4524 Maryvale PkwyPhoenix, AZ 85031

Property Details for 4524 Maryvale Pkwy

Year built

2001

Construction

CONCRETE

Lot size

3.43 AC

Property size (Sq ft)

23,906 SF

Zone code

R-5

Property type

Healthcare properties

Property subtype

Medical offices

APN

144-44-002Z

APU

14444002Z

Description

This exceptional opportunity presents itself in the form of available medical office suites at the Medical Arts Plaza, a Class A building situated in Northwest Phoenix, Arizona. The property, located at 4524 N Maryvale Pkwy, Phoenix, AZ 85031, boasts a total of 24,406 square feet across two stories, built in 2002. The building is conveniently located near N Maryvale Pkwy and offers ample parking with 216 spaces. Two elevators serve the building's tenants. Currently, there are 11,547 square feet of vacant space available, divisible into units ranging from a minimum of 1,880 square feet to a maximum contiguous space of 9,667 square feet. The property sits on 3.43 acres of land and is zoned C. Its Maricopa County location (APN 144-44-002Z) provides easy access to a growing community. The building features modern infrastructure and is ideal for physicians and specialists seeking to establish or expand their practices. The property offers significant advantages for healthcare professionals serving this area.

• CAP approach

  CAP return

  Valuation

  6%

  $5,727,374

  6.5%

  $5,286,806

  7%

  $4,909,177

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,685,110

  Geo Method

  $3,685,110

• Alternative Use

  Use

  Valuation

  Residential

  $6,555,640

  Hospitality

  $6,004,930

  Educational

  $4,996,032

  Medical

  $5,167,853

  Retail

  $7,771,605

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.5031

Longitude

-112.173

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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