Licensed Behavioral Health Residential
For Sale
Contact for pricing
14414 North 29th Street, Phoenix, AZ 85032
Turn-key, fully furnished licensed 10-bed BHRF with open layout and existing AHCSSS ID/AIHP contracts.
Property Size3,900 SF
Price / SF$358.97
Days on Market54
Property Features for 14414 North 29th Street
General Information
Standard status
Active
Size
3,900 SF
Class
A
Property subtype
Business for Sale, Special Purpose
Zoning
Residential
Lease Type
NNN
Investment Type
Owner/User
Additional Details
Business Included
Yes
Building Details
Year Built
1988
Year Renovated
2025
Buildings
1
Units
1
Listing Agency:
Prestige Realty
(623) 866-8784
Listed By:
Daniel Robescu · License #SA570484000
Source:
Crexi
Added: Jun 19
Changed: Aug 8
Last Checked: Aug 8 at 8:01AM
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 Prestige Realty
Investment Insights
Based on property information with market context.
This property is a licensed 10-bed BHRF (Behavioral Health Residential Facility) currently offered for sale. The facility includes 8 bedrooms and 3 bathrooms within approximately 3,900 square feet of living space. It is described as fully furnished and equipped, and the sale includes the LLC and FF&E. The home is currently vacant and features an open floorplan, supported by the listing’s description of a turnkey business setup. Flexible lease terms are referenced as part of the offering, and AHCSSS ID/AIHP contracts are already in place. Proof of funds is required to tour.
Located in Phoenix, Arizona, the property is presented as a dedicated residential healthcare facility setup rather than a general commercial space. The listing emphasizes the licensed BHRF status and the presence of existing program-related contracts, which can be important considerations for operators focused on continuity of service.
For buyers or operators seeking a turn-key behavioral health residential facility, the existing license capacity, furnished condition, and included FF&E may help streamline the start-up process. With the AHCSSS ID/AIHP contracts already in place, this may appeal to qualified parties looking for an operating-ready configuration. The offering also references flexible lease terms, while noting that tours require proof of funds.
Located in Phoenix, Arizona, the property is presented as a dedicated residential healthcare facility setup rather than a general commercial space. The listing emphasizes the licensed BHRF status and the presence of existing program-related contracts, which can be important considerations for operators focused on continuity of service.
For buyers or operators seeking a turn-key behavioral health residential facility, the existing license capacity, furnished condition, and included FF&E may help streamline the start-up process. With the AHCSSS ID/AIHP contracts already in place, this may appeal to qualified parties looking for an operating-ready configuration. The offering also references flexible lease terms, while noting that tours require proof of funds.
Key Highlights
- Licensed 10‑bed BHRF (Behavioral Health Residential Facility) in Phoenix, AZ
- 8 bedrooms, 3 bathrooms, with 3,900 sq ft of living space
- Fully furnished and equipped; LLC and FF&E included in the sale
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,583
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$791,660
$791.7K
Cap Rate 7%
$565,471
$565.5K
Cap Rate 9%
$439,811
$439.8K
Market Conditions
NOI Build-Up for 3,900 SF
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.
Gross rent
$77.2K $19.80/SF
− Vacancy
−$5.3K −$1.35/SF
EGI
$72.0K $18.45/SF
− OpEx
−$32.4K −$8.30/SF
NOI
$39.6K $10.15/SF
Area
ZIP 85032
Vacancy
6.80%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$791,660
Cap Rate 7%
$565,471
Cap Rate 9%
$439,811
Alternative Uses
Best Use
Apartment 5plus
$565.5K
$494.8K – $659.7K
NOI $39,583 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,522 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
568
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85032, AZ
68,710
Population
30,386
Households
2.3
Avg Household Size
38
Median Age
34%
College-Educated
89%
High-School Grad
12.4 sq mi
ZIP Area
5,541
Density / Sq Mi
$74,331
Median Household Income
$44,790
Median Earnings
$1,492
Median Rent
$387,900
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Assisted living facility - Turn-key, fully furnished licensed 10-bed BHRF with open layout and existing AHCSSS ID/AIHP contracts.
Where is this assisted living facility located?
The property is located at 14414 North 29th Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Licensed 10‑bed BHRF (Behavioral Health Residential Facility) in Phoenix, AZ; 8 bedrooms, 3 bathrooms, with 3,900 sq ft of living space; Fully furnished and equipped; LLC and FF&E included in the sale
