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Property profile & analytics
OFF-MARKET
Estimated value
$20,035,000
Assisted living facilities
2532 Peoria Ave, Phoenix, AZ 85029-4709
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-1786416
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
New Freedom Crisis Center Medical Clinic
-
Encore Rental Equipment Company Tech Support Center
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
Nfaz Metro LLC · 3 yrs held
Nfaz Metro LLC
since 2023
Last sale
$19.1M
7 recorded transactions
Zoning & alternative use
C-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$30.8M
+31.5%
Medical building
$27.4M
+17.2%
Warehouse, storage
$26.8M
+14.6%
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 Phoenix submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phoenix 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
$21,905,000
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)
$23,410,000
Current use
RETAIL STORES
$30,790,000
Change: +32% · Conversion: Difficult
MEDICAL BUILDING
$27,430,000
Change: +17% · Conversion: Difficult
WAREHOUSE, STORAGE
$26,820,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$20.04M
Range $18.03M – $22.04M · ±10% · vs last sale $19.10M (Mar 3 2023)
Last sale anchor
$19.10M
Mar 3 2023
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
$194 / 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
$143,263
Tax year 2023
Assessed value
$4,245,299
Assessed 2024
Previous assessed
$3,951,667
+7.4% YoY
Effective rate
3.37%
On assessed value
Land market value
$5,699,800
Improvement market value
$20,029,287
Total market value
$25,729,087
Applied tax rate
61,300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
1981
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
4
Units
248
Total area
103,336 SF
Lot
8.87 ac (386,466 SF)
Zoning code
C-1
APN
149-07-071
UPID
US07-1786416
Jurisdiction
MARICOPA
Zoning & alternative use
C-1 · Phoenix, AZ
Zoning C-1 · permitted uses
C-1 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phoenix. 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
$23.4M
RETAIL STORES
Est. value
$30.8M
MEDICAL BUILDING
Est. value
$27.4M
WAREHOUSE, STORAGE
Est. value
$26.8M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1981
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
4
Buildings
2
Units
248
Lot
8.87 ac
Current owner
From public records · entity-resolved
Nfaz Metro LLC
Entity
Mailing address
449 S 48TH ST STE #105, TEMPE, AZ 85281-2304
Ownership since
2023
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
Mar 3, 2023
$19,100,000
Nfaz Metro LLC
Th Phoenix Peoria LLC
Special Warranty Deed
$19,100,000 · Sunflower Bank NA
Dec 24, 2020
$15,500,000
Th Phoenix Peoria LLC
Crown Hotels LLC
Grant Deed
—
Jul 6, 2020
—
Crown Hotels LLC
—
Deed
related
$368,766 · Cpif Wtb LLC
Nov 7, 2019
—
Crown Hotels LLC
Alchemist Hotels LLC
Warranty Deed
related
—
Apr 27, 2017
—
Crown Hotels LLC
—
Deed
related
$7,000,000 · Other Institutional Lenders
Oct 23, 2007
—
Phoenix Holdings LLC
Owner Name Unavailable
Grant Deed
—
Feb 2, 2006
—
Everest Cp Phoenix LLC
Everest Hotel I LLC
Special Warranty Deed
$7,200,000 · Deutsche Banc Mortgage Capital LLC
—
—
Crown Hotels LLC
—
Deed Of Trust
related
$368,766 · Cpif Wtb LLC
—
—
Crown Hotels LLC
—
Deed Of Trust
related
$7,000,000 · Other Institutional Lenders
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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