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Property profile & analytics
OFF-MARKET
Estimated value
$156,555,000
Hospitals
9201 Thomas Rd, Phoenix, AZ 85037-3332
Individually Owned
23-yr Hold
Free & Clear
Property ID
US07-2251063
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
2004
Construction
STEEL FRAME
Total area
400,470 SF
Lot
25.91 ac (1,128,619 SF)
Zoning code
C-2
APN
102-34-022
UPID
US07-2251063
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
-
Fresenius Medical Care at Banner Estrella Medical Center Medical Clinic
-
Estrella Hospital Hospital
-
Elizabeth Bussone Physician
-
Dr. Syyeda Siddiqui Physician
-
Dr. Diana Dabell Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$158.01M
Blend (final)
Blend
$156.56M
Owner & transaction history
BANNER HEALTH SYSTEM
BANNER HEALTH SYSTEM
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$213.9M
+101.2%
Auto repair, garage
$169.2M
+59.2%
Office building
$120.2M
+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
$106,300,000
Current use
RESTAURANT
$213,860,000
Change: +101% · Conversion: Difficult
AUTO REPAIR, GARAGE
$169,220,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$120,180,000
Change: +13% · Conversion: Easy
RETAIL STORES
$119,330,000
Change: +12% · Conversion: Difficult
WAREHOUSE, STORAGE
$103,940,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$101,930,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$156.56M
Range $140.90M – $172.21M · ±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
Assessed value
$34,695,608
Assessed 2024
Previous assessed
$31,785,690
+9.2% YoY
Land market value
$6,470,200
Improvement market value
$224,833,853
Total market value
$231,304,053
Applied tax rate
171,300.0000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
REFRIGERATOR
Buildings
8
Stories
7
Units
8
Total area
400,470 SF
Lot
25.91 ac (1,128,619 SF)
Zoning code
C-2
APN
102-34-022
UPID
US07-2251063
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZ
Zoning C-2 · permitted uses
C-2 · 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
$106.3M
RESTAURANT
Est. value
$213.9M
AUTO REPAIR, GARAGE
Est. value
$169.2M
OFFICE BUILDING
Est. value
$120.2M
RETAIL STORES
Est. value
$119.3M
WAREHOUSE, STORAGE
Est. value
$103.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$101.9M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
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
2004
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
7
Buildings
8
Units
8
Lot
25.91 ac
Current owner
From public records · entity-resolved
BANNER HEALTH SYSTEM
Individual
Free & Clear · 0 yrs held
Mailing address
2901 N CENTRAL AVE STE #160, PHOENIX, AZ 85012-2702
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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