Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16300 Keith Mcmahan Dr Fountain Hills, AZ 85268-0101

    • Assisted living facilities
    • 37,950 SF
    OFF-MARKET
    Last Sale
    Sep 30, 2022
    $8,000,000
    Value Estimations
    $7,980,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0618778
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Assisted living facilities

    Property Details for 16300 Keith Mcmahan Dr

    Year built
    2001
    Property size
    37,950 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    176-27-616
    APU
    17627616

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,935,000

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $11,915,000
      Current use
      MEDICAL BUILDING
      $13,260,000
      Change: +11% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fountain Hills
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.741113
    Latitude
    33.60535
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $24,356
    $0.00
    $0.00
    $865,465
    -
    $1,613,900
    $7,040,754
    $8,654,654

    Comparable in this City

    • Value Estimation
      $1,005,000
      2,577 SF

      14654 Del Cambre Ave

      HOMES (RETIRED, NURSING) • 2,577 SF
      14654 Del Cambre Ave, Fountain Hills, AZ 85268-2402
      View Details
    • Value Estimation
      $26,555,000
      81,549 SF

      16800 Paul Nordin Pkwy

      HOMES (RETIRED, NURSING) • 81,549 SF
      16800 Paul Nordin Pkwy, Fountain Hills, AZ 85268-0002
      View Details
    • Value Estimation
      $1,020,000
      2,614 SF

      14030 El Pueblo Blvd

      HOMES (RETIRED, NURSING) • 2,614 SF
      14030 El Pueblo Blvd, Fountain Hills, AZ 85268-3221
      View Details
    • Value Estimation
      $930,000
      2,708 SF

      16431 Jacklin Dr

      HOMES (RETIRED, NURSING) • 2,708 SF
      16431 Jacklin Dr, Fountain Hills, AZ 85268-5656
      View Details
    • Value Estimation
      $1,475,000
      4,259 SF

      16602 Palisades Blvd

      HOMES (RETIRED, NURSING) • 4,259 SF
      16602 Palisades Blvd, Fountain Hills, AZ 85268-3705
      View Details
    • Value Estimation by Request
      21,150 SF

      13620 Saguaro Blvd

      MEDICAL BUILDING • 21,150 SF
      13620 Saguaro Blvd, Fountain Hills, AZ 85268-8551
      View Details

    Similar Nearby for Sale

    • $1,350,000
      4,028 SF

      Medical-Ready Building on Saguaro Blvd

      Versatile medical building with plumbing and open floor plan.
      11407 N Saguaro Blvd, Fountain Hills, AZ 85268
      View Details
    • $575,000
      1.90 Acres

      Fountain Hills Land with Views

      1.9-acre residential lot with panoramic views in Fountain Hills.
      11426 N Crestview Dr, Fountain Hills, AZ 85268
      View Details
    • $357,000
      2.77 Acres

      Fountain Hills Land with Mountain Views

      2.77 acre lot with views in gated community.
      15529 N Javelina Trl, Fountain Hills, AZ 85268
      View Details
    • $179,999
      1.45 Acres

      Fountain Hills Land with Views

      1.45 acre custom home site with scenic views.
      15606 E Greystone Dr, Fountain Hills, AZ 85268
      View Details
    • New
      $386,000
      0.81 Acres

      Fountain Hills Land with Views

      Residential land with mountain, golf course, and city light views.
      15526 E Desert Hawk Trl, Fountain Hills, AZ 85268
      View Details
    • New
      $486,000
      0.87 Acres

      Land in FireRock Country Club

      Premier lot with mountain views in Fountain Hills, Arizona.
      9503 N Desert Wash Trl, Fountain Hills, AZ 85268
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      49,054 SF

      Fountain Hills Medical Office Campus

      Prime Medical Office Space Available in AZ
      16838 Palisades Blvd, Fountain Hills, AZ 85268
      View Details
    • $14 SF/Yr
      20,194 SF

      Fountain Hills Medical Office Space

      Prime Medical Office, Fountain Hills, AZ
      13620 Saguaro Blvd, Fountain Hills, AZ 85268
      View Details
    • $8 SF/Yr
      7,193 SF

      Fountain Hills Office Space for Lease

      Flexible Offices in Prime Location
      16930 Palisades Blvd, Fountain Hills, AZ 85268
      View Details
    • $1.45 SF/Yr
      3,200 SF

      Fountain Hills Warehouse Space Available

      Warehouse space for lease in Fountain Hills, Arizona.
      16610 E Laser Dr, Fountain Hills, AZ 85268
      View Details
    • Contact for pricing
      4,981 SF

      Fountain Hills Freestanding Retail Building

      High-visibility retail building in desirable Fountain Hills location.
      17053 E Shea Blvd, Scottsdale, AZ 85268
      View Details
    • Contact for pricing
      11,213 SF

      Retail Strip Center on Saguaro

      Retail strip center located on Saguaro Boulevard in Fountain Hills.
      11803 N Saguaro Blvd, Fountain Hills, AZ 85268
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16300 Keith Mcmahan Dr
    Fountain Hills, AZ 85268-0101
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.