Assisted Living
For Sale
Contact for pricing
15825 N 19th Pl, Phoenix, AZ 85022
Licensed for residential assisted living, with behavioral health licensure pending and operations currently inactive.
Property Size3,646 SF
Price / SF$287.99
Days on Market144
Property Features for 15825 N 19th Pl
General Information
Standard status
Active
Size
3,646 SF
Class
B
Property subtype
Senior Living, Special Purpose
Zoning
R-10
Building Details
Year Built
1980
Buildings
1
Stories
1
Listing Agency:
EXP Realty
(480) 766-2973
Listed By:
Jake Crawford · License #SA646424000
Source:
Crexi
Added: Apr 9
Changed: Aug 30
Last Checked: Aug 30 at 3:21AM
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 EXP Realty
Investment Insights
Based on property information with market context.
The 3,646-square-foot assisted living facility at 15825 N 19th Pl in Phoenix, Arizona, was built in 1980. The property is not currently operational, allowing a qualified operator or owner-user to evaluate its existing configuration and determine an appropriate renovation or reconfiguration plan.
Residential assisted living licensure is in place, while behavioral health licensure remains pending. The property is zoned R-10. Any future use, licensing, renovation scope, and operating model should be independently evaluated before proceeding.
Residential assisted living licensure is in place, while behavioral health licensure remains pending. The property is zoned R-10. Any future use, licensing, renovation scope, and operating model should be independently evaluated before proceeding.
Key Highlights
- 3,646‑square‑foot assisted living facility
- Built in 1980
- Licensed for residential assisted living
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
$42,525
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
4.05%
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%
$850,500
$850.5K
Cap Rate 7%
$607,500
$607.5K
Cap Rate 9%
$472,500
$472.5K
Market Conditions
NOI Build-Up for 3,646 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
$82.3K $22.56/SF
− Vacancy
−$4.9K −$1.35/SF
EGI
$77.3K $21.21/SF
− OpEx
−$34.8K −$9.54/SF
NOI
$42.5K $11.66/SF
Area
Phoenix, AZ
Vacancy
6.00%
Lease Rate
$22.56 /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%
$850,500
Cap Rate 7%
$607,500
Cap Rate 9%
$472,500
Alternative Uses
Best Use
Apartment 5plus
$607.5K
$531.6K – $708.8K
NOI $42,525 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$966.4K – $1.29M
NOI $77,308 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
565
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 85022, AZ
51,314
Population
25,020
Households
2.1
Avg Household Size
39
Median Age
36%
College-Educated
91%
High-School Grad
9.4 sq mi
ZIP Area
5,459
Density / Sq Mi
$66,601
Median Household Income
$45,875
Median Earnings
$1,517
Median Rent
$385,900
Median Home Value
Questions? Ask Rey
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Similar Off Market Nearby
- Ambiance Assisted Living Home — 2101 E Everett Dr, Phoenix, AZ 85022
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- Family Affair Adult Care Home — 15801 N 19th Pl, Phoenix, AZ 85022
- Desert Comfort Assisted Living Home — 15873 N 18th St, Phoenix, AZ 85022
Frequently Asked Questions
What type of property is this?
Assisted living facility - Licensed for residential assisted living, with behavioral health licensure pending and operations currently inactive.
Where is this assisted living facility located?
The property is located at 15825 N 19th Pl Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 3,646‑square‑foot assisted living facility; Built in 1980; Licensed for residential assisted living
