Property profile

2029 Caleb Rd Phoenix, AZ 85085

OFF-MARKET
Assisted living facilities
Property ID
US07-3179478
3,210 SF 0.18 ac lot Built 2006
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 2006
Construction FRAME
Total area 3,210 SF
Lot 0.18 ac (8,050 SF)
Zoning code R1-8
APN 204-24-557
UPID US07-3179478

Cap rate & NOI

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

Location

2029 Caleb Rd Phoenix, AZ 85085-2704
Phoenix metro Census 612200 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
$700k
Blend (final) Blend
$490k

Owner & transaction history

since 2024
7 recorded transactions
2024
Price N/A
2024
Price N/A
2022
Price N/A
2022
Price N/A
2019
Price N/A
2018
Price N/A
2018
Price N/A

Zoning & alternative use

R1-8 · Phoenix, AZ
Zoning description

The purpose of R1-8 is to foster the creation of living areas which can assist the establishment of stable, functional neighborhoods and an established pattern of living in this metropolitan area reflects a tradition of…

General category RESIDENTIAL
Top alternative use upside
Retail stores $955,000 +31.5%
Medical building $850,000 +17.2%
Warehouse, storage $835,000 +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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