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    Scottsdale Assisted Living Conversion Opportunity Title is generated by Realmo AI

    8719 E COLUMBUS Avenue, Scottsdale, AZ 85251

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    For Sale
    $1,250,000

    COMMERCIAL - Scottsdale, AZ

    Property size:
    1,993 SF
    Price / SF:
    $627/SF
    Added:
    Jan 30, 2026
    Days on Market:
    107
    Last Refresh:
    May 17 at 12:06 am

    Property Features for 8719 E COLUMBUS Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    130-41-090
    Size
    1,993 SF

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air

    We can help!

    Listing Contact
    Lance Nikolaus

    Listing agent Lance Nikolaus

    Listing office Keller Williams Arizona Realty 5355 E High St #129, Scottsdale, AZ

    Listing date Jan 30, 2026

    MLS# 6976913

    Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Documented pathway for potential use as a small senior assisted living home (subject to verification and approvals).
    • City‑level eligibility identified for care‑home use.
    • Functional 2,000 SF single‑story layout well‑suited for accessibility‑oriented residential use.
    • Located in an established Scottsdale neighborhood.
    • Value‑add scenario with multiple potential strategies (residential or care conversion).
    • Heating: Natural Gas, Cooling: Central Air, Sewer: Public Sewer.

    Overview

    Located in Scottsdale, this single-story residential property, totaling approximately 1,993 square feet, offers a potential pathway for conversion into a small senior assisted living home, pending buyer verification and necessary approvals. Situated in an established neighborhood, the residence features a functional layout conducive to accessibility-oriented residential use. City-level eligibility for care-home use has been identified, offering a starting point for buyers considering residential care conversion opportunities. The property represents a value-add scenario with multiple potential strategies, including continued residential use or pursuit of licensing through the Arizona Department of Health Services and applicable fire and building codes. No business operations are included. The property is located in Maricopa County, Arizona.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Assisted living facilities

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Aloha Assisted Living Home — 3414 N 81st St, Scottsdale, AZ 85251
    • The Alexa Home — 8120 E Amelia Ave, Scottsdale, AZ 85251
    • Southwest Comfort Care — 8608 E Roanoke Ave, Scottsdale, AZ 85257
    • Home Sweet Home On Cheery Lynn — 8701 e cheery lynn rd, scottsdale, az 85251
    • Assisted Living Locators - Franchising — 8100 E Indian School Rd # 201, Scottsdale, AZ 85251

    Location Insight

    • Map
    • Local Demand
    City
    Scottsdale
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.892859
    Latitude
    33.489489

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    FAQs

    What type of property is this?
    Assisted living facility - Single-story Scottsdale property suitable for assisted living conversion.
    Where is this assisted living facility located?
    The property is located at 8719 E COLUMBUS Avenue Scottsdale, AZ.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Documented pathway for potential use as a small senior assisted living home (subject to verification and approvals).; City‑level eligibility identified for care‑home use.; Functional 2,000 SF single‑story layout well‑suited for accessibility‑oriented residential use.
    (480) 440-5341
    We can help!
    Listing Contact
    Lance Nikolaus
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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