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Property profile & analytics
OFF-MARKET
Estimated value
$176,905,000
Hospitals
6750 Baywood Ave, Mesa, AZ 85206-1749
Individually Owned
Free & Clear
Property ID
US07-0949111
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1983
Construction
STEEL FRAME
Total area
516,090 SF
Lot
32.67 ac (1,422,902 SF)
Zoning code
NC
APN
141-57-135
UPID
US07-0949111
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
-
Dr. Dwight C. Lundell, MD Physician
-
Banner Health Clinic Physician
-
Dr. Loreto G. Sulit, MD Physician
-
Dr. Jesus A. Mireles, MD Physician
-
Kai-Chun C. Sung, MD. FACC, FHRS Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$176.91M
Blend (final)
Blend
$176.91M
Owner & transaction history
BANNER HEALTH SYSTEM
BANNER HEALTH SYSTEM
Zoning & alternative use
NC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$227.4M
+86.2%
Neighborhood: shopping center
$160.7M
+31.6%
Retail stores
$135.3M
+10.8%
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 Mesa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mesa 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
$122,145,000
Current use
AUTO REPAIR, GARAGE
$227,415,000
Change: +86% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$160,730,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$135,270,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$176.91M
Range $159.21M – $194.60M · ±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
$343 / 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
$141,261
Tax year 2023
Assessed value
$61,881,583
Assessed 2024
Previous assessed
$50,815,822
+21.8% YoY
Effective rate
0.23%
On assessed value
Land market value
$7,299,700
Improvement market value
$367,740,199
Total market value
$375,039,899
Applied tax rate
41,000.0000
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
1983
Construction
STEEL FRAME
Heating
NONE
Buildings
13
Stories
7
Units
12
Total area
516,090 SF
Lot
32.67 ac (1,422,902 SF)
Zoning code
NC
APN
141-57-135
UPID
US07-0949111
Jurisdiction
MARICOPA
Zoning & alternative use
NC · Mesa, AZ
Zoning NC · permitted uses
NC · Mesa, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mesa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$122.1M
AUTO REPAIR, GARAGE
Est. value
$227.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$160.7M
RETAIL STORES
Est. value
$135.3M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1983
Construction
STEEL FRAME
Heating
NONE
Stories
7
Buildings
13
Units
12
Lot
32.67 ac
Current owner
From public records · entity-resolved
BANNER HEALTH SYSTEM
Individual
Free & Clear · 0 yrs held
Mailing address
2901 N CENTRAL AVE STE #160, PHOENIX, AZ 85012-2702
Mailing matches property
Yes
Owner-occupied
Yes
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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