Assisted Living Home with Fire
625 E Paradise Ln, Phoenix, AZ 85022
For Sale
New
Contact for pricing
R4 zoning supports a group-home configuration for up to 10 residents.
Property Size3,408 SF
Price / SF$1.76
Days on Market7
Property Features for 625 E Paradise Ln
General Information
Standard status
Size
Total Parking Spaces
Zoning
Site & Location
Neighborhood
Additional Details
Sprinkler System
Building Details
Year Built
Buildings
Listing Agency:
AXIS Real Estate
Listed By:
Jon David Benton · License AZ SA578109000
(602) 478-6117
Source:
Niki.eastvalleyazhomesforsale
Added: Nov 7
Changed: Nov 12
Last Checked: Nov 12 at 2:31PM
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 AXIS Real Estate
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Investment Insights
Based on property information with market context.
Configured for group-home use, the 3,408-square-foot residence has 7 bedrooms, 2.5 bathrooms and two spacious living areas. A two-car garage, on-site parking for up to 8 vehicles, a fire panel and fire-suppression systems are also in place. The property was previously used as an assisted living residence and held DHS and DDD licenses during that use.
Key Highlights
- R4 zoning allows for up to 10 residents
- 3,408 square feet with 7 bedrooms and 2.5 bathrooms
- Two large living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,749
Suggested Prices Based on Cap Rates
Cap Rate 5%
$794,980
$795.0K
Cap Rate 7%
$567,843
$567.8K
Cap Rate 9%
$441,656
$441.7K
Market Conditions
NOI Build-Up for 3,408 SF
Gross rent
$76.9K $22.56/SF
− Vacancy
−$4.6K −$1.35/SF
EGI
$72.3K $21.21/SF
− OpEx
−$32.5K −$9.54/SF
NOI
$39.7K $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%
$794,980
Cap Rate 7%
$567,843
Cap Rate 9%
$441,656
Alternative Uses
Best Use
Apartment 5plus
$567.8K
$496.9K – $662.5K
NOI $39,749 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$903.3K – $1.20M
NOI $72,262 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
583
Businesses Nearby
Balanced
Demand for This Use
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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
$385,900
Median Home Value
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Market
Average Price Trend$/SF for Assisted living facilities in Phoenix, AZ
Properties on Market for Assisted living facilities in Phoenix
Similar Off Market Nearby
- Theresa Loving Care Home — 15402 N Central Ave, Phoenix, AZ 85022
- Best Care Home of Moon Valley — 15826 N 10th St, Phoenix, AZ 85022
- Claire's Home Senior Living — 15835 N 6th Pl #3060, Phoenix, AZ 85022
- Ma. Carmona Villamayor — 15835 N 6th Pl, Phoenix, AZ 850223060
- Life's Blessing Assisted Living Home — 16009 N 6th Pl, Phoenix, AZ 85022
Frequently Asked Questions
What type of property is this?
Assisted living facility - R4 zoning supports a group-home configuration for up to 10 residents.
Where is this assisted living facility located?
The property is located at 625 E Paradise Ln Phoenix, AZ.
What are key features of this property?
This property features: R4 zoning allows for up to 10 residents; 3,408 square feet with 7 bedrooms and 2.5 bathrooms; Two large living areas
