Licensed Assisted Living
607 W VILLA RITA Drive Phoenix, AZ 85023
For Sale
$745,000
COMMERCIAL - Phoenix, AZ
Property Size2,853 SF
Lot Size0.16 Acres
Price / SF$261.13
Days on Market68
Property Features for 607 W VILLA RITA Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Fenced
Exterior features
Rain Gutters
Standard status
Active
APN
208-02-487
Size
2,853 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
LOT 161 ARROYO CROSSING MCR 039940
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Ceiling Fan(s), Electric, Central Air
Listing Agency:
Real Broker
(602) 755-3415
Listed By:
Adrian Cirjan · License #BR624293000
(602) 810-2106
Added: May 24
Changed: Jul 25
Last Checked: Jul 30 at 6:06AM
MLS# 7032859
Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This licensed assisted living home is active and currently has no residents. The property is licensed for 10 residents and is described as Behavioral Health qualified. The home is fully furnished and includes upgrades such as granite tops, travertine and laminate flooring.
Improvements include a fenced pool and spa area. The garage has been converted and provides two additional bedrooms and a half bath, which are noted as not included in the total bedroom count; the conversion is described as city permitted and code-compliant with the Health Department. The space could potentially be converted back to a garage.
The sale is described as including both the business and the real estate. The property is located at 607 W Villa Rita Drive in Phoenix, Arizona 85023.
Improvements include a fenced pool and spa area. The garage has been converted and provides two additional bedrooms and a half bath, which are noted as not included in the total bedroom count; the conversion is described as city permitted and code-compliant with the Health Department. The space could potentially be converted back to a garage.
The sale is described as including both the business and the real estate. The property is located at 607 W Villa Rita Drive in Phoenix, Arizona 85023.
Key Highlights
- Assisted living home with active license in hand (no residents yet), Behavioral Health qualified, licensed for 10 residents
- Business and real estate included; fully furnished
- Upgrades include granite tops, travertine and laminate flooring
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.4k | $22.56 |
| − Vacancy | −$3.9k | −$1.35 |
| EGI | $60.5k | $21.21 |
| − OpEx | −$27.2k | −$9.54 |
| NOI | $33.3k | $11.66 |
2,853 SF · lease $22.56/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$475.4K
$416.0K – $554.6K
NOI $33,276 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$864.2K
$756.2K – $1.01M
NOI $60,494 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Charleston Manor, LLC — 1610 w charleston ave, phoenix, az 85023
- Charleston Assisted Living LLC — 1532 W Charleston Ave, Phoenix, AZ 85023
- Best Care Home of Moon Valley — 18006 N 6th Dr, Phoenix, AZ 85023
- Caring Hand Assisted Living — 1601 W Villa Maria Dr, Phoenix, AZ 85023
- Oasis Independent Living — 1601 W Villa Maria Dr, Phoenix, AZ 85023
Frequently Asked Questions
What type of property is this?
Assisted living facility - Assisted living home licensed for 10 residents and fully furnished, with fenced pool and spa.
Where is this assisted living facility located?
The property is located at 607 W VILLA RITA Drive Phoenix, AZ.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: Assisted living home with active license in hand (no residents yet), Behavioral Health qualified, licensed for 10 residents; Business and real estate included; fully furnished; Upgrades include granite tops, travertine and laminate flooring
