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    Senior Living Development Opportunity Title is generated by Realmo AI

    10000 E University Dr, Prescott Valley, AZ 86314

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    Fully entitled, shovel-ready senior living development in Prescott Valley, Arizona.

    Type:Hospitality, Multifamily, Office, Senior Living
    Property size:
    54,552 SF
    Price / SF:
    $274/SF
    Added:
    Feb 20, 2026
    Days on Market:
    127
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 10000 E University Dr

    General Information

    Standard status
    Active
    Size
    54,552 SF
    Property subtype
    Hospitality, Multifamily, Office, Senior Living

    Building Details

    Year Built
    2005

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    Matthew Fish
    Matthew Fish

    Listing office Arizona Commercial Real Estate

    Listing date Feb 20, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Arizona Commercial Real Estate

    HighLights

    • Fully Entitled, Shovel‑Ready Senior Living Development Opportunity
    • Located in Prescott Valley, Arizona, a rapidly growing retirement market
    • Existing 54,552 SF building suitable for community hub and residential units
    • Approved for up to 259 residential units (apartments, cottages, townhomes)
    • Flexibility for 55+ Active Adult or Continuing Care Retirement Community (CCRC)
    • Convenient access to retail, medical corridor, and mountain views

    Overview

    This is a fully entitled, shovel-ready senior living development opportunity located in Prescott Valley, Arizona. The project is anchored by an existing 54,552 square foot, three-story former university building, planned to serve as the community’s central hub. This structure is suited to accommodate a range of community and care-related uses, including memory care, medical clinic space, restaurant and dining facilities, wellness and fitness amenities, and residential units. The development is fully approved for up to 259 residential units consisting of a mix of apartments, single-family cottages, and townhomes. The project allows for either a 55+ Active Adult community or a full Continuing Care Retirement Community (CCRC). Planned amenities include multiple dining venues, pickleball and tennis courts, and additional lifestyle and wellness features. The property benefits from convenient access to major arterial roadways and is located less than two miles from the area’s primary retail and medical corridor, which includes regional shopping, dining, entertainment, banking, professional services, and hospital facilities. The site also offers mountain views and proximity to outdoor recreational opportunities. The project is situated within a rapidly expanding growth corridor, with surrounding land planned for approximately 2,000 additional single-family homes and complementary commercial development.

    Local Financial Insights For Healthcare Medical

    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 $1.58M $29.04
    − Vacancy −$103.0k −$1.89
    EGI $1.48M $27.15
    − OpEx −$592.5k −$10.86
    NOI $888.7k $16.29
    54,552 SF · lease $29.04/SF/yr · vacancy 6.50% · expense 40.00%

    Alternative Uses

    Best Use
    Healthcare Medical
    $12.70M
    $11.11M – $14.81M (±1% cap)
    NOI $888,731 @ 7.0% cap · market cap 5.92%
    Second Best
    Apartment 5plus
    $8.31M
    $7.27M – $9.69M (±1% cap)
    NOI $581,470 @ 7.0% cap · market cap 3.88%
    Theoretical Best
    Warehouse
    $18.27M
    $15.99M – $21.32M (±1% cap)
    NOI $1,279,233 @ 7.0% cap · market cap 8.53%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical centers

    Suggested Use

    Big Box & Wholesale Store Auto Repair Shop Department Store Kitchen & Bath Showroom Storage Facility Garden Center Electrical Service Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Prescott Valley
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.2869739
    Latitude
    34.5984818

    FAQs

    What type of property is this?
    Senior housing / Retirement Home - Fully entitled, shovel-ready senior living development in Prescott Valley, Arizona.
    Where is this senior housing / retirement home located?
    The property is located at 10000 E University Dr Prescott Valley, AZ.
    What is the asking price?
    The asking price for this property is $15,000,000.
    What are key features of this property?
    This property features: Fully Entitled, Shovel‑Ready Senior Living Development Opportunity; Located in Prescott Valley, Arizona, a rapidly growing retirement market; Existing 54,552 SF building suitable for community hub and residential units
    (480) 309-1089 Call to check price and availability
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