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    Surprise Az. 85387 Surprise, AZ 85387

    • Specialty properties
    • 3,184 SF
    For Sale
    View listing
    $1,299,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 0 Surprise Az. 85387

    Year built
    2021
    Property size
    3,184 SF
    Property type
    Specialty properties
    Property subtype
    Retirement homes

    Description

    This exceptional, fully operational assisted living home in Surprise, Arizona, presents a unique investment opportunity. Built in 2021 and meticulously remodeled, this single-story, 3,184 square foot facility is licensed for ten residents. The property sits on an 8,840 square foot lot and boasts a modern, bright open floor plan with upgraded tile throughout. All bathrooms feature remodeled roll-in showers, enhancing accessibility and comfort. The kitchen is equipped with new appliances, including a gas cooktop, ideal for preparing meals. Stunning stone accents add to the aesthetic appeal of the property. The low-maintenance landscaped backyard provides a tranquil setting for residents and staff. This turnkey operation offers a rare chance to acquire a state-of-the-art assisted living facility in a desirable location, designed for both comfort and efficient care. The property is located in Sun City, Maricopa County, Arizona, zip code 85387, and is classified as a Class B multifamily, senior living, special purpose property. The asking price is $1,299,000, representing a price per square foot of $407.98.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Surprise
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.405
    Latitude
    33.743

    Comparable in this City

    • Value Estimation
      $610,000
      2,860 SF

      16786 Electra Ln, Unit 3

      HOMES (RETIRED, NURSING) • 2,860 SF
      16786 Electra Ln, Surprise, AZ 85387-2027
      View Details
    • Value Estimation by Request
      2,445 SF

      17343 Bajada Rd

      HOMES (RETIRED, NURSING) • 2,445 SF
      17343 Bajada Rd, Surprise, AZ 85387-1002
      View Details
    • Value Estimation
      $680,000
      3,753 SF

      17030 Sand Hls Rd, Unit 4

      HOMES (RETIRED, NURSING) • 3,753 SF
      17030 Sand Hls Rd, Surprise, AZ 85387-2009
      View Details
    • Value Estimation by Request
      2,483 SF

      25786 Desert Mesa Dr

      HOMES (RETIRED, NURSING) • 2,483 SF
      25786 Desert Mesa Dr, Surprise, AZ 85387-6827
      View Details
    • Value Estimation
      $695,000
      2,206 SF

      23741 167th Ln, Unit 2

      HOMES (RETIRED, NURSING) • 2,206 SF
      23741 167th Ln, Surprise, AZ 85387-1472
      View Details
    • Value Estimation
      $27,580,000
      8,636 SF

      16630 Pat Tillman Blvd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 8,636 SF
      16630 Pat Tillman Blvd, Surprise, AZ 85387-1795
      View Details

    Similar Nearby for Sale

    • $1,299,000
      3,184 SF

      Surprise Assisted Living Home

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      View Details
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      Move-In Ready 55+ Community Home

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      Arizona Ranch Land Investment Opportunity

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      Surprise 18-Acre Commercial Land

      Prime West Valley acreage, PAD zoning.
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      Land with Mountain Views

      3.25 acres with studio cabin and RV hookups.
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      7.5 Acres, Prime Development Opportunity
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      View Details
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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