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Property profile & analytics
OFF-MARKET
Estimated value
$4,845,000
Office buildings
4909 Mcdowell Rd Phoenix, AZ 85008-4227
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US07-2939181
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Construction
CONCRETE
Total area
30,187 SF
Lot
1.9 ac (82,720 SF)
Zoning code
C-2
APN
125-13-041C
UPID
US07-2939181
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
-
Poulin Mark J Physician
-
LADDER Program – McDowell Health Center Counselor Addiction Treatment Center
-
Huguette Kalongo Physician
-
Lea Pannella Physician
-
Marian Letellier Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.91M
Blend (final)
Blend
$4.85M
Owner & transaction history
Terros INC · 16 yrs held
Terros INC
since 2010
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$8,015,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$7,835,000
Change: -14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,685,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$4.85M
Range $4.36M – $5.33M · ±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
$160 / 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
Assessed value
$449,421
Assessed 2024
Previous assessed
$630,570
-28.7% YoY
Land market value
$1,104,900
Improvement market value
$1,891,238
Total market value
$2,996,138
Applied tax rate
311,300.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1979
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Total area
30,187 SF
Lot
1.9 ac (82,720 SF)
Zoning code
C-2
APN
125-13-041C
UPID
US07-2939181
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZ
Zoning C-2 · permitted uses
C-2 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phoenix. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$8.0M
WAREHOUSE, STORAGE
Est. value
$7.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.7M
MEDICAL BUILDING
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
1979
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.9 ac
Current owner
From public records · entity-resolved
Terros INC
Entity
Mailing address
3003 N CENTRAL AVE STE #200, PHOENIX, AZ 85012-2914
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2020
—
Terros INC
—
Deed
related
—
Aug 5, 2016
—
Terros INC
—
Deed
related
$8,400,600 · Wells Fargo Bank NA
Feb 25, 2010
$1,650,000
Terros INC
Meridianaz Properties LLC
Special Warranty Deed
$2,175,000 · Wells Fargo Bank NA
Apr 20, 2009
$3,397,500
Meridian Az Properties LLC
Burke James L
Trustees Deed
related
—
May 16, 2008
—
Laguna Homes LLC
Trust No 06-01
Grant Deed
$340,000 · Meridian Bank
Dec 28, 2007
—
Gordon Joksimovich
Laguna Homes LLC
Warranty Deed
$75,000 · Okoneski Trust (tr)
Oct 6, 2006
$2,800,000
Laguna Homes LLC
Hnt
Grant Deed
$2,275,100 · Meridian Bank
Dec 4, 2000
—
H N T LP
Trifon Trust
Grant Deed
related
—
Aug 16, 1999
$2,100,000
Trifon Trust
Paytheon Aircaft Credit Corpor
Grant Deed
$1,600,000 · Seller
—
—
Laguna Homes LLC
—
Deed Of Trust
related
$1,104,900 · Meridian Bank
—
—
Raytheon Aircraft Credit Corp
—
Deed Of Trust
related
—
—
—
Gordon Joksimovich
—
Deed Of Trust
related
$250,000 · Mcelmurry Family Trust (tr)
—
—
Gordon Joksimovich
—
Deed Of Trust
related
$300,000 · Mcelmurry Family Trust (tr)
—
—
Gordon Joksimovich
—
Deed Of Trust
related
$300,000 · Mcelmurry Family Trust (tr)
—
—
Gordon Joksimovich
—
Deed Of Trust
related
$250,000 · Mcelmurry Family Trust (tr)
—
—
Terros INC
—
Loan Modification
related
—
—
—
Terros INC
—
Deed Of Trust
related
—
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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