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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Assisted living facilities
19918 65th Ave, Glendale, AZ 85308-7088
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-3212743
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1997
Construction
FRAME
Total area
2,099 SF
Lot
0.13 ac (5,800 SF)
Zoning code
R1-7
APN
200-28-256
UPID
US07-3212743
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
-
Edelweiss Assisted Living Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$592k
Blend (final)
Blend
$605k
Owner & transaction history
Nihal Naik · 4 yrs held
Nihal Naik
since 2022
Last sale
$494,000
7 recorded transactions
Zoning & alternative use
R1-7 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$920,000
+66.7%
Commercial (general)
$645,000
+16.6%
Neighborhood: shopping center
$605,000
+9.9%
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 Glendale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glendale 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
Method
Estimation
Statistic approach
$620,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$550,000
Current use
AUTO REPAIR, GARAGE
$920,000
Change: +67% · Conversion: Difficult
COMMERCIAL (GENERAL)
$645,000
Change: +17% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$605,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$560,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±10% · vs last sale $494k (Feb 28 2022)
Last sale anchor
$494k
Feb 28 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$288 / SF
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
$2,268
Tax year 2023
Assessed value
$43,330
Assessed 2024
Previous assessed
$37,250
+16.3% YoY
Effective rate
5.23%
On assessed value
Land market value
$86,600
Improvement market value
$346,700
Total market value
$433,300
Applied tax rate
970,706.0000
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
1997
Construction
FRAME
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Rooms
8
Bathrooms
2
Total area
2,099 SF
Lot
0.13 ac (5,800 SF)
Zoning code
R1-7
APN
200-28-256
UPID
US07-3212743
Jurisdiction
MARICOPA
Zoning & alternative use
R1-7 · Glendale, AZ
Zoning R1-7 · permitted uses
R1-7 · Glendale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glendale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$550,000
AUTO REPAIR, GARAGE
Est. value
$920,000
COMMERCIAL (GENERAL)
Est. value
$645,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$605,000
RETAIL STORES
Est. value
$560,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Nihal Naik
Individual
Mailing address
4350 E SAINT JOHN RD, PHOENIX, AZ 85032-2286
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2022
$494,000
Nihal Naik
Maria Mihalcea
Warranty Deed
$469,300 · The Federal Savings Bank
Feb 28, 2022
—
Nihal Naik
Ligia Leea Ilea
Intrafamily Transfer
related
—
May 12, 2006
$396,000
Maria Mihalcea
Gorsline,karli
Warranty Deed
$316,800 · Universal Savings Bank
Jun 15, 2005
$335,000
Karli Gorsline
Tripon,daniel
Warranty Deed
$268,000 · Wmc Mortgage Corp
Sep 30, 2004
$260,000
Daniel Tripon
Leahu,daniel & Iudita
Warranty Deed
$208,000 · First Magnus Financial Corp
May 14, 2001
—
Iudita Leahu
Leahu,daniel
Quit Claim Deed
related
$137,900 · Loancity Com
Oct 14, 1997
$128,165
Leahu,daniel & Iudita
Continental Homes INC
Trustees Deed
$90,000 · New America Financial INC
Oct 14, 1997
—
Continental Homes INC
Chi Construction Co
Trustees Deed
related
—
Oct 3, 1996
$378,343
Chi Construction Co
Acacia Credit Fund 3 L P
Grant Deed
—
—
—
Daniel Leahu
—
Deed Of Trust
related
$20,915 · Commercial Credit Corp
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.
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