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Property profile & analytics
OFF-MARKET
Estimated value
$20,750,000
Hospitals
6250 19th Ave, Phoenix, AZ 85015-1565
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-1537107
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1985
Construction
STEEL FRAME
Total area
88,722 SF
Lot
2.41 ac (104,981 SF)
Zoning code
C-1
APN
156-14-073B
UPID
US07-1537107
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
-
The Palazzo Nursing Home Retirement Community
-
plzz Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$20.75M
CAP Approach
CAP
$19.46M
Comparable Approach
Comparable
$14.85M
Blend (final)
Blend
$20.75M
Owner & transaction history
North 19th Holdings LLC · 1 yrs held
North 19th Holdings LLC
since 2024
Last sale
$20.8M
6 recorded transactions
Zoning & alternative use
C-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$26.4M
+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
$20,750,000
ML approach
$20,750,000
CAP Approach
CAP Return
Estimation
6%
$21,080,000
6.5%
$19,460,000
7%
$18,070,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$23,550,000
Current use
RETAIL STORES
$26,435,000
Change: +12% · Conversion: Difficult
WAREHOUSE, STORAGE
$23,025,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$22,580,000
Change: -4% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$19,520,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$20.75M
Range $18.68M – $22.83M · ±10% · vs last sale $20.75M (Sep 26 2024)
Last sale anchor
$20.75M
Sep 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
$234 / 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
$87,766
Tax year 2023
Assessed value
$1,880,110
Assessed 2024
Previous assessed
$1,880,110
+0.0% YoY
Effective rate
4.67%
On assessed value
Land market value
$1,269,200
Improvement market value
$17,531,900
Total market value
$18,801,100
Applied tax rate
61,300.0000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
88,722 SF
Lot
2.41 ac (104,981 SF)
Zoning code
C-1
APN
156-14-073B
UPID
US07-1537107
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
$23.6M
RETAIL STORES
Est. value
$26.4M
WAREHOUSE, STORAGE
Est. value
$23.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$22.6M
INDUSTRIAL (GENERAL)
Est. value
$19.5M
MEDICAL BUILDING Current
RETAIL STORES
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
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.41 ac
Current owner
From public records · entity-resolved
North 19th Holdings LLC
Entity
Mailing address
1775 HANCOCK ST STE #200, SAN DIEGO, CA 92110-2036
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2024
$20,750,000
North 19th Holdings LLC
19th Avenue Properties LLC
Special Warranty Deed
—
Oct 29, 2020
—
19th Avenue Properties LLC
—
Deed
related
$13,000,000 · Farmers And Merchants Bank Of Long Beach
Oct 6, 2016
—
19th Avenue Properties LLC
—
Deed
related
$15,116,000 · Pnc Bank NA
Mar 31, 2016
$16,750,000
19th Avenue Properties LLC
Emeritus Corp
Grant Deed
—
Nov 15, 2012
$19,000,000
Emeritus Corp
Bre & Sw Chris Ridge LLC
Grant Deed
$52,000,000 · Private Individual
Jun 26, 1996
$5,230,000
Chris Ridge Village INC
Life-core INC
Grant Deed
related
$4,877,300 · Pfc Corp
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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