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    Peoria Assisted Living Facility Title is generated by Realmo AI

    N 83 Avenue, Peoria, AZ 85383

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    For Sale
    $899,900

    COMMERCIAL - Peoria, AZ

    Property size:
    4,144 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $217/SF
    Added:
    Apr 1, 2026
    Days on Market:
    92
    Last Refresh:
    Jul 1 at 1:06 pm

    Property Features for N 83 Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    000-00-000
    Size
    4,144 SF
    Lot size
    0.18 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Ceiling Fan(s), Central Air, Electric

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    Contact an agent
    Octavian Curpas

    Listing agent Octavian Curpas License #SA565521000

    Listing office Delex Realty 20359 N 59th Ave Ste 103, Glendale, AZ

    Listing date Apr 1, 2026

    MLS# 7007206

    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.

    HighLights

    • Licensed assisted living business operating at 100% occupancy with 5 active residents
    • Licensed for 5 residents
    • Home features 8 bedrooms and 4 full bathrooms
    • Central heating and central air conditioning with electric cooling and ceiling fans
    • Public sewer connection
    • Located in the Westwing subdivision (North Poeria) with signage possibilities

    Overview

    This commercial property in Peoria, Arizona, presents an opportunity to serve the senior population. The property, located in the Westwing subdivision of North Peoria, is a licensed assisted living business operating at 100% occupancy with 5 active residents. The property includes a 4,144 square-foot home featuring 8 bedrooms and 4 full bathrooms. The lot size is 0.1848 acres. Signage opportunities are available.

    Local 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 $91.0k $21.96
    − Vacancy −$6.6k −$1.58
    EGI $84.5k $20.38
    − OpEx −$38.0k −$9.17
    NOI $46.4k $11.21
    4,144 SF · lease $21.96/SF/yr · vacancy 7.20% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $663.5K
    $580.6K – $774.1K (±1% cap)
    NOI $46,448 @ 7.0% cap · market cap 5.16%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.02M
    $892.7K – $1.19M (±1% cap)
    NOI $71,419 @ 7.0% cap · market cap 7.94%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Assisted living facilities

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Grace Living Care LLC — 8340 N 86th Ln, Peoria, AZ 85345
    • FLS Pathways-Alice House — 8744 W Alice Ave, Peoria, AZ 85345

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.23801
    Latitude
    33.799867

    FAQs

    What type of property is this?
    Assisted living facility - Licensed assisted living business in Peoria, Arizona. Occupancy 100%.
    Where is this assisted living facility located?
    The property is located at N 83 Avenue Peoria, AZ.
    What is the asking price?
    The asking price for this property is $899,900.
    What are key features of this property?
    This property features: Licensed assisted living business operating at 100% occupancy with 5 active residents; Licensed for 5 residents; Home features 8 bedrooms and 4 full bathrooms
    More about this property
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