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Property profile & analytics

7236 Central Ave Phoenix, AZ 85042-5425

  • Medical offices
  • 9,957 SF
  • 2.40 lot acres
OFF-MARKET
Last Sale
Dec 19, 2024
$1,749,637
Value Estimations
$1,780,000
Show details
Cap Rate Potential
8.1%
Medical offices
Location Intelligence
Property ID
US07-2229402
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Dr. Douglas S. Ray, MD / Family Practice Physician
  • Cigna Medical Group Pharmacy / Pharmacy
  • Dr. Susan M. Hallman, MD / Internist
  • Akosua Mensah / Nurse Practitioner
  • Evernorth Care Group / Pharmacy / Medical Clinic

Property Details for 7236 Central Ave

Year built
1987
Lot size
2.40 lot acres
Property size
9,957 SF
Property type
Medical offices
Property subtype
Medical centers
APN
114-14-003A
APU
11414003A

Description

This exceptional ±10,456 square foot medical office building is situated on a substantial 2.4-acre lot at 7236 S Central Ave in Phoenix, Arizona, 85042. The single-story, single-tenant building, constructed in 1987 and renovated in 1987, offers ample space for a variety of medical practices. The property features approximately 7 parking spaces per 1,000 square feet, ensuring convenient access for patients and staff. The interior is well-appointed with existing clinical space, administrative offices, and a retail pharmacy. The building is zoned C-3 by the City of Phoenix, providing flexibility for future uses. Its prime location on a major thoroughfare provides high visibility and benefits from proximity to the soon-to-be-accessible Valley Metro Rail. This property is strategically located within the South Mountain Village and falls within a designated Opportunity Zone, presenting attractive investment potential. The asking price is $460,064, translating to $44 per square foot. The property's APN is 114-14-003A. This is a rare opportunity to acquire a well-established medical office building in a thriving Phoenix location.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $1,750,000
    ML approach
    $1,750,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $2,365,000
    6.5%
    $2,185,000
    7%
    $2,030,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Phoenix
County
Maricopa
State
Arizona
Longitude
-112.074
Latitude
33.3802
CBSA code
38060
CBSA name
PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$33,397
$0.00
$0.00
$397,240
-
$1,081,700
$1,367,119
$2,448,819
More about this property
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