Property profile

16640 38th St Phoenix, AZ 85032

OFF-MARKET
Assisted living facilities
Property ID
US07-3434031
64,285 SF 4.34 ac lot Built 1985
Entity Owned 21-yr Hold Free & Clear
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1985
Construction CONCRETE
Total area 64,285 SF
Lot 4.34 ac (189,268 SF)
Zoning code R-4A
APN 214-33-022J
UPID US07-3434031

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
  • Nursing Home
  • Crisis Center Medical Clinic

Location

16640 38th St Phoenix, AZ 85032-2103
Phoenix metro Census 103303 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
$10.58M
Blend (final) Blend
$6.20M

Owner & transaction history

since 2005
2 recorded transactions
2005
$6.3M
1969
Price N/A

Zoning & alternative use

R-4A · Phoenix, AZ
Zoning description

The R-4A Multi-Family Residence General District is a district of a limited number of family residences and other compatible uses designed to maintain, protect and preserve a character of development on lots with a minim…

General category RESIDENTIAL
Top alternative use upside
Medical building $17.1M +17.2%
Warehouse, storage $16.7M +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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