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Property profile & analytics
OFF-MARKET
Estimated value
$8,150,000
Medical Office Space
5040 15th Ave Phoenix, AZ 85015-3328
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-1600705
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1982
Construction
STEEL FRAME
Total area
50,912 SF
Lot
1.4 ac (60,890 SF)
Zoning code
C-O
APN
156-38-043A
UPID
US07-1600705
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
-
Sun Valley Family Medicine Medical Clinic
-
Phoenix Midtown VA Clinic Medical Clinic
-
Brent Nelson Pediatrician Physician
-
Charu Chopra Physician
-
Paul Gagliano Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.15M
CAP Approach
CAP
$11.17M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.15M
Owner & transaction history
Golden Phoenix Investment Group LLC · 1 yrs held
Golden Phoenix Investment Group LLC
since 2024
Last sale
$8.2M
7 recorded transactions
Zoning & alternative use
C-O · 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
$8,150,000
ML approach
$8,150,000
CAP Approach
CAP Return
Estimation
6%
$12,095,000
6.5%
$11,165,000
7%
$10,370,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$13,515,000
Current use
WAREHOUSE, STORAGE
$13,215,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,960,000
Change: -4% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$11,200,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$8.15M
Range $7.34M – $8.97M · ±10% · vs last sale $8.15M (Aug 26 2024)
Last sale anchor
$8.15M
Aug 26 2024
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
Tax billed
$103,090
Tax year 2023
Assessed value
$2,121,257
Assessed 2024
Previous assessed
$1,832,294
+15.8% YoY
Effective rate
4.86%
On assessed value
Land market value
$526,900
Improvement market value
$12,329,200
Total market value
$12,856,100
Applied tax rate
81,300.0000
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
1982
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
REFRIGERATOR
Stories
4
Total area
50,912 SF
Lot
1.4 ac (60,890 SF)
Zoning code
C-O
APN
156-38-043A
UPID
US07-1600705
Jurisdiction
MARICOPA
Zoning & alternative use
C-O · Phoenix, AZ
Zoning C-O · permitted uses
C-O · 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 Current
Est. value
$13.5M
WAREHOUSE, STORAGE
Est. value
$13.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.0M
INDUSTRIAL (GENERAL)
Est. value
$11.2M
MEDICAL BUILDING Current
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
1982
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
4
Lot
1.4 ac
Current owner
From public records · entity-resolved
Golden Phoenix Investment Group LLC
Entity
Mailing address
1730 W VLY RNCH CIR, PRESCOTT, AZ 86303-6335
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2024
$8,150,000
Golden Phoenix Investment Group LLC
Zale Residential LLC
Special Warranty Deed
$4,950,000 · Desert Financial Cu
Oct 18, 2021
$9,100,000
Verchel Medical Properties LLC
Gmd Medical Properties LLC
Special Warranty Deed
$6,825,000 · First International Bank & Trust
Mar 6, 2020
$9,250,000
Verchel Medical Properties
Phoenix Venture 1 LLC
Grant Deed
$7,400,000 · Western Heritage Bk
Nov 1, 2018
$7,260,000
Phoenix Venture 1 LLC
Chp Camelback Medical LLC
Special Warranty Deed
$5,475,000 · Mountain America FCU
Apr 5, 2016
—
Chp Camelback Medical LLC
—
Grant Deed
related
$5,440,000 · National Bk/az
Feb 1, 2013
$2,825,000
Chp Camelback Medical LLC
Rj Camelback Medical Plaza
Grant Deed
$3,750,000 · Romspen Investment Corp
Sep 28, 2012
—
Rj Camelback Medical Plaza Inv
—
Deed Of Trust
related
$12,000,000 · Bank Of America
Jul 15, 2004
$3,700,000
Whittaker Lauderdale Reef Viii
Tamar & Assoc LLC
Grant Deed
$2,400,000 · Tierone Bank
Mar 29, 2002
$4,055,170
Tamar & Associates LLC
Camelback Medical Plaza Assoc
Grant Deed
—
Jul 16, 1992
$625,000
Camelback Medical Plaza Associat
Strope Trust
Grant Deed
$4,000,000
—
—
Chp Camelback Medical LLC
—
Deed Of Trust
related
$2,129,530 · Bancfirst
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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