Property profile

4524 Maryvale Pkwy Phoenix, AZ 85031

OFF-MARKET
Medical Office Space
Property ID
US07-0816204
23,906 SF 3.43 ac lot Built 2001
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional opportunity presents itself in the form of available medical office suites at the Medical Arts Plaza, a Class A building situated in Northwest Phoenix, Arizona. The property, located at 4524 N Maryvale Pkwy, Phoenix, AZ 85031, boasts a total of 24,406 square feet across two stories, built in 2002. The building is conveniently located near N Maryvale Pkwy and offers ample parking with 216 spaces. Two elevators serve the building's tenants. Currently, there are 11,547 square feet of vacant space available, divisible into units ranging from a minimum of 1,880 square feet to a maximum contiguous space of 9,667 square feet. The property sits on 3.43 acres of land and is zoned C. Its Maricopa County location (APN 144-44-002Z) provides easy access to a growing community. The building features modern infrastructure and is ideal for physicians and specialists seeking to establish or expand their practices. The property offers significant advantages for healthcare professionals serving this area.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2001
Construction CONCRETE
Total area 23,906 SF
Lot 3.43 ac (149,411 SF)
Zoning code R-5
APN 144-44-002Z
UPID US07-0816204

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
  • Physician
  • Pediatrician Physician
  • Physician
  • Charitable Organization Social Service Agency
  • Physician

Location

4524 Maryvale Pkwy Phoenix, AZ 85031-1730
Phoenix metro Census 109402 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
by Request
Comparable Approach Comparable
$7.42M
Blend (final) Blend
$635k

Owner & transaction history

since 2017
5 recorded transactions
2017
Price N/A
2013
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R-5 · Phoenix, AZ
Zoning description

The purpose of R-5 is to provide for alternate living styles including rental, condominiums and single ownership of land with multiple units thereon or single or attached townhomes

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $10.1M +59.2%
Office building $7.2M +13.1%
Retail stores $7.1M +12.3%

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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