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Property profile & analytics
OFF-MARKET
Estimated value
$45,465,000
Assisted living facilities
2577 Greenway Rd, Phoenix, AZ 85023-4308
Entity Owned
~
Est. High Equity
Property ID
US07-0392920
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1986
Construction
STEEL FRAME
Total area
19,314 SF
Lot
15.27 ac (664,987 SF)
Zoning code
C-1
APN
208-15-943
UPID
US07-0392920
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
-
Embassy Suites Phoenix - North Hotel & Motel
-
Park Terrace Senior Living Retirement Community
-
greenway terrace Apartment Building
-
Park Terrace Community 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
$45.47M
Owner & transaction history
City Of Phoenix
City Of Phoenix
since 2026
Last sale
$45.0M
7 recorded transactions
Zoning & alternative use
C-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$46,390,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$45.47M
Range $40.92M – $50.01M · ±10% · vs last sale $45.00M (Apr 29 2022)
Last sale anchor
$45.00M
Apr 29 2022
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
$2,354 / 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
$185,019
Tax year 2023
Assessed value
$3,459,114
Assessed 2024
Previous assessed
$2,925,700
+18.2% YoY
Effective rate
5.35%
On assessed value
Land market value
$7,572,600
Improvement market value
$27,018,545
Total market value
$34,591,145
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
1986
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
14
Stories
3
Units
313
Total area
19,314 SF
Lot
15.27 ac (664,987 SF)
Zoning code
C-1
APN
208-15-943
UPID
US07-0392920
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.
Building & site characteristics
From public records
Year built
1986
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
3
Buildings
14
Units
313
Lot
15.27 ac
Current owner
From public records · entity-resolved
City Of Phoenix
Entity
Mailing address
1900 HINES ST SE STE #190, SALEM, OR 97302-1356
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2026
—
City Of Phoenix
Riii Ld Park Terrace Owner LLC
Warranty Deed
—
Apr 29, 2022
$45,000,000
Riii Ld Park Terrace Owner LLC
Houda Ba LLC
Special Warranty Deed
$32,500,000 · East West Bank
Jun 13, 2019
—
Houda Ba LLC
—
Grant Deed
related
$13,000,000 · Calprivate Bk
Jun 14, 2018
—
Houda Ba LLC
—
Deed
related
$130,000,000 · Thorofare Asset Based Lending Reit Fund
Apr 24, 2017
—
Houda Ba LLC
—
Deed
related
$1,750,000 · Azad Family Trust (pt)
May 10, 2016
—
Houda Ba LLC
—
Deed
related
$2,650,000 · Premier Business Bank
Dec 23, 2014
$5,500,000
Houda Ba LLC
2577 West Greenway LLC
Special Warranty Deed
$2,700,000 · Premier Business Bank
Jul 26, 2013
—
2577 West Greenway LLC
Wells Fargo Bank 2006-c1
Grant Deed
—
Jun 10, 2013
$6,000,000
Wells Fargo Bank NA 2006-c1 Tr
Gabriel Isaac M
Trustees Deed
related
—
Jun 1, 2001
$13,000,000
Hhp Phoenix LLC
Es Phoenix LLC
Grant Deed
—
Aug 4, 1999
—
Es Phoenix LLC
Ihc Realty Partnership LP
Grant Deed
related
—
Aug 29, 1996
$24,250,000
Partners I L P Interstone
Fsh Investment Corp
Grant Deed
—
Jul 15, 1988
$22,250,000
Investment C Fsh
Fount
Grant Deed
—
—
—
Houda Ba LLC
—
Deed Of Trust
related
$1,500,000 · Calprivate Bk
—
—
F S H Investment Corp
—
Deed Of Trust
related
—
—
—
Houda Ba LLC
—
Deed Of Trust
related
$1,750,000 · Azad Family Trust (pt)
—
—
Hhp-phoenix LLC
—
Deed Of Trust
related
$18,900,000 · Column Financial INC
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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