4530 Ray RdPhoenix, AZ 85044

Property Details for 4530 Ray Rd

Year built

1994

Construction

CONCRETE

Lot size

7.23 AC

Property size (Sq ft)

47,945 SF

Zone code

C-2

Property type

Medical offices

Property subtype

Medical centers

APN

301-58-901D

APU

30158901D

Description

This exceptional medical office building, located at 4530 E Ray Rd in Phoenix, Arizona, presents a unique leasing opportunity. The property, known as Foothills Health Center, boasts a total of 45,130 square feet and sits on a generous 7.2-acre lot. Built in 1994 and renovated in 2001, the building offers ample parking with a ratio of 5.4 spaces per 1,000 square feet. Currently, there are 2,377 square feet of vacant, fully built-out clinical space available for lease, ideal for immediate occupancy. The available space is divisible, with options ranging from approximately 2,662 to 3,825 square feet. The property is zoned C-2, Phoenix, and its Maricopa County APN is 301-58-901D. This prime location in Phoenix, AZ 85044 offers excellent visibility and accessibility. The building's modern design and convenient amenities make it an attractive option for medical professionals seeking a well-established and functional workspace. The property is perfect for a variety of medical practices seeking expansion or relocation. Don't miss this chance to secure your ideal medical office space in a thriving Phoenix location.

• CAP approach

  CAP return

  Valuation

  6%

  $7,460,564

  6.5%

  $6,886,674

  7%

  $6,394,770

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,390,722

  Geo Method

  $7,390,722

• Alternative Use

  Use

  Valuation

  Residential

  $8,539,477

  Hospitality

  $7,822,114

  Educational

  $6,507,908

  Medical

  $6,731,724

  Retail

  $10,123,412

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.3209

Longitude

-111.986

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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