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Property profile & analytics
FOR LEASE
Medical Office Space
690 N Cofco Center Ct, Phoenix, AZ 85008
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-0716619
For Lease
1 / 2
Contact for pricing
690 N Cofco Center Ct, Phoenix, AZ 85008
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Construction
CONCRETE
Total area
76,801 SF
Lot
4.79 ac (208,737 SF)
Zoning code
C-2
APN
125-25-292
UPID
US07-0716619
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
-
Gateway Surgery Center Medical Clinic Hospital
-
Michael Wilmink Physician
-
JOSH C VELLA Physician
-
Dr. Matthew Conklin Physician
-
Keith Jarbo Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Next Gen Rising LLC · 1 yrs held
Next Gen Rising LLC
since 2025
Last sale
$7.2M
5 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$190,991
Tax year 2023
Assessed value
$2,513,626
Assessed 2024
Previous assessed
$2,252,500
+11.6% YoY
Effective rate
7.60%
On assessed value
Land market value
$2,034,000
Improvement market value
$13,200,094
Total market value
$15,234,094
Applied tax rate
311,300.0000
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
For Lease
Year built
2002
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
YES
Stories
2
Total area
76,801 SF
Lot
4.79 ac (208,737 SF)
Zoning code
C-2
APN
125-25-292
UPID
US07-0716619
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.
Building & site characteristics
From public records
Year built
2002
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Lot
4.79 ac
Current owner
From public records · entity-resolved
Next Gen Rising LLC
Entity
Mailing address
1601 E WASHINGTON AVE STE #700, MIAMI BEACH, FL 33139-3165
Ownership since
2025
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
May 1, 2025
—
Next Gen Rising LLC
Next Gen Rising LLC
Deed
related
—
Aug 26, 2024
$7,200,000
Next Gen Rising LLC
Msci 2006 Hq10 Cofco Center Court L
Special Warranty Deed
$7,600,000 · Enterprise Bank & Trust
Apr 13, 2018
$9,500,000
Msci 2006-hq10 Cofco Center Co
Maskovich Jacob A|ppg Mob Fund Ia LLC
Trustees Deed
related
—
Oct 10, 2006
—
Ppg Mob Fund Ia LLC
—
Deed Of Trust
related
$104,000,000 · Morgan Stanley Mtg Capital INC
Jan 8, 2004
$19,790
Ppg Mob Fund 1a LLC
Phoenix Ortho Mob LLC
Grant Deed
related
$44,679,732 · Morgan Stanley Mtg Capital INC
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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