Property profile

2532 Peoria Ave Phoenix, AZ 85029

OFF-MARKET
Assisted living facilities
Property ID
US07-1786416
103,336 SF 8.87 ac lot Built 1981
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1981
Construction CONCRETE
Total area 103,336 SF
Lot 8.87 ac (386,466 SF)
Zoning code C-1
APN 149-07-071
UPID US07-1786416

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
  • Crisis Center Medical Clinic
  • Rental Equipment Company Tech Support Center

Location

2532 Peoria Ave Phoenix, AZ 85029-4709
Phoenix metro Census 104401 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
by Request
Blend (final) Blend
$20.04M

Owner & transaction history

since 2023
Last sale
$19.1M
7 recorded transactions
2023
$19.1M
2020
$15.5M
2020
Price N/A
2019
Price N/A
2017
Price N/A
2007
Price N/A
2006
Price N/A

Zoning & alternative use

C-1 · Phoenix, AZ
Zoning description

The purpose C-1 zone is to provide light neighborhood type retail and customer service uses designed to be compatible with each other and nearby residential districts

General category COMMERCIAL
Top alternative use upside
Retail stores $30.8M +31.5%
Medical building $27.4M +17.2%
Warehouse, storage $26.8M +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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