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    Property profile & analytics
    OFF-MARKET Estimated value $2,030,000
    Medical Office Space

    5115 Central Ave, Phoenix, AZ 85012-1478

    6,643 SF 0.98 ac lot Built 1957
    Entity Owned 9-yr Hold ~ Est. High Equity
    Property ID
    US07-2534440
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Herro Ellison F MD Physician
    • Herro Medical Center Physician
    • Allergy Affiliated Medical Clinic
    • Surgi-Care Medical Clinic Hospital
    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
    5115 N Central LLC · 9 yrs held
    5115 N Central LLC
    since 2016
    2 recorded transactions
    2016
    2005
    Zoning & alternative use
    C-2 · Phoenix, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $2.8M +59.2%
    Retail stores $2.0M +12.3%
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