Inpatient Healthcare
2932 N 14th St, Phoenix, AZ 85014
For Sale
New
Contact for pricing
The property includes private and shared rooms, a commercial kitchen and dining area, recreation space, and laundry facilities.
Property Size31,181 SF
Price / SF$197.24
Days on Market4
Property Features for 2932 N 14th St
General Information
Standard status
Size
Property subtype
Financials
Asking Price
Cap Rate
Site & Location
Neighborhood
Highway Access
Additional Details
Tenant in Place
Amenities
private rooms
group rooms
commercial kitchen
dining
recreational areas
laundry facilities
Building Details
Tenancy
Listing Agency:
Colliers | Phoenix
(602) 222-5000
Listed By:
Julie Johnson, CCIM · License AZ SA035950000
(602) 684-8558
Source:
Moodyscre
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:45PM
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 Colliers | Phoenix
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Investment Insights
Based on property information with market context.
This 31,181-square-foot inpatient healthcare property is configured with private and group rooms, along with a commercial kitchen and dining area. Recreation space and laundry facilities are also part of the building, supporting its healthcare and housing functions. A five-year lease is in place with a nonprofit organization that provides transitional housing services and was founded in 2003.
At 2932 N 14th St in Midtown Phoenix, the facility offers access to SR-51 and I-10. Medical and professional services are present in the surrounding area. The property’s room configuration and shared service areas are suited to its current housing and care role.
At 2932 N 14th St in Midtown Phoenix, the facility offers access to SR-51 and I-10. Medical and professional services are present in the surrounding area. The property’s room configuration and shared service areas are suited to its current housing and care role.
Key Highlights
- 31,181‑square‑foot inpatient healthcare property
- Five‑year lease with a nonprofit transitional housing provider founded in 2003
- Private and group rooms, commercial kitchen, dining, recreation, and laundry areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$444,516
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,890,320
$8.9M
Cap Rate 7%
$6,350,229
$6.4M
Cap Rate 9%
$4,939,067
$4.9M
Market Conditions
NOI Build-Up for 31,181 SF
Gross rent
$823.2K $26.40/SF
− Vacancy
−$82.3K −$2.64/SF
EGI
$740.9K $23.76/SF
− OpEx
−$296.3K −$9.50/SF
NOI
$444.5K $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%
$8,890,320
Cap Rate 7%
$6,350,229
Cap Rate 9%
$4,939,067
Alternative Uses
Best Use
Healthcare Medical
$6.35M
$5.56M – $7.41M
NOI $444,516 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.44M
$8.26M – $11.02M
NOI $661,149 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,897
Businesses Nearby
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Business Placement
Demographics for 85014, AZ
26,381
Population
14,778
Households
1.8
Avg Household Size
37
Median Age
43%
College-Educated
90%
High-School Grad
4.0 sq mi
ZIP Area
6,595
Density / Sq Mi
$69,995
Median Household Income
$48,465
Median Earnings
$1,339
Median Rent
$447,500
Median Home Value
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Market
Average Price Trend$/SF for Healthcare properties in Phoenix, AZ
Properties on Market for Healthcare properties in Phoenix
Frequently Asked Questions
What type of property is this?
Healthcare property - The property includes private and shared rooms, a commercial kitchen and dining area, recreation space, and laundry facilities.
Where is this healthcare property located?
The property is located at 2932 N 14th St Phoenix, AZ.
What is the asking price?
The asking price for this property is $6,150,000.
What are key features of this property?
This property features: 31,181‑square‑foot inpatient healthcare property; Five‑year lease with a nonprofit transitional housing provider founded in 2003; Private and group rooms, commercial kitchen, dining, recreation, and laundry areas
