Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    9321 W Thomas Rd Phoenix, AZ 85037

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9321 W Thomas Rd Phoenix, AZ 85037

    View on Map
    • Commercial real estate
    • 20.99 lot acres
    For Lease
    View Listing →
    Medical Office Space Available For Lease
    Contact for pricing
    60,000 SF

    Medical Office Space Available

    Class A medical office building with 60,000 square feet.

    9321 W Thomas Rd, Phoenix, AZ 85037
    View Listing
    Property ID
    US07-2475556
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Estrella Medical Plaza II / Medical Clinic
    • Sonora Quest Laboratories / Medical Laboratory / Blood Testing Service
    • Harvinder Kumar, MD / Physician / Medical Clinic
    • Torrey Parry, MD / Physician
    • Zachary Hahn / Physician

    Property Details for 9321 W Thomas Rd

    Year built
    2005
    Lot size
    20.99 lot acres
    Property type
    Commercial real estate
    APN
    102-34-021E
    APU
    10234021E

    Description

    Estrella Medical Plaza II, a Class A medical office building in Phoenix, Arizona, offers exceptional lease opportunities. This four-story building, constructed in 2019, boasts a total of 60,000 square feet of modern, efficient space. Currently, there are 6,290 square feet of vacant space available, divisible into units ranging from a minimum of 1,990 square feet to a maximum contiguous space of 4,300 square feet. The building is ideally situated at 9321 W Thomas Road, Phoenix, AZ 85037, in Maricopa County. Ample parking is provided, with a ratio of 5.4 spaces per 1,000 square feet. The building's modern design and prime location make it an excellent choice for medical professionals seeking a prestigious and convenient address. The available space is perfect for a variety of medical practices, offering the opportunity to establish or expand a thriving business in a thriving area. Contact us today to learn more about leasing options and explore the possibilities of establishing your practice in this exceptional medical office building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.261
    Latitude
    33.4779
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $0.00
    $0.00
    $1,310,778
    -
    $5,242,100
    $3,496,418
    $8,738,518

    Comparable in this City

    • Value Estimation by Request
      0.04 Acres

      Phoenix, AZ 85037

      COMMERCIAL (GENERAL) • 0.04 Acres
      Phoenix, AZ 85037
      View Details
    • Value Estimation
      $5,925,000
      15,017 SF

      Phoenix, AZ 85037

      COMMERCIAL (GENERAL) • 15,017 SF
      Phoenix, AZ 85037
      View Details
    • Value Estimation
      $17,500,000
      0.50 Acres

      Phoenix, AZ 85037

      COMMERCIAL (GENERAL) • 0.50 Acres
      Phoenix, AZ 85037
      View Details
    • Value Estimation by Request
      37,650 SF

      91St Ave

      Individual retail properties • 37,650 SF
      0 91St Ave, Phoenix, AZ 85037
      View Details
    • Value Estimation by Request
      1.27 Acres

      11284 Camelback Rd

      COMMERCIAL (GENERAL) • 1.27 Acres
      11284 Camelback Rd, Phoenix, AZ 85037
      View Details
    • Value Estimation by Request
      0.14 Acres

      Phoenix, AZ 85037

      COMMERCIAL (GENERAL) • 0.14 Acres
      Phoenix, AZ 85037
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,373 SF

      Medical Office Condo For Sale

      Fully built-out medical office condo with high visibility.
      8410 W Thomas Rd, Phoenix, AZ 85037
      View Details
    • Contact for pricing
      6,300 SF

      Retail Property Near Westgate

      Retail property located near Westgate City Center and major amenities.
      4215 N 91St Dr, Phoenix, AZ 85037
      View Details
    • $3,464,683

      Phoenix Land For Sale

      Commercial land available in Phoenix with high traffic volume.
      2755 N 91St Ave, Phoenix, AZ 85037
      View Details
    • $1,600,000
      3,800 SF

      Medical Office For Sale

      Built-out medical office space available for sale.
      9515 W Camelback Rd, Phoenix, AZ 85037
      View Details
    • Contact for pricing

      Land with Approved Development Plans

      Land with approved plans for retail and quick lube.
      8415 W Indian School Rd, Phoenix, AZ 85037
      View Details
    • Contact for pricing

      Commercial Land Available For Sale

      Commercial land available for purchase, ground lease, or build-to-suit.
      101 & Thomas Swc Loop, Phoenix, AZ 85037
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical Office Space Available

      Class A medical office building with 60,000 square feet.
      9321 W Thomas Rd, Phoenix, AZ 85037
      View Details
    • Contact for pricing
      2,466 SF

      Retail Space Near Sam's Club

      Retail space with cross-access and connectivity to Sam’s Club.
      8430 W Mcdowell Rd, Phoenix, AZ 85037
      View Details
    • Contact for pricing
      2,050 SF

      Retail Space with Ample Parking

      Retail space with C-2 zoning and monument signage available.
      10540 W Indian School Rd, Phoenix, AZ 85037
      View Details
    • Contact for pricing

      Prime Corner Land for Lease

      High-visibility land for lease in a high-growth area.
      9045 W Indian School Rd, Phoenix, AZ 85037
      View Details
    • Contact for pricing

      Land and Shops Available

      Land and shops for rent at 99th Ave & Indian School Rd.
      9534 W Indian School Rd, Phoenix, AZ 85037
      View Details
    • Contact for pricing
      35,160 SF

      Phoenix Storage Facility Opportunity

      35,160 SF storage facility in Phoenix for rent.
      9975 W Camelback Rd, Phoenix, AZ 85037
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9321 W Thomas Rd
    Phoenix, AZ 85037
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!