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Property profile & analytics
OFF-MARKET
Estimated value
$67,340,000
Hospitals
650 Indian School Rd, Phoenix, AZ 85012-1839
Individually Owned
Free & Clear
Property ID
US07-1337147
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1951
Construction
STEEL FRAME
Total area
172,262 SF
Lot
35.53 ac (1,547,817 SF)
Zoning code
R-5
APN
155-25-001U
UPID
US07-1337147
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
-
Va Medical Center-Phoenix: Knight-Nelson Linda J MD Physician
-
Carl T. Hayden Veterans' Administration Medical Center Medical Clinic
-
Dr. Himanshu R. Patel, MD Physician
-
Shaili Patel MD Physician
-
Tarazon Adriana Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$67.97M
Blend (final)
Blend
$67.34M
Owner & transaction history
Owner on record
Zoning & alternative use
R-5 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$92.0M
+101.2%
Auto repair, garage
$72.8M
+59.2%
Retail stores
$51.3M
+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
by Request
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
$45,725,000
Current use
RESTAURANT
$91,990,000
Change: +101% · Conversion: Difficult
AUTO REPAIR, GARAGE
$72,790,000
Change: +59% · Conversion: Difficult
RETAIL STORES
$51,330,000
Change: +12% · Conversion: Difficult
WAREHOUSE, STORAGE
$44,710,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$43,845,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$67.34M
Range $60.61M – $74.07M · ±10%
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
$391 / 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
Assessed value
$35,332,139
Assessed 2024
Previous assessed
$28,808,850
+22.6% YoY
Land market value
$24,930,200
Improvement market value
$210,617,396
Total market value
$235,547,596
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1951
Construction
STEEL FRAME
Heating
HEAT PUMP
Buildings
28
Stories
6
Units
19
Total area
172,262 SF
Lot
35.53 ac (1,547,817 SF)
Zoning code
R-5
APN
155-25-001U
UPID
US07-1337147
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
$45.7M
RESTAURANT
Est. value
$92.0M
AUTO REPAIR, GARAGE
Est. value
$72.8M
RETAIL STORES
Est. value
$51.3M
WAREHOUSE, STORAGE
Est. value
$44.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$43.8M
MEDICAL BUILDING Current
RESTAURANT
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
1951
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
6
Buildings
28
Units
19
Lot
35.53 ac
Current owner
From public records · entity-resolved
Unknown
Free & Clear · 0 yrs held
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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