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Property profile & analytics
OFF-MARKET
Estimated value
$1,150,000
Medical Office Space
521 Thomas Rd, Phoenix, AZ 85013-4240
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-2716371
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1974
Construction
CONCRETE
Total area
3,186 SF
Lot
0.17 ac (7,540 SF)
Zoning code
C-1
APN
118-42-091
UPID
US07-2716371
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
-
Kids and Family Kare Medical Clinic
-
Dohrman Matthew A Employment Agency
-
Yuan Hao H Physician
-
Hao Hao Yuan Physician
-
Kids Care Family clinic. Dr Baehr Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.15M
CAP Approach
CAP
$700k
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.15M
Owner & transaction history
Careal Management Services Corporat · 1 yrs held
Careal Management Services Corporat
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
C-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+59.2%
Retail stores
$950,000
+12.3%
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
$1,150,000
ML approach
$1,150,000
CAP Approach
CAP Return
Estimation
6%
$755,000
6.5%
$700,000
7%
$650,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$845,000
Current use
AUTO REPAIR, GARAGE
$1,345,000
Change: +59% · Conversion: Difficult
RETAIL STORES
$950,000
Change: +12% · Conversion: Difficult
WAREHOUSE, STORAGE
$825,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$815,000
Change: -4% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$810,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$1.15M
Range $1.04M – $1.27M · ±10% · vs last sale $1.15M (Sep 12 2024)
Last sale anchor
$1.15M
Sep 12 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
$361 / 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
$8,966
Tax year 2023
Assessed value
$173,434
Assessed 2024
Previous assessed
$173,434
+0.0% YoY
Effective rate
5.17%
On assessed value
Land market value
$239,500
Improvement market value
$811,615
Total market value
$1,051,115
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
1974
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
3,186 SF
Lot
0.17 ac (7,540 SF)
Zoning code
C-1
APN
118-42-091
UPID
US07-2716371
Jurisdiction
MARICOPA
Zoning & alternative use
C-1 · Phoenix, AZ
Zoning C-1 · permitted uses
C-1 · 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
$845,000
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$950,000
WAREHOUSE, STORAGE
Est. value
$825,000
OFFICE BUILDING
Est. value
$815,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$810,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1974
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Careal Management Services Corporat
Entity
Mailing address
521 W THOMAS RD FL, PHOENIX, AZ 85013-4240
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2024
—
Careal Management Services Corporat
Kids And Family Kare LLC
Quit Claim Deed
related
—
Aug 18, 2020
—
Jarial LLC
—
Deed
related
$1,100,000 · Bil Man Asset Management LLC
Jul 20, 2017
—
Jarial LLC
—
Deed
related
$1,485,310 · Arizona Business Bank
Sep 18, 2008
—
Jarial LLC
Owner Name Unavailable
Grant Deed
related
—
May 25, 2006
$1,150,000
Jarial LLC
Thomas Medical Clinic LLC
Warranty Deed
$1,066,500 · Arizona Business Bank
Apr 16, 1997
$450,000
Thomas Medical Clinic L L C
Thomas P & Mary S Demund
Grant Deed
related
$300,000 · Seller
Aug 27, 1987
$850,000
Thomas P Demund
Kitsa
Grant Deed
related
—
Aug 1, 1987
$850,000
Kitsap Paratrans
Defra
Grant Deed
related
—
—
—
Thomas Medical Clinic LLC
—
Deed Of Trust
related
$302,250 · Ironstone Bank
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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