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    FOR SALE
    Medical Office Space

    8618 N 35Th Ave, Phoenix, AZ 85051

    10,470 SF 0.52 ac lot Built 1986
    Entity Owned 8-yr Hold ~ Est. High Equity
    Property ID
    US07-2955996
    Property summary
    AI-generated overview

    This exceptional Class B medical office building, Royal Palm Professional Plaza, offers 10,470 square feet of space at 8618 N 35th Ave, Phoenix, AZ 85051. Built in 1986, the property boasts a prime Northwest Phoenix location, zoned C-O, City of Phoenix, within Maricopa County. Currently, 8,170 square feet of space is available for lease, divisible into units ranging from a minimum of 1,492 square feet to a maximum contiguous space of 5,186 square feet. The building features ample parking, with a ratio of 4.8 spaces per 1,000 square feet. Its strategic location provides convenient access to major transportation arteries, including I-17 and US60 freeways, and enjoys close proximity to four prominent hospitals: John C Lincoln North Mountain, Thunderbird Samaritan Hospital, Phoenix Baptist Hospital, and John C Lincoln Deer Valley. This presents a unique opportunity for medical professionals seeking a well-situated, readily accessible office space in a thriving medical submarket. The building's multiple tenancy structure allows for flexibility in lease terms and space requirements. This is an ideal location for practices seeking high visibility and convenient access for patients and staff.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1986
    Construction CONCRETE
    Total area 10,470 SF
    Lot 0.52 ac (22,782 SF)
    Zoning code C-O
    APN 150-15-170F
    UPID US07-2955996
    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
    • John Prieve Physician
    • MACOA Physician
    • Higgins William H DO Pediatrician Physician
    • Arizona Family Medical Center Medical Clinic
    • AZ Best Healthcare Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.04M
    Blend (final) Blend
    $2.01M
    Owner & transaction history
    Sania Investments LLC · 8 yrs held
    Sania Investments LLC
    since 2018
    2 recorded transactions
    2018
    $875,000
    2008
    $1.3M
    Zoning & alternative use
    C-O · Phoenix, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $3.1M +13.1%
    Retail stores $3.1M +12.3%
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    More about this property
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