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Property profile & analytics
OFF-MARKET
Estimated value
$2,355,000
Assisted living facilities
24215 55th Ave, Glendale, AZ 85310-3740
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-3489239
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2006
Construction
FRAME
Total area
7,456 SF
Lot
1 ac (43,725 SF)
Zoning code
S-1
APN
201-11-218B
UPID
US07-3489239
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.34M
Blend (final)
Blend
$2.36M
Owner & transaction history
Narcis M Chira · 5 yrs held
Narcis M Chira
since 2021
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
S-1 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.3M
+66.7%
Office building
$2.4M
+21.8%
Commercial (general)
$2.3M
+16.6%
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
$2,335,000
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)
$1,960,000
Current use
AUTO REPAIR, GARAGE
$3,265,000
Change: +67% · Conversion: Difficult
OFFICE BUILDING
$2,385,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,285,000
Change: +17% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,155,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$1,980,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$1,710,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$2.36M
Range $2.12M – $2.59M · ±10% · vs last sale $1.90M (Feb 23 2021)
Last sale anchor
$1.90M
Feb 23 2021
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
$316 / 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
$14,403
Tax year 2023
Assessed value
$192,480
Assessed 2024
Previous assessed
$159,360
+20.8% YoY
Effective rate
7.48%
On assessed value
Land market value
$384,900
Improvement market value
$1,539,900
Total market value
$1,924,800
Applied tax rate
971,300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2006
Construction
FRAME
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Rooms
10
Total area
7,456 SF
Lot
1 ac (43,725 SF)
Zoning code
S-1
APN
201-11-218B
UPID
US07-3489239
Jurisdiction
MARICOPA
Zoning & alternative use
S-1 · Glendale, AZ
Zoning S-1 · permitted uses
S-1 · 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
$2.0M
AUTO REPAIR, GARAGE
Est. value
$3.3M
OFFICE BUILDING
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
RETAIL STORES
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.7M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
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
2006
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Rooms
10
Lot
1 ac
Current owner
From public records · entity-resolved
Narcis M Chira
Individual
Mailing address
24215 N 55TH AVE, GLENDALE, AZ 85310-3740
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2021
$1,900,000
Narcis M Chira
Dmarir Holdings LLC
Warranty Deed
$1,499,000 · Cardinal Financial Company LP
Dec 13, 2019
—
The D A R Family Revocable Living T
Rumulus Rus
Re-recorded Document
related
$1,500,000 · Ks Statebank
Mar 20, 2018
—
Dmarir Holdings LLC
Romulus Rue
Quit Claim Deed
related
—
Apr 1, 2010
—
Rus Family Living Trust
Rus,romulus & Dorina M
Quit Claim Deed
related
—
Jan 15, 2008
—
Romulus I Rus
Rus,dorina M
Quit Claim Deed
related
$917,000 · Ing Bank Fsb
Feb 8, 2007
—
Romulus I Rus
Rus,romulus I
Quit Claim Deed
related
—
Oct 11, 2005
—
Romulus I Rus
—
Trustees Deed
related
$875,000 · Desert Hills Bank
Jun 28, 2004
$220,000
Erv,blv Tr
Glendale City (az)
Grant Deed
—
Sep 13, 2000
—
Eugene R Vian
Vian,eugene R & Benita L
Quit Claim Deed
related
—
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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