Property profile

16623 Pt Pkwy Surprise, AZ 85374

OFF-MARKET
Assisted living facilities
Property ID
US07-2274589
57,020 SF 2.88 ac lot Built 2003
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 2003
Construction STEEL FRAME
Total area 57,020 SF
Lot 2.88 ac (125,308 SF)
Zoning code PAD
APN 501-18-532
UPID US07-2274589

Cap rate & NOI

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

Location

16623 Pt Pkwy Surprise, AZ 85374-6011
Surprise metro Census 61029 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
$12.58M
Blend (final) Blend
$665k

Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
1969
Price N/A

Zoning & alternative use

PAD · Surprise, AZ
Zoning description

(PAD) zoning district prior to the adoption of this ordinance . The PAD zoning designation now serves only to preserve the governing entitlement documents adopted by city council for each PAD at the time of the adoption…

General category PLANNED_DEVELOPMENT
Top alternative use upside
Neighborhood: shopping center $14.8M +38.7%
Industrial (general) $13.1M +22.5%

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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