Behavioral Health Rehabilitation
For Sale
$1,795,000
1522 W MYRTLE Avenue, Phoenix, AZ 85021
City-licensed behavioral health facility with private recreation areas, garden features, and a separate casita or recreation room.
Property Size6,894 SF
Lot Size1.00 Acre
Days on Market150
Property Features for 1522 W MYRTLE Avenue
General Information
Standard status
Active
Size
6,894 SF
Lot size
1.00 Acre
Property subtype
COMMERCIAL
Amenities
lush garden
patio spaces
fountains
circular pool
Casita/Rec room
Building Details
Building Size
6,894 SF
Buildings
2
Listing Agency:
HomeSmart
Listed By:
Brian Hines · License #SA044449000
(602) 614-8822
Source:
Jcluxuryresidential
Added: May 18
Changed: Oct 10
Last Checked: Oct 13 at 12:44AM
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 HomeSmart
Investment Insights
Based on property information with market context.
This 6,894-square-foot behavioral health property is city licensed for 10 beds and configured for rehabilitation or assisted daily living use. The improvements include a large primary building and a separate casita or recreation room, with six half bathrooms and three shower rooms. Interior and exterior areas provide private space beyond a conventional residential layout.
The approximately one-acre property is located at 1522 W Myrtle Ave in Phoenix, Arizona, and is currently zoned residential. Grounds include a landscaped garden, patio areas, fountains, and a circular pool. The site previously served as the home of Hospice of Arizona for 30 years.
The approximately one-acre property is located at 1522 W Myrtle Ave in Phoenix, Arizona, and is currently zoned residential. Grounds include a landscaped garden, patio areas, fountains, and a circular pool. The site previously served as the home of Hospice of Arizona for 30 years.
Key Highlights
- City licensed behavioral health center with a 10‑bed configuration
- 6,894‑square‑foot property on approximately 1 acre
- Large primary building plus separate casita or recreation room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,281
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,965,620
$2.0M
Cap Rate 7%
$1,404,014
$1.4M
Cap Rate 9%
$1,092,011
$1.1M
Market Conditions
NOI Build-Up for 6,894 SF
Gross rent
$182.0K $26.40/SF
− Vacancy
−$18.2K −$2.64/SF
EGI
$163.8K $23.76/SF
− OpEx
−$65.5K −$9.50/SF
NOI
$98.3K $14.26/SF
Area
Phoenix, AZ
Vacancy
10.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,965,620
Cap Rate 7%
$1,404,014
Cap Rate 9%
$1,092,011
Alternative Uses
Best Use
Healthcare Medical
$1.40M
$1.23M – $1.64M
NOI $98,281 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,178 @ 7.0% cap · market cap 8.14%
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
759
Businesses Nearby
Explore this area
Business Placement
Demographics for 85021, AZ
40,943
Population
18,136
Households
2.3
Avg Household Size
35
Median Age
33%
College-Educated
87%
High-School Grad
6.9 sq mi
ZIP Area
5,934
Density / Sq Mi
$58,481
Median Household Income
$38,147
Median Earnings
$1,221
Median Rent
$433,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Rehabilitation center - City-licensed behavioral health facility with private recreation areas, garden features, and a separate casita or recreation room.
Where is this rehabilitation center located?
The property is located at 1522 W MYRTLE Avenue Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: City licensed behavioral health center with a 10‑bed configuration; 6,894‑square‑foot property on approximately 1 acre; Large primary building plus separate casita or recreation room
