15024 West Desert Hollow Dr, Surprise, AZ 85387
For Sale
$595,000
APPROVED ZONING for assisted living home.
Property Size2,645 SF
Lot Size0.00 Acres
Price / SF$224.95
Days on Market47
Property Features for 15024 West Desert Hollow Dr
General Information
Standard status
Property type
Size
Total Parking Spaces
Elevators
Lot size
Building Details
Year Built
Buildings
Stories
Units
Listed By:
Lenny Moon
(480) 319-0750
Added: Sep 25
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Investment Insights
Based on property information with market context.
Key Highlights
- APPROVED ZONING for an assisted living home by the City of Surprise. Plans in hand for fire sprinkler system. Low entry, startup opportunity. Permits are still needed to accuate assisted living home.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,133
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,660
$542.7K
Cap Rate 7%
$387,614
$387.6K
Cap Rate 9%
$301,478
$301.5K
Market Conditions
NOI Build-Up for 2,645 SF
Gross rent
$52.4K $19.80/SF
− Vacancy
−$3.0K −$1.15/SF
EGI
$49.3K $18.65/SF
− OpEx
−$22.2K −$8.39/SF
NOI
$27.1K $10.26/SF
Area
Surprise, AZ
Vacancy
5.80%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,660
Cap Rate 7%
$387,614
Cap Rate 9%
$301,478
Alternative Uses
Best Use
Apartment 5plus
$387.6K
$339.2K – $452.2K
NOI $27,133 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$815.7K
$713.7K – $951.6K
NOI $57,098 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
607
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 85387, AZ
16,331
Population
8,707
Households
1.9
Avg Household Size
52
Median Age
35%
College-Educated
94%
High-School Grad
60.0 sq mi
ZIP Area
272
Density / Sq Mi
$95,472
Median Household Income
$53,282
Median Earnings
$2,405
Median Rent
$453,800
Median Home Value
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Market
Average Price Trend$/SF for Assisted living facilities in Maricopa County, AZ
Properties on Market for Assisted living facilities in Maricopa County
Similar Off Market Nearby
- Olive Manor Assisted Living — 13250 w port royale ln, surprise, az 85379
- El Mirage Group Home — 13045 W Port Royale Ln, El Mirage, AZ 85335
- Tranquility House LLC — 13428 W Acapulco Ln, Surprise, AZ 85379
- A Paradise for Parents Assisted Living & Memory Care — 15257 N 135th Dr, Surprise, AZ 85379
- AA Love Care Home — 13401 W Saguaro Ln, Surprise, AZ 85374
Frequently Asked Questions
What type of property is this?
Assisted living facility - APPROVED ZONING for assisted living home.
Where is this assisted living facility located?
The property is located at 15024 West Desert Hollow Dr Surprise, AZ.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: APPROVED ZONING for an assisted living home by the City of Surprise. Plans in hand for fire sprinkler system. Low entry, startup opportunity. Permits are still needed to accuate assisted living home.
