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Property profile & analytics
FOR LEASE
Medical Office Space
4845 E Thunderbird Rd, Scottsdale, AZ 85254
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-0350029
For Lease
1 / 5
$2,930,000
4845 E Thunderbird Rd, Scottsdale, AZ 85254
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Property summary
AI-generated overview
This exceptional 10,617 square foot Class B office building, located at 4845 E Thunderbird Rd, Scottsdale, AZ 85254, presents a unique investment opportunity. Built in 1988, the Tatum & Thunderbird Medical Plaza offers multiple tenancy options, with a flexible minimum divisible space of 1,697 square feet and a maximum contiguous space of 6,004 square feet. Currently, the entire 10,617 square feet is vacant and immediately available. The property boasts a convenient parking ratio of 4.71 spaces per 1,000 square feet. Individual suites offer a variety of layouts to suit diverse business needs. One suite features approximately 2,916 square feet, including a private restroom, private offices, and a conference room. Another suite offers 1,697 square feet of open office space, complete with a restroom, reception area, and multiple offices. This prime Scottsdale location provides excellent visibility and accessibility, making it an ideal choice for medical practices or executive offices. Suite 3 will be available October 15, 2024. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1988
Construction
STEEL FRAME
Total area
10,419 SF
Lot
0.94 ac (40,941 SF)
Zoning code
R-O
APN
167-05-577
UPID
US07-0350029
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
-
Amelia Harris Physician
-
Dr. Andrew Goodeill Physician
-
Dr. Joshua Dutton Dental Office
-
Christopher Van Damme Physician
-
Dr. Nicole Adams Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.29M
Comparable Approach
Comparable
$2.99M
Blend (final)
Blend
$2.93M
Owner & transaction history
Calico Partners LLC · 3 yrs held
Calico Partners LLC
since 2023
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
R-O · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.8M
+31.8%
Auto repair, garage
$4.3M
+17.9%
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 Scottsdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Scottsdale 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
$3,630,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,475,000
6.5%
$2,285,000
7%
$2,120,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,640,000
Current use
RETAIL STORES
$4,800,000
Change: +32% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,295,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$3,005,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$2.93M
Range $2.64M – $3.22M · ±10% · vs last sale $2.90M (Jul 7 2023)
Last sale anchor
$2.90M
Jul 7 2023
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
$281 / 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
$30,931
Tax year 2023
Assessed value
$382,286
Assessed 2024
Previous assessed
$306,034
+24.9% YoY
Effective rate
8.09%
On assessed value
Land market value
$879,000
Improvement market value
$1,437,882
Total market value
$2,316,882
Applied tax rate
691,300.0000
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
For Lease
Year built
1988
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
10,419 SF
Lot
0.94 ac (40,941 SF)
Zoning code
R-O
APN
167-05-577
UPID
US07-0350029
Jurisdiction
MARICOPA
Zoning & alternative use
R-O · Scottsdale, AZ
Zoning R-O · permitted uses
R-O · Scottsdale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Scottsdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.6M
RETAIL STORES
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$4.3M
OFFICE BUILDING
Est. value
$3.0M
MEDICAL BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1988
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
Calico Partners LLC
Entity
Mailing address
PO BOX 5019, SANTA MARIA, CA 93456-5019
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2023
$2,900,000
Calico Partners LLC
Tatum And Thunderbird Properties Ll
Special Warranty Deed
—
Jan 17, 2017
—
Tatum & Thunderbird Properties LLC
—
Deed
related
$1,330,000 · Bank Of The West
Dec 21, 2010
$1,250,000
Tatum & Thunderbird Props LLC
Woodland Park-phoenix LLC
Grant Deed
$1,653,300 · Compass Bank
Feb 5, 2002
—
Woodland Park-phoenix LLC
Mcnaughton Trust
Grant Deed
related
—
Jul 30, 1999
$1,550,000
Mcnaughton Trust
Feller,daniel B & Sharon F
Grant Deed
—
Oct 21, 1998
—
Feller Trust
Feller,daniel B & Sharon
Quit Claim Deed
related
—
—
—
Mcnaughton Trust
—
Deed Of Trust
related
$1,200,000 · Standard Bank & Trust
—
—
Woodland Park-phoenix LLC
—
Deed Of Trust
related
$1,200,000 · Standard Bank & Trust
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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