1010 Mcdowell RdPhoenix, AZ 85006

Property Details for 1010 Mcdowell Rd

Year built

1975

Construction

STEEL FRAME

Lot size

3.41 AC

Property size (Sq ft)

51,152 SF

Zone code

P-1

Property type

Medical offices

Property subtype

Medical centers

APN

117-25-111A

APU

11725111A

Description

McDowell Medical Center, located at 1010 E McDowell Rd in Phoenix, Arizona (zip code 85006), offers a unique opportunity for medical professionals seeking versatile office space. This five-story building, constructed in 1975 and extensively renovated in 2021 with approximately $5 million in capital improvements, boasts a total of 62,851 square feet. The property is zoned C-2 and features ample surface parking with a ratio of 5.3 spaces per 1,000 square feet. Multiple tenancy options are available, with suites ranging from a minimum of 1,297 square feet to a maximum contiguous space of 3,698 square feet. Currently, 14,004 square feet of space is vacant and ready for immediate occupancy. The building's central location near Banner University Medical Center provides excellent visibility and accessibility for patients and staff. The property's Assessed Parcel Number (APN) is 117-25-111A in Maricopa County. This is an exceptional opportunity to establish or expand a medical practice in a well-maintained, conveniently located facility.

• CAP approach

  CAP return

  Valuation

  6%

  $12,809,300

  6.5%

  $11,824,000

  7%

  $10,979,400

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,885,080

  Geo Method

  $7,885,080

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $23,129,100

  Retail / Commercial

  $11,889,800

  Mixed-Use / Specialty

  $11,870,500

  Hospitality / Lodging

  $8,739,040

  Institutional / Educational

  $12,348,800

  Residential Income

  $14,448,100

  Multifamily

  $17,200,200

  Automotive / Energy

  $10,584,700

  Parking / Income-Based Land

  $3,629,830

  Restaurant / Food Service

  $6,223,190

  Healthcare / Senior Housing

  $12,149,300

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4667

Longitude

-112.06

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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