New search
Property profile & analytics
OFF-MARKET
Assisted living facilities
1618 Wood St, Phoenix, AZ 85040-1360
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-2638509
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1982
Construction
CONCRETE
Total area
2,490 SF
Lot
0.34 ac (14,764 SF)
Zoning code
R-5
APN
122-39-011B
UPID
US07-2638509
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
-
Dr. Grant M. Lachlan, DDS Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pacific Heights Investments LLC · 1 yrs held
Pacific Heights Investments LLC
since 2024
Last sale
$500,000
7 recorded transactions
Zoning & alternative use
R-5 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,851
Tax year 2023
Assessed value
$32,120
Assessed 2024
Previous assessed
$32,120
+0.0% YoY
Effective rate
8.88%
On assessed value
Land market value
$116,100
Improvement market value
$205,099
Total market value
$321,199
Applied tax rate
661,300.0000
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
NONE
Cooling
EVAPORATIVE
Stories
1
Total area
2,490 SF
Lot
0.34 ac (14,764 SF)
Zoning code
R-5
APN
122-39-011B
UPID
US07-2638509
Jurisdiction
MARICOPA
Zoning & alternative use
R-5 · Phoenix, AZ
Zoning R-5 · permitted uses
R-5 · 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.
Building & site characteristics
From public records
Year built
1982
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Pacific Heights Investments LLC
Entity
Mailing address
6632 E CHEERY LYNN RD APT #14, SCOTTSDALE, AZ 85251-6740
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2024
$500,000
Pacific Heights Investments LLC
Dignity Investments LLC
Warranty Deed
$880,040 · Churchill Funding I LLC
Nov 17, 2021
$230,000
Dignity Investments LLC
Milton Ross
Warranty Deed
$345,500 · Sentinel Security Life Insurance Co
Dec 31, 2018
$395,000
A-making Changes LLC
Ross Family Trust
Warranty Deed
$370,000 · Ross Family Trust (rt)
Oct 18, 2018
$727,872
Ross Family Trust
Total Lender Solutions|pearson,erick & Shawn
Trustees Deed
related
—
Sep 22, 2014
$365,999
Erick Pearson
Ross,family Trust
Grant Deed
$345,999 · Ross Family Trust (pt)
Dec 16, 2010
$341,939
Ross Family Trust
Medigovich,mitchel S SR
Trustees Deed
related
—
Jul 14, 2008
$120,000
Milton Ross
Jackson,jack W & Leola
Warranty Deed
$109,000 · Jack W & Leola Jackson
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1618 Wood St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
