New search
Property profile & analytics
FOR LEASE
Medical Office Space
9250 W Thomas Rd, Phoenix, AZ 85037
Entity Owned
14-yr Hold
Free & Clear
Property ID
US07-0988859
For Lease
1 / 2
$38 SF/Yr
9250 W Thomas Rd, Phoenix, AZ 85037
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Construction
STEEL FRAME
Total area
81,602 SF
Lot
5.28 ac (230,001 SF)
Zoning code
GCP
APN
102-26-007
UPID
US07-0988859
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
-
Phoenix Children's Hospital Ophthamology Physician
-
Southwest VA Clinic Medical Clinic
-
VA Clinic - Southwest Phoenix Medical Clinic
-
Estrella Health Center Medical Clinic
-
Haider Zafar MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$32.20M
Blend (final)
Blend
$31.90M
Owner & transaction history
Estrella Health Center LLC · 14 yrs held
Estrella Health Center LLC
since 2011
2 recorded transactions
Zoning & alternative use
GCP · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$43.6M
+101.2%
Auto repair, garage
$34.5M
+59.2%
Office building
$24.5M
+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
$21,660,000
Current use
RESTAURANT
$43,575,000
Change: +101% · Conversion: Difficult
AUTO REPAIR, GARAGE
$34,480,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$24,490,000
Change: +13% · Conversion: Easy
RETAIL STORES
$24,315,000
Change: +12% · Conversion: Difficult
WAREHOUSE, STORAGE
$21,180,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$20,770,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$31.90M
Range $28.71M – $35.09M · ±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
$335,166
Tax year 2023
Assessed value
$4,450,485
Assessed 2024
Previous assessed
$3,387,182
+31.4% YoY
Effective rate
7.53%
On assessed value
Land market value
$1,961,700
Improvement market value
$25,010,938
Total market value
$26,972,638
Applied tax rate
921,300.0000
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
For Lease
Year built
2008
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
4
Total area
81,602 SF
Lot
5.28 ac (230,001 SF)
Zoning code
GCP
APN
102-26-007
UPID
US07-0988859
Jurisdiction
MARICOPA
Zoning & alternative use
GCP · Phoenix, AZ
Zoning GCP · permitted uses
GCP · 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
$21.7M
RESTAURANT
Est. value
$43.6M
AUTO REPAIR, GARAGE
Est. value
$34.5M
OFFICE BUILDING
Est. value
$24.5M
RETAIL STORES
Est. value
$24.3M
WAREHOUSE, STORAGE
Est. value
$21.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$20.8M
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
2008
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
4
Lot
5.28 ac
Current owner
From public records · entity-resolved
Estrella Health Center LLC
Entity
Free & Clear · 14 yrs held
Mailing address
1525 S BROADWAY, LOS ANGELES, CA 90015-3030
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2021
—
Estrella Health Center LLC
—
Deed
related
$50,160,000 · Tiaa Fsb Holdings INC
Dec 8, 2011
$8,600,000
Estrella Health Center LLC
101 Medical Office Center LLC
Grant Deed
—
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.
