Property profile

1340 Desert Cv Ave Phoenix, AZ 85020

OFF-MARKET
Assisted living facilities
Property ID
US07-2970775
2,855 SF 1.04 ac lot Built 1976
Entity Owned 2-yr Hold
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1976
Construction CONCRETE BLOCKS
Total area 2,855 SF
Lot 1.04 ac (45,346 SF)
Zoning code R1-8
APN 159-24-052R
UPID US07-2970775

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
  • Medical Clinic

Location

1340 Desert Cv Ave Phoenix, AZ 85020-1110
Phoenix metro Census 103702 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
$560k
Blend (final) Blend
$555k

Owner & transaction history

since 2024
7 recorded transactions
2024
Price N/A
2022
Price N/A
2021
$470,000
2018
Price N/A
2017
$325,000
2007
$465,000
2007
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
Top alternative use upside
Retail stores $850,000 +31.5%
Medical building $760,000 +17.2%
Warehouse, storage $740,000 +14.6%

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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