New search
Property profile & analytics
OFF-MARKET
Estimated value
$9,580,000
Assisted living facilities
3014 Indian School Rd, Phoenix, AZ 85016-6887
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0347882
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1982
Construction
CONCRETE
Total area
56,694 SF
Lot
1.99 ac (86,467 SF)
Zoning code
PAD-15
APN
163-01-067A
UPID
US07-0347882
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
-
Olive Grove Retirement Community Retirement Community
-
Olive Grove Assisted Living and 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
$8.14M
Blend (final)
Blend
$9.58M
Owner & transaction history
Olive Grove Alc LLC · 2 yrs held
Olive Grove Alc LLC
since 2023
Last sale
$10.1M
7 recorded transactions
Zoning & alternative use
PAD-15 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$15.7M
+22.3%
Medical building
$15.1M
+17.2%
Office building
$14.7M
+14.8%
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
$11,585,000
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)
$12,845,000
Current use
RETAIL STORES
$15,705,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$15,050,000
Change: +17% · Conversion: Difficult
OFFICE BUILDING
$14,740,000
Change: +15% · Conversion: Difficult
WAREHOUSE, STORAGE
$14,715,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$9.58M
Range $8.62M – $10.54M · ±10% · vs last sale $10.10M (Jul 31 2023)
Last sale anchor
$10.10M
Jul 31 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
$169 / 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
$66,846
Tax year 2023
Assessed value
$755,204
Assessed 2024
Previous assessed
$670,450
+12.6% YoY
Effective rate
8.85%
On assessed value
Land market value
$2,687,900
Improvement market value
$4,864,136
Total market value
$7,552,036
Applied tax rate
381,300.0000
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
1982
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
3
Total area
56,694 SF
Lot
1.99 ac (86,467 SF)
Zoning code
PAD-15
APN
163-01-067A
UPID
US07-0347882
Jurisdiction
MARICOPA
Zoning & alternative use
PAD-15 · Phoenix, AZ
Zoning PAD-15 · permitted uses
PAD-15 · 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
$12.8M
RETAIL STORES
Est. value
$15.7M
MEDICAL BUILDING
Est. value
$15.1M
OFFICE BUILDING
Est. value
$14.7M
WAREHOUSE, STORAGE
Est. value
$14.7M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
RETAIL STORES
MEDICAL BUILDING
OFFICE 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
1982
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
3
Buildings
2
Lot
1.99 ac
Current owner
From public records · entity-resolved
Olive Grove Alc LLC
Entity
Mailing address
2731 77TH AVE SE STE #203, MERCER ISLAND, WA 98040-2800
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
Jul 31, 2023
$10,100,000
Olive Grove Alc LLC
Olive Grove Real Estate LLC
Special Warranty Deed
$8,440,000 · Jackson Flagstar Centre Office
Jan 31, 2014
$5,700,000
Olive Grove R Of E LLC R & E
Emerichip Phoenix LLC
Grant Deed
—
Oct 31, 2011
—
Emerichip Phoenix LLC
—
Deed Of Trust
related
$112,000,000 · Key Bank & Trust
Aug 21, 2007
$8,195,445
Emerichip Phoenix LLC
Hc Properties INC
Grant Deed
$26,200,000 · Capmark Bank
Dec 29, 1995
$4,949,023
Care Property Investors I Health
Emeritus Real Estate II L
Grant Deed
—
Aug 11, 1995
—
Emeritus Real Estate II
Emeritus Corporation
Quit Claim Deed
related
$11,132,000 · Seller
May 31, 1994
$2,500,000
Brim-olive Grove INC
Olive Grove Part
Grant Deed
related
—
—
—
Emerichip Phoenix LLC
—
Deed Of Trust
related
$4,080,000 · Keycorp R E Capital Marketing
—
—
Care Property Investors I Health
—
Deed Of Trust
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3014 Indian School Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
