Property profile

1227 Alta Vis Rd Phoenix, AZ 85042

OFF-MARKET
Assisted living facilities
Property ID
US07-2718478
3,385 SF 1.13 ac lot Built 1970
Trust Owned 9-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1970
Construction CONCRETE
Total area 3,385 SF
Lot 1.13 ac (49,234 SF)
Zoning code R-3
APN 114-23-007A
UPID US07-2718478

Cap rate & NOI

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

Location

1227 Alta Vis Rd Phoenix, AZ 85042-4435
Phoenix metro Census 116400 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
$664k
Blend (final) Blend
$145k

Owner & transaction history

since 2016
7 recorded transactions
2016
Price N/A
2014
$140,000
2011
Price N/A
2006
Price N/A
2003
Price N/A
1994
Price N/A
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
Top alternative use upside
Office building $1.0M +32.5%
Retail stores $1.0M +31.5%
Medical building $900,000 +17.2%

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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