Property profile

2302 Lincoln Dr Phoenix, AZ 85016

OFF-MARKET
Assisted living facilities
Property ID
US07-2732991
2,165 SF 0.27 ac lot Built 1965
Individually Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1965
Construction CONCRETE BLOCKS
Total area 2,165 SF
Lot 0.27 ac (11,700 SF)
Zoning code R1-10
APN 164-43-011
UPID US07-2732991

Cap rate & NOI

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

Location

2302 Lincoln Dr Phoenix, AZ 85016-1214
Phoenix metro Census 105102 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
$708k
Blend (final) Blend
$485k

Owner & transaction history

since 2022
7 recorded transactions
2022
Price N/A
2020
$450,000
2020
Price N/A
2016
Price N/A
2013
$350,000
2012
$235,000
2010
$270,000

Zoning & alternative use

R1-10 · Phoenix, AZ
Zoning description

The purpose of R1-10 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
Auto repair, garage $915,000 +86.5%
Retail stores $600,000 +22.3%
Medical building $575,000 +17.2%

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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