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Property profile & analytics
OFF-MARKET
Estimated value
$1,705,000
Medical Office Space
6952 Broadway Rd Mesa, AZ 85208-1974
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-0472292
Property summary
AI-generated overview
This exceptional 5,166 square foot multi-tenant medical office condo is situated at 6952 E Broadway Rd in Mesa, Arizona's Regency Professional Plaza. Built in 2002, the property boasts a desirable location with frontage on Broadway Road, just east of Power Road. The building offers convenient access to a thriving business community and benefits from its proximity to Phoenix. The property features a generous parking ratio of 2.47 spaces per 1,000 square feet, ensuring ample parking for tenants and visitors. Zoned C-C, this investment opportunity is ideal for medical professionals seeking a well-established location in the East Valley submarket. The building's multi-tenant structure provides a stable income stream, while its location near the Mesa Arts Center and Usery Mountain Regional Park offers a unique blend of cultural and recreational amenities. The asking price for this turnkey medical office condo is $1,800,000. The property is offered as a Net Net Net (NNN) lease.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Construction
STEEL FRAME
Total area
5,166 SF
Lot
0.63 ac (27,590 SF)
Zoning code
LC
APN
218-21-097
UPID
US07-0472292
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
-
Benedict B. Dayrit, MD Physician
-
Maria Theresa A Reyes, MD Medical Clinic
-
Family Health Center-East Valley Medical Clinic
-
CenterWell Senior Primary Care Medical Clinic
-
Labcorp Medical Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.76M
Blend (final)
Blend
$1.71M
Owner & transaction history
Cynthia L Pfrang · 1 yrs held
Cynthia L Pfrang
since 2025
Last sale
$1.7M
3 recorded transactions
Zoning & alternative use
LC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.3M
+68.2%
Neighborhood: shopping center
$1.6M
+18.9%
Retail stores
$1.4M
+0.1%
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
$1,355,000
Current use
AUTO REPAIR, GARAGE
$2,275,000
Change: +68% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,610,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$1,355,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$1.71M
Range $1.53M – $1.88M · ±10% · vs last sale $1.65M (Jan 24 2025)
Last sale anchor
$1.65M
Jan 24 2025
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
$330 / 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
$15,724
Tax year 2023
Assessed value
$219,265
Assessed 2024
Previous assessed
$190,604
+15.0% YoY
Effective rate
7.17%
On assessed value
Land market value
$190,400
Improvement market value
$1,138,482
Total market value
$1,328,882
Applied tax rate
41,012.0000
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
2002
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
5,166 SF
Lot
0.63 ac (27,590 SF)
Zoning code
LC
APN
218-21-097
UPID
US07-0472292
Jurisdiction
MARICOPA
Zoning & alternative use
LC · Mesa, AZ
Zoning LC · permitted uses
LC · 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
$1.4M
AUTO REPAIR, GARAGE
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
RETAIL STORES
Est. value
$1.4M
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
2002
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
Cynthia L Pfrang
Individual
Mailing address
215 S POWER RD #20, MESA, AZ 85206-5235
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2025
$1,650,000
Cynthia L Pfrang
Broadway Medical Property LLC
Special Warranty Deed
—
—
—
Broadway Medical Property LLC
—
Deed Of Trust
related
$764,000 · Bank Of America
—
—
Broadway Medical Property LLC
—
Deed Of Trust
related
$86,000 · Bank Of America
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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