Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,360,000
Medical Office Space
9424 25th Ave Phoenix, AZ 85021-2714
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-2876442
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1983
Construction
CONCRETE
Total area
19,218 SF
Lot
2.13 ac (92,602 SF)
Zoning code
A-1
APN
149-12-004X
UPID
US07-2876442
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
-
Thunderbird VA Clinic Medical Clinic
-
Carson Elizabetha DO Physician
-
VA Optical Physician
-
Min Julie E Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.42M
Blend (final)
Blend
$4.36M
Owner & transaction history
Univest-burbank Sc Lllp · 14 yrs held
Univest-burbank Sc Lllp
since 2011
7 recorded transactions
Zoning & alternative use
A-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of A-1 zone is to provide industrial uses designed to serve the needs of the community for industrial activity not offensive to nearby commercial and residential uses
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
16,992.51 ac
Source
Realmo
Top alternative use upside
Office building
$7.0M
+36.4%
Retail stores
$5.7M
+12.3%
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
$5,100,000
Current use
OFFICE BUILDING
$6,960,000
Change: +36% · Conversion: Easy
RETAIL STORES
$5,725,000
Change: +12% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,990,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,890,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$4.36M
Range $3.92M – $4.80M · ±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
$227 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$41,836
Tax year 2022
Assessed value
$560,070
Assessed 2024
Previous assessed
$464,627
+20.5% YoY
Effective rate
7.47%
On assessed value
Land market value
$1,312,000
Improvement market value
$2,082,361
Total market value
$3,394,361
Applied tax rate
61,300.0000
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
1983
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
19,218 SF
Lot
2.13 ac (92,602 SF)
Zoning code
A-1
APN
149-12-004X
UPID
US07-2876442
Jurisdiction
MARICOPA
Zoning & alternative use
A-1 · Phoenix, AZZoning A-1 · permitted uses
A-1 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of A-1 zone is to provide industrial uses designed to serve the needs of the community for industrial activity not offensive to nearby commercial and residential uses
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
16,992.51 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$5.1M
OFFICE BUILDING
Est. value
$7.0M
RETAIL STORES
Est. value
$5.7M
WAREHOUSE, STORAGE
Est. value
$5.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.9M
MEDICAL BUILDING Current
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
1983
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.13 ac
Current owner
From public records · entity-resolved
Univest-burbank Sc Lllp
Entity
Mailing address
10611 N HAYDEN RD STE D105, SCOTTSDALE, AZ 85260-8509
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2011
—
Univest-burbank Sc Lllp
Univest-burbank Sc Lllp
Quit Claim Deed
related
$2,500,000 · Farm Bureau Prop & Casualty In
Aug 7, 2009
$4,800,000
Univest Burbank Sc Lllp
Hamstra Thunderbird LLC
Special Warranty Deed
$2,750,000 · One Financial LLC
Sep 16, 2008
$2,300,000
Hamstra-thunderbird LLC
Forem Investments
Grant Deed
—
Feb 3, 2000
$2,225,000
Forem Investments
Wb Ventures LLC
Grant Deed
$350,000 · Seller
Dec 23, 1997
$1,800,000
W B Ventures L L C
Stephen K Easton
Trustees Deed
—
Dec 23, 1997
—
Upjohn National Leasing Co
Hartford Insurance Co
Quit Claim Deed
related
—
Dec 23, 1997
$1,400,000
7 Mile Road Realty Corp
Elizabeth Family Trust
Trustees Deed
—
Nov 30, 1993
—
Upjohn,elizabeth S
Thompson
Trustees Deed
related
—
—
—
Upjohn National Leasing Co
—
Deed Of Trust
related
—
—
—
Hamstra-thunderbird LLC
—
Deed Of Trust
related
$1,500,000 · Advantage National Bank Group
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?”
You own 9424 25th Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
