8618 35Th AvePhoenix, AZ 85051

Property Details for 8618 35Th Ave

Year built

1986

Construction

CONCRETE

Lot size

0.52 AC

Property size (Sq ft)

10,470 SF

Zone code

C-O

Property type

Healthcare properties

Property subtype

Medical offices

APN

150-15-170F

APU

15015170F

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,709,644

  6.5%

  $1,578,133

  7%

  $1,465,409

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,613,950

  Geo Method

  $1,613,950

• Alternative Use

  Use

  Valuation

  Residential

  $1,956,885

  Hospitality

  $1,792,496

  Educational

  $1,491,336

  Medical

  $1,542,625

  Retail

  $2,319,856

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.5631

Longitude

-112.135

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].