Assisted Living Facility with Four
For Sale
$949,000
2115-2119 N State Route 89, Chino Valley, AZ 86323
Four accessible residential buildings include individual kitchens, bathrooms, and laundry facilities.
Property Size7,672 SF
Lot Size3.50 Acres
Price / SF$123.70
Days on Market41
Property Features for 2115-2119 N State Route 89
General Information
Standard status
Active
Size
7,672 SF
Lot size
3.50 Acres
Property subtype
Multi-Family
Amenities
handicap accessible
private well
greenhouse
Building Details
Year Built
1962
Buildings
4
Listing Agency:
eXp Realty
Listed By:
Geoffrey Hyland · License #SA561564000
(928) 445-2100
Source:
Searchprescotthouses
Added: Sep 22
Changed: Oct 31
Last Checked: Nov 1 at 5:45AM
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
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Investment Insights
Based on property information with market context.
This 7,672-square-foot assisted living property comprises four residential buildings, each with a kitchen, bathrooms, and laundry facilities. The buildings provide a combined 8 bathrooms and are designed for wheelchair access. The site has served as a residential care facility for 47 years and may accommodate up to 22 residents, subject to buyer verification.
Additional site features include a private well, three septic systems, on-site parking, and a greenhouse. The property is on 3.5 acres at 2115-2119 N State Route 89 in Chino Valley, Arizona. Buyers should confirm proposed uses with the Town of Chino Valley.
Additional site features include a private well, three septic systems, on-site parking, and a greenhouse. The property is on 3.5 acres at 2115-2119 N State Route 89 in Chino Valley, Arizona. Buyers should confirm proposed uses with the Town of Chino Valley.
Key Highlights
- Four residential buildings, each with its own kitchen, bathrooms, and laundry
- 7,672 square feet on 3.5 acres at 2115‑2119 N State Route 89, Chino Valley, AZ
- Residential care facility operation spanning 47 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,776
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,635,520
$1.6M
Cap Rate 7%
$1,168,229
$1.2M
Cap Rate 9%
$908,622
$908.6K
Market Conditions
NOI Build-Up for 7,672 SF
Gross rent
$156.5K $20.40/SF
− Vacancy
−$7.8K −$1.02/SF
EGI
$148.7K $19.38/SF
− OpEx
−$66.9K −$8.72/SF
NOI
$81.8K $10.66/SF
Area
Yavapai County, AZ
Vacancy
5.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,635,520
Cap Rate 7%
$1,168,229
Cap Rate 9%
$908,622
Alternative Uses
Best Use
Apartment 5plus
$1.17M
$1.02M – $1.36M
NOI $81,776 @ 7.0% cap · market cap 8.62%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.57M
$2.25M – $3.00M
NOI $179,907 @ 7.0% cap · market cap 18.96%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
209
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 86323, AZ
18,422
Population
8,541
Households
2.2
Avg Household Size
51
Median Age
19%
College-Educated
90%
High-School Grad
114.7 sq mi
ZIP Area
161
Density / Sq Mi
$62,815
Median Household Income
$37,385
Median Earnings
$1,167
Median Rent
$349,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Assisted living facility - Four accessible residential buildings include individual kitchens, bathrooms, and laundry facilities.
Where is this assisted living facility located?
The property is located at 2115-2119 N State Route 89 Chino Valley, AZ.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Four residential buildings, each with its own kitchen, bathrooms, and laundry; 7,672 square feet on 3.5 acres at 2115‑2119 N State Route 89, Chino Valley, AZ; Residential care facility operation spanning 47 years
