Remodeled Assisted Living
XXZZZ N Assisted Living Home Lane Phoenix, AZ 85053
For Sale
Under Contract
$849,950
COMMERCIAL - Phoenix, AZ
Property Size2,474 SF
Lot Size0.30 Acres
Price / SF$343.55
Days on Market163
Property Features for XXZZZ N Assisted Living Home Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active Under Contract
APN
000-00-000
Size
2,474 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Description
LOT 159 SHADOW CANYON 2 MCR
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Listing Agency:
West USA Realty
(480) 948-5554
Listed By:
Mihaela Phillips · License #SA698081000
(602) 920-0048
Added: Feb 16
Changed: Jul 23
Last Checked: Jul 29 at 3:06PM
MLS# 6985417
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.
Investment Insights
Based on property information with market context.
This remodeled assisted living facility is currently licensed for 8 beds and is zoned for up to 10 beds. The property is described as totally remodeled, offering a turn-key setting for an operator looking to increase capacity within the zoning limits.
Located in Phoenix, Arizona, the offering is presented as an assisted living opportunity with an established operating history. The site is sized for the facility’s current use and supports potential expansion to the 10-bed capacity reflected in the zoning.
For sale as a healthcare property configured for residential care use, with the key capacity details being 8 beds currently licensed and 10 beds permitted by zoning.
Located in Phoenix, Arizona, the offering is presented as an assisted living opportunity with an established operating history. The site is sized for the facility’s current use and supports potential expansion to the 10-bed capacity reflected in the zoning.
For sale as a healthcare property configured for residential care use, with the key capacity details being 8 beds currently licensed and 10 beds permitted by zoning.
Key Highlights
- Zoned for 10 beds, offering immediate expansion potential.
- Currently licensed for 8 beds, providing existing operational framework.
- Prime Phoenix location, advantageous for attracting residents.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.8k | $22.56 |
| − Vacancy | −$3.3k | −$1.35 |
| EGI | $52.5k | $21.21 |
| − OpEx | −$23.6k | −$9.54 |
| NOI | $28.9k | $11.66 |
2,474 SF · lease $22.56/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$412.2K
$360.7K – $480.9K
NOI $28,856 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$749.4K
$655.7K – $874.3K
NOI $52,458 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- ALJ Assisted Living — Phoenix, AZ 85027
- Celestial Care — 2730 W Agua Fria Fwy #207, Phoenix, AZ 85027
- Marco Polo Care Home — 2157 W Marco Polo Rd, Phoenix, AZ 85027
- Desert Valley Hospice — 20045 N 19th Ave Building 9 Suite 162, Phoenix, AZ 85027
- Silver Star Assisted Living — 1851 W Behrend Dr, Phoenix, AZ 85027
Frequently Asked Questions
What type of property is this?
Assisted living facility - Assisted living facility currently licensed for 8 beds and zoned for 10 beds after a full remodel.
Where is this assisted living facility located?
The property is located at XXZZZ N Assisted Living Home Lane Phoenix, AZ.
What is the asking price?
The asking price for this property is $849,950.
What are key features of this property?
This property features: Zoned for 10 beds, offering immediate expansion potential.; Currently licensed for 8 beds, providing existing operational framework.; Prime Phoenix location, advantageous for attracting residents.
