Property profile

6524 Indian School Rd Phoenix, AZ 85033

OFF-MARKET
Medical Office Space
Property ID
US07-0335884
8,603 SF 0.78 ac lot Built 1980
Entity Owned 23-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 8,468 square foot medical office building at 6524 W. Indian School Rd., Phoenix, AZ 85033, offers a variety of leasing options. The property features multiple tenancies, with a minimum divisible space of 1,233 square feet and a maximum contiguous space of 2,323 square feet. Currently, 4,978 square feet is vacant and available for lease. The building boasts a convenient 5.84 parking spaces per 1,000 square feet. Situated in Maricopa County, this location benefits from its proximity to major freeways, I-17 and Loop 101, providing easy access for patients and staff. The building is surrounded by established retail and dining options, catering to both tenants and clients. The property is part of a thriving medical community, with complementary tenants including a pediatric practice, dentist, orthodontist, OB-GYN/midwife, naturopath, therapist, medical specialists, internal medicine/geriatrics, optical, and chiropractic practices. The building's central location within a mature neighborhood and near new developments in the Loop 101 corridor makes it an ideal location for medical professionals seeking high visibility and convenient access. Some medical equipment and furniture may be available on-site.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1980
Construction CONCRETE
Total area 8,603 SF
Lot 0.78 ac (33,977 SF)
Zoning code C-2
APN 144-42-001H
UPID US07-0335884

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Pediatrician Medical Clinic
  • Pediatrician Medical Clinic
  • Employment Agency
  • Employment Agency

Location

6524 Indian School Rd Phoenix, AZ 85033-3329
Phoenix metro Census 109500 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.95M
Blend (final) Blend
$1.92M

Owner & transaction history

since 2002
7 recorded transactions
2021
Price N/A
2002
$725,000
2002
Price N/A
2000
Price N/A
2000
$525,000
1998
Price N/A
1998
$1.0M

Zoning & alternative use

C-2 · Phoenix, AZ
Zoning description

The purpose C-2 zone is to provide commercial uses of medium intensity designed to be compatible with each other and to provide for a wide range of types of commercial activity within the district

General category COMMERCIAL
Top alternative use upside
Office building $2.6M +13.1%
Retail stores $2.6M +12.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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