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    Peoria, AZ 85382 Peoria, AZ 85382

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    For Sale
    $1,495,000

    COMMERCIAL - Peoria, AZ

    Property size:
    2,846 SF
    Lot size:
    0.17 Acres
    Added:
    Dec 22, 2025
    Days on Market:
    109
    Last Refresh:
    Apr 10 at 12:06 am

    Property Features

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Exterior features
    Sidewalk(s)
    Standard status
    Active
    APN
    200-18-103
    Size
    2,846 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Description
    LOT 102 FLETCHER HEIGHTS PHASE 1A MCR

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Electric (Heating)
    Cooling system
    Electric, Ceiling Fan(s)

    Building Details

    Building materials
    Wood Frame, Stucco

    We can help!

    Listing Contact
    Kelly Cook

    Listing agent Kelly Cook License #SA562405000

    Listing office Real Broker 14201 N Hayden Rd, Ste C-4, tempe, AZ

    Listing date Dec 22, 2025

    MLS# 6960258

    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.

    Overview

    Peoria Assisted Living Facility

    Located in Peoria, Arizona, this established assisted living home presents a business opportunity in a residential neighborhood. The property, currently operating as a licensed senior living facility, features 10 bedrooms, 3 full bathrooms, and 5 half bathrooms within its 2,846 square feet of living space. The layout is designed to accommodate residents, incorporating safety features, accessibility upgrades, and common areas. A functional kitchen, private bedrooms, and outdoor relaxation spaces are included. Situated in a well-maintained community, the property is near major hospitals, medical offices, shopping, and dining. The lot size is 0.1716 acres. This property is suitable for an experienced operator or investor looking to enter or expand in the senior care industry.
    Location Intelligence

    Current Use by Public Records

    Assisted living facilities

    Similar Places Nearby

    • Fairmont Village Assisted Living and Memory Care — 10401 n 79th ave, peoria, az 85345
    • Peppertree Square — 10420 N 89th Ave, Peoria, AZ 85345
    • St. Therese Assisted Living — 7842 W Brown St, Peoria, AZ 85345
    • Paseo Village — 10420 N 89th Ave, Peoria, AZ 85345
    • Fairmont Village Memory Care — 10401 N 79th Ave, Peoria, AZ 85345

    Map

    City
    Peoria
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.254
    Latitude
    33.6895

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    FAQs

    What type of property is this?
    Assisted living facility - Turnkey assisted living facility in a desirable Peoria neighborhood.
    Where is this assisted living facility located?
    The property is located at Peoria, AZ.
    What is the asking price?
    The asking price for this property is $1,495,000.
    What are key features of this property?
    This property features: Turnkey, established assisted living business opportunity.; Licensed senior living facility with **10 bedrooms and accessibility upgrades.**; Prime location in a desirable Peoria neighborhood near hospitals, medical offices, shopping, and dining.
    (480) 442-9868
    We can help!
    Listing Contact
    Kelly Cook
    Real Estate License ID: SA562405000
    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.

    More about this property
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