Property profile

1338 Tonto Ln Phoenix, AZ 85024

OFF-MARKET
Assisted living facilities
Property ID
US07-3337049
1,613 SF 0.17 ac lot Built 1983
Individually Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1983
Construction FRAME
Total area 1,613 SF
Lot 0.17 ac (7,325 SF)
Zoning code R1-8
APN 213-23-061
UPID US07-3337049

Cap rate & NOI

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

Location

1338 Tonto Ln Phoenix, AZ 85024-1772
Phoenix metro Census 616800 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
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Comparable Approach Comparable
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Blend (final) Blend
$470k

Owner & transaction history

since 2022
Last sale
$455,000
7 recorded transactions
2022
$455,000
2022
$315,000
2022
$301,000
2006
Price N/A
2006
Price N/A
1997
$103,500
1969
Price N/A

Zoning & alternative use

R1-8 · Phoenix, AZ
Zoning description

The purpose of R1-8 is to foster the creation of living areas which can assist the establishment of stable, functional neighborhoods and an established pattern of living in this metropolitan area reflects a tradition of…

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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