Assisted Living Facility with
For Sale
$739,999
607 W VILLA RITA Drive, Phoenix, AZ 85023
Business Opportunity, Phoenix, AZ
Property Size2,853 SF
Lot Size0.16 Acres
Price / SF$259.38
Days on Market158
Property Features for 607 W VILLA RITA Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Exterior features
Rain Gutters
Subdivision
ARROYO CROSSING
Lot features
Landscaping, Corner Lot
Standard status
Active
APN
208-02-487
Size
2,853 SF
Lot size
0.16 Acres
Additional Details
Business Included
Yes
Taxes and HOA fees
Tax Description
LOT 161 ARROYO CROSSING MCR 039940
Legal Description
LOT 161 ARROYO CROSSING MCR 039940
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Central Air, Varies by Unit, Electric, Ceiling Fan(s)
Listing Agency:
Real Broker
(602) 755-3415
Listed By:
Adrian Cirjan
(602) 810-2106
Added: May 24
Changed: Oct 27
Last Checked: Oct 28 at 9:06PM
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.
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Investment Insights
Based on property information with market context.
This 2,853-square-foot assisted living property includes the operating business and furnishings. It is licensed for 10 residents and qualified for behavioral health services, though it currently has no residents. Interior finishes include granite countertops, travertine, and laminate flooring. A fenced pool and spa are on site.
The 0.164-acre property is in Phoenix. A permitted garage conversion adds two bedrooms and a half bath, separate from the home's stated bedroom count; the space may be returned to garage use. The conversion was approved by the city and complies with Health Department code requirements.
The 0.164-acre property is in Phoenix. A permitted garage conversion adds two bedrooms and a half bath, separate from the home's stated bedroom count; the space may be returned to garage use. The conversion was approved by the city and complies with Health Department code requirements.
Key Highlights
- Licensed for 10 residents and qualified for behavioral health services
- Operating business and real estate are included; no residents currently occupy the facility
- 2,853 square feet on 0.164 acres in Phoenix
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,276
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$665,520
$665.5K
Cap Rate 7%
$475,371
$475.4K
Cap Rate 9%
$369,733
$369.7K
Market Conditions
NOI Build-Up for 2,853 SF
Gross rent
$64.4K $22.56/SF
− Vacancy
−$3.9K −$1.35/SF
EGI
$60.5K $21.21/SF
− OpEx
−$27.2K −$9.54/SF
NOI
$33.3K $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 Rate 5%
$665,520
Cap Rate 7%
$475,371
Cap Rate 9%
$369,733
Alternative Uses
Best Use
Apartment 5plus
$475.4K
$416.0K – $554.6K
NOI $33,276 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$864.2K
$756.2K – $1.01M
NOI $60,494 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
268
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85023, AZ
35,241
Population
14,765
Households
2.4
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
7.4 sq mi
ZIP Area
4,762
Density / Sq Mi
$72,442
Median Household Income
$43,936
Median Earnings
$1,429
Median Rent
$359,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - The operating business and furnishings are included, with licensed capacity for 10 residents.
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 $739,999.
What are key features of this property?
This property features: Licensed for 10 residents and qualified for behavioral health services; Operating business and real estate are included; no residents currently occupy the facility; 2,853 square feet on 0.164 acres in Phoenix
