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Property profile & analytics
OFF-MARKET
Estimated value
$2,000,000
Assisted living facilities
2606 Greenway Pkwy Phoenix, AZ 85032-3601
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US07-0139186
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1999
Construction
STEEL FRAME
Total area
6,119 SF
Lot
5.76 ac (250,775 SF)
Zoning code
R-3
APN
214-40-368D
UPID
US07-0139186
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
-
Sree Devi Kumaravel Physician
-
Sunshine Village Memory Care Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.00M
Blend (final)
Blend
$2.00M
Owner & transaction history
Greenway Parkway LLC · 13 yrs held
Greenway Parkway LLC
since 2013
7 recorded transactions
Zoning & alternative use
R-3 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.3M
+135.7%
Auto repair, garage
$2.6M
+86.5%
Office building
$1.9M
+33.5%
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
by Request
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)
$1,385,000
Current use
RESTAURANT
$3,270,000
Change: +136% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,585,000
Change: +87% · Conversion: Difficult
OFFICE BUILDING
$1,850,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$1,720,000
Change: +24% · Conversion: Difficult
MEDICAL BUILDING
$1,625,000
Change: +17% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,590,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$2.00M
Range $1.80M – $2.20M · ±10%
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
$327 / 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
$46,689
Tax year 2023
Assessed value
$720,210
Assessed 2024
Previous assessed
$628,417
+14.6% YoY
Effective rate
6.48%
On assessed value
Land market value
$1,759,600
Improvement market value
$5,196,152
Total market value
$6,955,752
Applied tax rate
691,300.0000
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
1999
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
8
Stories
1
Units
8
Total area
6,119 SF
Lot
5.76 ac (250,775 SF)
Zoning code
R-3
APN
214-40-368D
UPID
US07-0139186
Jurisdiction
MARICOPA
Zoning & alternative use
R-3 · Phoenix, AZ
Zoning R-3 · permitted uses
R-3 · 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
$1.4M
RESTAURANT
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$2.6M
OFFICE BUILDING
Est. value
$1.9M
RETAIL STORES
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.6M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1999
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
8
Units
8
Lot
5.76 ac
Current owner
From public records · entity-resolved
Greenway Parkway LLC
Entity
Mailing address
1333 2ND ST STE #650, SANTA MONICA, CA 90401-4103
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2020
—
Greenway Parkway LLC
—
Deed
related
$21,500,000 · Cibc Bank USA
Aug 24, 2018
—
Greenway Parkway LLC
—
Loan Modification
related
$9,520,000 · Lancaster Pollard Mtg
May 1, 2013
$5,300,000
Greenway Parkway LLC
Emeritus Corporation
Special Warranty Deed
$7,000,000 · The Privatebank & Trust Co
Nov 15, 2012
$6,000,000
Emeritus Corp
Bre Of Sw Sunshine Village LLC
Grant Deed
$52,000,000 · Private Individual
Aug 19, 2010
$8,629,724
Bre Of Sw Sunshine Village LLC
Stayton Sw Assisted Living LLC
Grant Deed
—
Aug 19, 2010
—
Bre Of Sw Sunshine Village LLC
—
Loan Modification
related
$128,334,000 · Miscellaneous Ins Co
Jul 2, 2010
—
Sunshine Village Assisted Livi
—
Loan Modification
related
$128,236,676 · Columbia Pacific Distressed
Jun 18, 2008
—
Kirbys Sunshine Village LLC
Sunshine Village Cottages Prop
Quit Claim Deed
—
Jul 14, 2006
—
Sunshine Village Assisted Livi
—
Grant Deed
related
$128,334,000 · Column Fin'l
Oct 22, 2003
$5,600,000
Sunshine Village Property LLC
Ppr Holdings LP
Grant Deed
—
Feb 17, 1999
$100,000
J D Investments INC
Fann Trust
Trustees Deed
$100,000 · Seller
Feb 17, 1999
$300,000
Ppr Holdings LP
Turken Trust
Trustees Deed
related
$3,924,200 · Pfc Corp
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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