New search
Property profile & analytics
FOR SALE
Medical Office Space
7525 E Broadway Rd Mesa, AZ 85208
Entity Owned
~
Est. High Equity
Property ID
US07-2338034
For Sale
1 / 20
$5,295,000
7525 E Broadway Rd, Mesa, AZ 85208
View Listing →
Property summary
AI-generated overview
This exceptional medical office building, located at 7525 E Broadway Rd in Mesa, Arizona, presents a unique leasing opportunity. The property, a Class B building constructed in 1997, offers a total of 20,489 square feet of space, with multiple tenancy options available. Currently, there are 4,146 square feet of vacant space, divisible into units ranging from a minimum of 1,792 square feet to a maximum contiguous space of 2,354 square feet. This makes it ideal for a variety of medical practices seeking flexible and adaptable space. The building boasts ample parking, with a ratio of 6.34 spaces per 1,000 square feet. Situated in the desirable Mesa East submarket of Maricopa County, this property benefits from its convenient location near Banner Baywood/Heart Medical Center, ensuring high visibility and accessibility for patients and staff. The property's APN is 218-58-480 and the zip code is 85208. This is an excellent opportunity to establish or expand a medical practice in a thriving and well-connected area. The building's layout and amenities are designed to meet the specific needs of medical professionals. Inquire today to learn more about this exceptional leasing opportunity.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1982
Construction
CONCRETE
Total area
9,858 SF
Lot
2.13 ac (92,919 SF)
Zoning code
OC
APN
218-58-480
UPID
US07-2338034
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
-
Arizona Pain and Spine Institute Physician
-
Scott Daniel Mcgrath Physician
-
Dr. Robert P. Tully, MD Geriatric Care Provider
-
Heavens Medical PLC Medical Clinic
-
Richard W Hawkins Md Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.82M
Blend (final)
Blend
$3.64M
Owner & transaction history
Security Eat 1034 INC
Security Eat 1034 INC
since 2026
Last sale
$3.1M
6 recorded transactions
Zoning & alternative use
OC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.3M
+68.2%
Neighborhood: shopping center
$3.1M
+18.9%
Retail stores
$2.6M
+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
$4,310,000
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
$2,580,000
Current use
AUTO REPAIR, GARAGE
$4,345,000
Change: +68% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,070,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$2,585,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$3.64M
Range $3.28M – $4.00M · ±10% · vs last sale $3.13M (Jan 29 2021)
Last sale anchor
$3.13M
Jan 29 2021
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
$369 / 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
$38,395
Tax year 2023
Assessed value
$611,525
Assessed 2024
Previous assessed
$552,670
+10.6% YoY
Effective rate
6.28%
On assessed value
Land market value
$525,500
Improvement market value
$3,180,710
Total market value
$3,706,210
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
For Sale
Year built
1982
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
9,858 SF
Lot
2.13 ac (92,919 SF)
Zoning code
OC
APN
218-58-480
UPID
US07-2338034
Jurisdiction
MARICOPA
Zoning & alternative use
OC · Mesa, AZ
Zoning OC · permitted uses
OC · 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
$2.6M
AUTO REPAIR, GARAGE
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
RETAIL STORES
Est. value
$2.6M
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
1982
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
2.13 ac
Current owner
From public records · entity-resolved
Security Eat 1034 INC
Entity
Mailing address
1606 N PACIFIC AVE, GLENDALE, CA 91202-1216
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2026
—
Security Eat 1034 INC
Mesa Medical Ast 2 LLC
Special Warranty Deed
—
Sep 8, 2022
—
Mesa Medical Ast 2 LLC
—
Deed
related
$2,300,000 · East West Bank
Jan 29, 2021
$3,125,000
Mesa Medical Ast 2 LLC
East Broadway Medical Center LLC
Special Warranty Deed
$2,343,750 · Bank 34
Jun 11, 2018
—
East Broadway Medical Center LLC
—
Deed
related
$1,650,000 · Wells Fargo Bank NA
Apr 4, 2018
—
Heavens Urgent Care LLC
East Broadway Medical Center LLC
Warranty Deed
$210,000 · Wells Fargo Bank NA
May 23, 2016
$2,350,000
East Broadway Medical Center LLC
Broadway East Medical LLC
Special Warranty Deed
$1,762,500 · Western State Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
