Property profile

5115 Central Ave Phoenix, AZ 85012

OFF-MARKET
Medical Office Space
Property ID
US07-2534440
6,643 SF 0.98 ac lot Built 1957
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 6,648-square-foot freestanding medical office building is ideally situated at 5115 N Central Ave in Phoenix, Arizona, within Maricopa County. Currently vacant, this Class B property presents a unique opportunity for a single tenant seeking a prominent location. The building boasts convenient drive-up patient access, ensuring ease of use for patients and staff. Its prime location just north of Uptown Plaza provides immediate access to a variety of amenities, including numerous shops and restaurants within walking distance, enhancing both patient and staff convenience. The property's former use as a surgery center makes it particularly well-suited for medical practices or ambulatory surgery centers. The building offers excellent visibility with monument signage available, ensuring high brand recognition. Furthermore, existing plans for an ASC buildout are available to the new owner, streamlining the process of adapting the space to specific needs. This is a rare opportunity to acquire a fully vacant, well-located medical office building in a thriving area of Phoenix. The property's size and features make it an ideal space for a medical practice seeking a high-profile location with convenient access and ample amenities nearby. The zip code is 85012.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1957
Construction CONCRETE
Total area 6,643 SF
Lot 0.98 ac (42,669 SF)
Zoning code C-2
APN 162-20-052A
UPID US07-2534440

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
  • Physician
  • Medical Clinic
  • Medical Clinic Hospital

Location

5115 Central Ave Phoenix, AZ 85012-1478
Phoenix metro Census 107500 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
$2.06M
Blend (final) Blend
$2.03M

Owner & transaction history

since 2016
2 recorded transactions
2016
Price N/A
2005
Price N/A

Zoning & alternative use

C-2 · Phoenix, AZ
Zoning description

The purpose C-2 zone is to provide commercial uses of medium intensity designed to be compatible with each other and to provide for a wide range of types of commercial activity within the district

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $2.8M +59.2%
Retail stores $2.0M +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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