Property profile

12215 Bell Rd Surprise, AZ 85378

OFF-MARKET
Assisted living facilities
Property ID
US07-1400754
22,189 SF 1.45 ac lot Built 1990
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1990
Construction STEEL FRAME
Total area 22,189 SF
Lot 1.45 ac (63,118 SF)
Zoning code PAD
APN 501-24-013
UPID US07-1400754

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
  • Nursing Home
  • Child Welfare Organization Foster Care Service

Location

12215 Bell Rd Surprise, AZ 85378-9615
Surprise metro Census 60801 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
$5.27M
Blend (final) Blend
$5.29M

Owner & transaction history

since 2021
Last sale
$5.3M
6 recorded transactions
2023
Price N/A
2021
$5.3M
1992
$6.4M
1992
$1.7M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

PAD · Surprise, AZ
Zoning description

(PAD) zoning district prior to the adoption of this ordinance . The PAD zoning designation now serves only to preserve the governing entitlement documents adopted by city council for each PAD at the time of the adoption…

General category PLANNED_DEVELOPMENT
Top alternative use upside
Medical building $5.8M +39.9%
Neighborhood: shopping center $5.8M +38.7%
Industrial (general) $5.1M +22.5%

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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