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Property profile & analytics
OFF-MARKET
Estimated value
$4,385,000
Assisted living facilities
1346 Mcdowell Rd Phoenix, AZ 85006-2616
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-1195506
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1982
Construction
CONCRETE
Total area
31,091 SF
Lot
0.28 ac (12,177 SF)
Zoning code
C-2
APN
117-24-073
UPID
US07-1195506
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
National Heavy Haul Trucking Company
-
Great Air Conditioning Heating Hardware & Home Improvement General Contractor
-
Phoenix Medical Psychiatric Hospital Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.43M
Blend (final)
Blend
$4.39M
Owner & transaction history
Cbh 1 Phoenix Holdco LLC · 6 yrs held
Cbh 1 Phoenix Holdco LLC
since 2020
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Phoenix submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phoenix submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$7,045,000
Current use
Blend value · Realmo final
$4.39M
Range $3.95M – $4.82M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$141 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$30,953
Tax year 2023
Assessed value
$410,950
Assessed 2024
Previous assessed
$340,890
+20.6% YoY
Effective rate
7.53%
On assessed value
Land market value
$230,100
Improvement market value
$3,879,400
Total market value
$4,109,500
Applied tax rate
11,300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1982
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Units
36
Total area
31,091 SF
Lot
0.28 ac (12,177 SF)
Zoning code
C-2
APN
117-24-073
UPID
US07-1195506
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZ
Zoning C-2 · permitted uses
C-2 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phoenix. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$7.0M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
36
Lot
0.28 ac
Current owner
From public records · entity-resolved
Cbh 1 Phoenix Holdco LLC
Entity
Mailing address
8901 E MTN VW RD STE #150, SCOTTSDALE, AZ 85258-4623
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2020
—
Cbh 1 Phoenix Holdco LLC
Cbh 1 Phoenix Holdco LLC
Quit Claim Deed
related
—
Aug 6, 2019
$12,000,000
Cbh 1 Phoenix Holdco LLC
Shepherd Opportunity Fund
Grant Deed
$13,000,000 · Arizona Bank & Trust
Mar 5, 2019
$4,912,795
Shepherd Opportunity Fund Mcdowell
1328 E Mcdowell Road LLC
Special Warranty Deed
$4,662,795 · Atlantic Capital Finance Company Ll
May 24, 2017
—
1328 E Mcdowell Road LLC
City Of Phoenix
Special Warranty Deed
$1,409,000 · Atlantic Capital Finance Company Ll
Mar 9, 2007
—
City Of Phoenix
Owner Name Unavailable
Grant Deed
related
—
Apr 19, 2005
$1,100,000
Steven Zipp
Sierra Land Group INC
Warranty Deed
$645,000 · Sierra Land Group INC
—
—
1328 E Mcdowell Road LLC
—
Deed Of Trust
related
$1,409,000 · Bayside Ventures LLC
—
—
Stephen Zipp
—
Deed Of Trust
related
$916,000 · Bank Of The West
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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