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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Medical Office Space
59 Lexington Ave, Phoenix, AZ 85012-2320
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-1349289
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1958
Construction
STEEL FRAME
Total area
1,818 SF
Lot
0.18 ac (8,015 SF)
Zoning code
R-5
APN
118-34-024
UPID
US07-1349289
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
-
Nailah Cooper Pediatrician Medical Clinic
-
Breton Family Dental Dental Office
-
Levy Michael I DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$717k
Blend (final)
Blend
$675k
Owner & transaction history
Blissfull LLC · 1 yrs held
Blissfull LLC
since 2025
Last sale
$650,629
1 recorded transaction
Zoning & alternative use
R-5 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$770,000
+59.2%
Retail stores
$540,000
+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
$660,000
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
$485,000
Current use
AUTO REPAIR, GARAGE
$770,000
Change: +59% · Conversion: Difficult
RETAIL STORES
$540,000
Change: +12% · Conversion: Difficult
WAREHOUSE, STORAGE
$470,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$465,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $651k (Mar 12 2025)
Last sale anchor
$651k
Mar 12 2025
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
$371 / 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
$3,772
Tax year 2023
Assessed value
$117,242
Assessed 2024
Previous assessed
$89,369
+31.2% YoY
Effective rate
3.22%
On assessed value
Land market value
$520,900
Improvement market value
$189,656
Total market value
$710,556
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
DENTAL BUILDING
Status
Off-Market
Year built
1958
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Rooms
5
Bathrooms
1
Total area
1,818 SF
Lot
0.18 ac (8,015 SF)
Zoning code
R-5
APN
118-34-024
UPID
US07-1349289
Jurisdiction
MARICOPA
Zoning & alternative use
R-5 · Phoenix, AZ
Zoning R-5 · permitted uses
R-5 · 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
$485,000
AUTO REPAIR, GARAGE
Est. value
$770,000
RETAIL STORES
Est. value
$540,000
WAREHOUSE, STORAGE
Est. value
$470,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$465,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1958
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Rooms
5
Bathrooms
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Blissfull LLC
Entity
Mailing address
3707 E NAMBE CT, PHOENIX, AZ 85044-3874
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2025
$650,629
Blissfull LLC
Michael I Levy
Special Warranty Deed
$664,000 · Midwest Regional 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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