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Property profile & analytics
OFF-MARKET
Estimated value
$2,150,000
Medical Office Space
750 Thunderbird Rd Phoenix, AZ 85022-5306
Entity Owned
~
Est. High Equity
Property ID
US07-2227120
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1984
Construction
CONCRETE
Total area
8,511 SF
Lot
0.86 ac (37,679 SF)
Zoning code
C-O
APN
159-01-003G
UPID
US07-2227120
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
-
On Pointe Dentistry Dental Office
-
Denova Collaborative Health, Moon Valley Medical Clinic
-
Kimberly Wax Counselor
-
Renata Whitlock Physician
-
Bradley Lawrence Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.87M
Comparable Approach
Comparable
$2.47M
Blend (final)
Blend
$2.15M
Owner & transaction history
Peppermill Partners LLC
Peppermill Partners LLC
since 2025
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
C-O · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.6M
+13.1%
Retail stores
$2.5M
+12.3%
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
Method
Estimation
Statistic approach
$2,155,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,020,000
6.5%
$1,865,000
7%
$1,735,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,260,000
Current use
OFFICE BUILDING
$2,555,000
Change: +13% · Conversion: Easy
RETAIL STORES
$2,535,000
Change: +12% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,210,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,165,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$2.15M
Range $1.94M – $2.37M · ±10% · vs last sale $2.00M (Aug 19 2022)
Last sale anchor
$2.00M
Aug 19 2022
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
$253 / 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
$22,578
Tax year 2023
Assessed value
$312,818
Assessed 2024
Previous assessed
$282,897
+10.6% YoY
Effective rate
7.22%
On assessed value
Land market value
$389,800
Improvement market value
$1,506,066
Total market value
$1,895,866
Applied tax rate
691,300.0000
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
Off-Market
Year built
1984
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
8,511 SF
Lot
0.86 ac (37,679 SF)
Zoning code
C-O
APN
159-01-003G
UPID
US07-2227120
Jurisdiction
MARICOPA
Zoning & alternative use
C-O · Phoenix, AZ
Zoning C-O · permitted uses
C-O · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.6M
RETAIL STORES
Est. value
$2.5M
WAREHOUSE, STORAGE
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
MEDICAL BUILDING Current
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1984
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Peppermill Partners LLC
Entity
Mailing address
5241 W WHISPERING WIND DR, GLENDALE, AZ 85310-2907
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2025
$1,950,000
Peppermill Partners LLC
Vjs Commercial Properties LLC
Special Warranty Deed
$1,300,000 · Dempsey Family Trust
Aug 19, 2022
$2,000,000
Vjs Commercial Properties LLC
U20med1 LLC
Special Warranty Deed
$1,250,000 · Alerus Financial NA
Nov 20, 2020
$1,520,000
U20med1 LLC
Eva Reaty Group LLC
Special Warranty Deed
$1,064,000 · Arizona Central Cu
Feb 28, 2013
$1,555,000
Eva Reality Group LLC
750 Thunderbird LLC
Special Warranty Deed
—
Jul 29, 2008
—
750 Thunderbird LLC
Peter Baer
Grant Deed
$1,170,000 · Merrill Lynch Credit Corp
Nov 29, 2007
$1,175,000
Bear Living Trust
Anderson,rex C
Trustees Deed
related
—
Sep 20, 1995
—
750 E Thunderbird Road Ltd
Lynne B Pirie
Quit Claim Deed
related
—
Jun 12, 1995
$850,000
Lynne B Pirie
750 E Thunderbird Corp
Quit Claim Deed
related
—
Jul 16, 1993
$823,832
750 E Thunderbird Road Corp
Pirie
Quit Claim Deed
related
—
Jun 29, 1992
—
Lynne Pirie
Pirie
Quit Claim Deed
related
—
Dec 20, 1988
—
John K Schmelzer
Four-js Ptnshp
Grant Deed
related
—
—
—
Lynne B Pirie
—
Deed Of Trust
related
$795,000 · Bankusa Fsb
—
—
750 E Thunderbird Road Corp
—
Deed Of Trust
related
$170,000 · Metropolitan Equity
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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