Property profile

1009 Fairmount Ave Phoenix, AZ 85014

OFF-MARKET
Assisted living facilities
Property ID
US07-0835256
4,658 SF 0.17 ac lot Built 1992
Individually Owned 5-yr Hold Free & Clear
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1992
Construction CONCRETE
Total area 4,658 SF
Lot 0.17 ac (7,460 SF)
Zoning code R-3
APN 118-06-025
UPID US07-0835256

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1009 Fairmount Ave Phoenix, AZ 85014
Phoenix metro Census 110600 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$80k

Owner & transaction history

since 2020
Last sale
$61,500
4 recorded transactions
2020
$850,000
2016
Price N/A
1991
$61,500
1969
Price N/A

Zoning & alternative use

R-3 · Phoenix, AZ
Zoning description

The purpose of R-3 is to provide for alternate living styles including rental, condominiums and single ownership of land with multiple units thereon or single or attached townhomes

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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