Property profile

2121 Elgin St Chandler, AZ 85224

OFF-MARKET
Assisted living facilities
Property ID
US07-1197972
44,302 SF 4.54 ac lot Built 1985
Entity Owned 21-yr Hold
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1985
Construction STEEL FRAME
Total area 44,302 SF
Lot 4.54 ac (197,980 SF)
Zoning code PAD
APN 303-24-017L
UPID US07-1197972

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
  • Physician

Location

2121 Elgin St Chandler, AZ 85224-5608
Chandler metro Census 811200 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.81M
Blend (final) Blend
$4.78M

Owner & transaction history

since 2005
6 recorded transactions
2021
Price N/A
2005
$4.8M
2003
$2.4M
1993
$4.1M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

PAD · Chandler, AZ
Zoning description

rezoning classification to be sought by, or to be applicable to, private interests for off-airport parcels or uses. Off-airport uses shall be considered under other zoning designations, such as Planned Area Development (…

General category RESIDENTIAL
Top alternative use upside
Medical building $10.5M +0.5%

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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