Property profile

10950 87th Ave Peoria, AZ 85345

OFF-MARKET
Assisted living facilities
Property ID
US07-1070645
4,952 SF 4.15 ac lot Built 1981
Entity Owned 13-yr Hold Free & Clear
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1981
Construction STEEL FRAME
Total area 4,952 SF
Lot 4.15 ac (180,774 SF)
Zoning code RM-1
APN 142-45-004S
UPID US07-1070645

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Housing Authority
  • Housing Authority

Location

10950 87th Ave Peoria, AZ 85345-8665
Peoria metro Census 71912 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.14M
Blend (final) Blend
$535k

Owner & transaction history

since 2013
2 recorded transactions
2017
Price N/A
2013
Price N/A

Zoning & alternative use

RM-1 · Peoria, AZ
Zoning description

RM-1, RMH-1, RMH-2, or residentially designated property within a P.A.D., P.U.D. or P.C. zoning district. g. An Adult Use shall not be located within one thousand (1,000) feet of any other Adult Use, measured from exteri…

General category RESIDENTIAL
Top alternative use upside
Neighborhood: shopping center $1.9M +125.5%
Medical building $1.2M +43.1%
Warehouse, storage $1.0M +21.0%

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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