Property profile

2935 18th Pl Phoenix, AZ 85016

OFF-MARKET
Assisted living facilities
Property ID
US07-3355632
42,066 SF 1.8 ac lot Built 1974
Entity Owned 15-yr Hold Free & Clear
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1974
Construction CONCRETE
Total area 42,066 SF
Lot 1.8 ac (78,364 SF)
Zoning code R-5
APN 119-34-018A
UPID US07-3355632

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
  • Nursing Home Retirement Community

Location

2935 18th Pl Phoenix, AZ 85016-7726
Phoenix metro Census 110701 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
$5.55M
Blend (final) Blend
$645k

Owner & transaction history

since 2011
7 recorded transactions
2011
Price N/A
2011
$3.8M
2007
$7.0M
1999
$6.5M
1997
Price N/A
1994
$3.8M
1994
$1.4M

Zoning & alternative use

R-5 · Phoenix, AZ
Zoning description

The purpose of R-5 is to provide for alternate living styles including rental, condominiums and single ownership of land with multiple units thereon or single or attached townhomes

General category COMMERCIAL

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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