Property profile

16786 Electra Ln 3 Surprise, AZ 85387

OFF-MARKET
Assisted living facilities
Property ID
US07-2197543
2,860 SF 0.2 ac lot Built 2017
Entity Owned 8-yr Hold
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 2017
Construction FRAME
Total area 2,860 SF
Lot 0.2 ac (8,910 SF)
Zoning code PAD
APN 503-74-491
UPID US07-2197543

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 Retirement Community

Location

16786 Electra Ln, Unit 3 Surprise, AZ 85387-2027
Surprise metro Census 40538 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
$619k
Blend (final) Blend
$340k

Owner & transaction history

since 2017
3 recorded transactions
2017
Price N/A
2017
$357,990
2007
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
Medical building $750,000 +39.9%
Neighborhood: shopping center $745,000 +38.7%
Warehouse, storage $585,000 +9.2%

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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