & alternative use
C-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Zone name
Neighborhood Retail Commercial
General category
COMMERCIAL
Zone area
1,755.38 ac
Source
Realmo
Top alternative use upside
Restaurant
$5.2M
+101.2%
Auto repair, garage
$4.1M
+59.2%
Office building
$4.0M
+52.6%
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
$2,600,000
Current use
RESTAURANT
$5,225,000
Change: +101% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,135,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$3,965,000
Change: +53% · Conversion: Easy
RETAIL STORES
$2,915,000
Change: +12% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,540,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,490,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$3.83M
Range $3.44M – $4.21M · ±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
$391 / 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
Tax billed
$47,640
Tax year 2023
Assessed value
$599,969
Assessed 2024
Previous assessed
$599,969
+0.0% YoY
Effective rate
7.94%
On assessed value
Land market value
$1,169,500
Improvement market value
$2,466,674
Total market value
$3,636,174
Applied tax rate
141,300.0000
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
2013
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
9,788 SF
Lot
0.69 ac (30,000 SF)
Zoning code
C-1
APN
170-24-103G
UPID
US07-2663843
Jurisdiction
MARICOPA
Zoning & alternative use
C-1 · Phoenix, AZZoning C-1 · permitted uses
C-1 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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
Zone name
Neighborhood Retail Commercial
General category
COMMERCIAL
Zone area
1,755.38 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.6M
RESTAURANT
Est. value
$5.2M
AUTO REPAIR, GARAGE
Est. value
$4.1M
OFFICE BUILDING
Est. value
$4.0M
RETAIL STORES
Est. value
$2.9M
WAREHOUSE, STORAGE
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2013
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.69 ac
Current owner
From public records · entity-resolved
Alsace Investors LLC
Entity
Free & Clear · 16 yrs held
Mailing address
4350 E CAMELBACK RD STE A200, PHOENIX, AZ 85018-2719
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2010
$1,359,000
Alsace Investors LLC
Saxton Robert W
Trustees Deed
related
—
Aug 24, 2007
—
R Squared Partners LLC
Rivera Randy L Trust
Warranty Deed
—
Jul 27, 2007
$3,000,000
Randy L Rivera
Arciterra 40th Street LLC
Special Warranty Deed
$1,548,000 · Pacific Capital Bank
Jul 29, 2005
$1,840,000
Arciterra 40th Street LLC
40th Street & Campbell LLC
Special Warranty Deed
$2,000,000 · First Union Commercial Corp
May 26, 2000
$1,185,000
Mullard,david G & Melissa L
Tybar Management LP
Trustees Deed
—
May 26, 2000
—
40th & Campbell LLC
Mullard,david G & Melissa L
Trustees Deed
related
—
Sep 17, 1991
$503,000
Tybar Management
General American
Grant Deed
$400,000
Mar 13, 1991
$500,000
General American
Chandler
Grant Deed
—
—
—
Rivera Randy L Trust
—
Deed Of Trust
related
$1,222,000 · Cdc Small Business Finance Co
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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