Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,785,000
Medical Office Space
6501 19th Ave Phoenix, AZ 85015-1602
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-2048856
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1979
Construction
CONCRETE
Total area
10,584 SF
Lot
0.57 ac (25,008 SF)
Zoning code
C-2
APN
156-45-028L
UPID
US07-2048856
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 CORE Institute Specialty Hospital Hospital
-
Core speciality Hospital Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.84M
Blend (final)
Blend
$3.79M
Owner & transaction history
Hp Phoenix 19 LLC · 8 yrs held
Hp Phoenix 19 LLC
since 2017
5 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.7M
+101.2%
Auto repair, garage
$4.5M
+59.2%
Retail stores
$3.2M
+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
$2,810,000
Current use
RESTAURANT
$5,650,000
Change: +101% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,470,000
Change: +59% · Conversion: Difficult
RETAIL STORES
$3,155,000
Change: +12% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,745,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,695,000
Change: -4% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,330,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$3.79M
Range $3.41M – $4.16M · ±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
$358 / 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
$26,286
Tax year 2023
Assessed value
$486,222
Assessed 2024
Previous assessed
$426,054
+14.1% YoY
Effective rate
5.41%
On assessed value
Land market value
$320,900
Improvement market value
$2,625,900
Total market value
$2,946,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1979
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
10,584 SF
Lot
0.57 ac (25,008 SF)
Zoning code
C-2
APN
156-45-028L
UPID
US07-2048856
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZ
Zoning C-2 · permitted uses
C-2 · 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
$2.8M
RESTAURANT
Est. value
$5.7M
AUTO REPAIR, GARAGE
Est. value
$4.5M
RETAIL STORES
Est. value
$3.2M
WAREHOUSE, STORAGE
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$2.3M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1979
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Hp Phoenix 19 LLC
Entity
Mailing address
1400 N WATER ST STE #500, MILWAUKEE, WI 53202-4129
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2018
—
Hp Phoenix 19 LLC
—
Grant Deed
related
$14,250,000 · Western Alliance Bk
Dec 29, 2017
$20,300,000
Hp Phoenix 19 LLC
Ssha Building LLC
Grant Deed
—
Jan 20, 2009
—
Ssha Building LLC
—
Deed Of Trust
related
$10,500,000 · Wachovia Bank NA
May 17, 2005
$9,500,000
Ssha Building LLC
Mark Stoneman
Special Warranty Deed
—
—
—
Ssha Building LLC
—
Deed Of Trust
related
$5,000,000 · Western Alliance Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 6501 19th Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
