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Property profile & analytics
OFF-MARKET
Estimated value
$27,505,000
Medical Office Space
775 Willetta St Phoenix, AZ 85006-2723
Entity Owned
7-yr Hold
Free & Clear
Property ID
US07-1162618
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2019
Construction
STEEL FRAME
Total area
70,360 SF
Lot
2.24 ac (97,388 SF)
Zoning code
PUD
APN
116-30-150A
UPID
US07-1162618
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
-
Banner Rehabilitation Hospital Phoenix Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$27.76M
Blend (final)
Blend
$27.51M
Owner & transaction history
Bhsm Rehabilitation LLC · 7 yrs held
Bhsm Rehabilitation LLC
since 2019
5 recorded transactions
Zoning & alternative use
PUD · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Planned Unit Development is intended to create a built environment that is superior to that produced by conventional zoning districts and design guidelines
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
17,457.92 ac
Source
Realmo
Top alternative use upside
Restaurant
$37.6M
+101.2%
Auto repair, garage
$29.7M
+59.2%
Office building
$21.1M
+13.1%
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 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
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
$18,675,000
Current use
RESTAURANT
$37,575,000
Change: +101% · Conversion: Difficult
AUTO REPAIR, GARAGE
$29,730,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$21,115,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$18,260,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$17,910,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$27.51M
Range $24.75M – $30.26M · ±10%
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
$391 / 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
$331,202
Tax year 2023
Assessed value
$4,037,725
Assessed 2024
Previous assessed
$3,171,044
+27.3% YoY
Effective rate
8.20%
On assessed value
Land market value
$2,829,000
Improvement market value
$21,642,058
Total market value
$24,471,058
Applied tax rate
11,300.0000
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
2019
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Total area
70,360 SF
Lot
2.24 ac (97,388 SF)
Zoning code
PUD
APN
116-30-150A
UPID
US07-1162618
Jurisdiction
MARICOPA
Zoning & alternative use
PUD · Phoenix, AZZoning PUD · permitted uses
PUD · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Planned Unit Development is intended to create a built environment that is superior to that produced by conventional zoning districts and design guidelines
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
17,457.92 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$18.7M
RESTAURANT
Est. value
$37.6M
AUTO REPAIR, GARAGE
Est. value
$29.7M
OFFICE BUILDING
Est. value
$21.1M
WAREHOUSE, STORAGE
Est. value
$18.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.9M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2019
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
2.24 ac
Current owner
From public records · entity-resolved
Bhsm Rehabilitation LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Ownership since
2019
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
Apr 15, 2019
$2,200,000
Bhsm Rehabilitation LLC
Banner Health
Grant Deed
—
Apr 2, 2019
—
Banner Health
Banner Health
Quit Claim Deed
related
—
Feb 26, 2015
$1,850,000
Banner Health
Arizona Ywca Metropolitan
Grant Deed
—
—
—
Young Womens Christian Assn Of M
—
Deed Of Trust
related
$250,000 · Mutual/omaha Bk
—
—
Womens Christian Assn Young
—
Deed Of Trust
related
$95,000 · Bank One Arizona
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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