Property profile

31704 16th Ave Phoenix, AZ 85085

OFF-MARKET
Assisted living facilities
Property ID
US07-3340776
3,445 SF 0.34 ac lot Built 2006
Individually Owned 18-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 2006
Construction FRAME
Total area 3,445 SF
Lot 0.34 ac (14,717 SF)
Zoning code R1-18
APN 204-12-958
UPID US07-3340776

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
  • General Contractor

Location

31704 16th Ave Phoenix, AZ 85085-8068
Phoenix metro Census 612000 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$774k
Blend (final) Blend
$565k

Owner & transaction history

since 2008
3 recorded transactions
2008
Price N/A
2007
$675,000
2004
Price N/A

Zoning & alternative use

R1-18 · Phoenix, AZ
Zoning description

The purpose of R1-18 is to foster the creation of living areas which can assist the establishment of stable, functional neighborhoods and an established pattern of living in this metropolitan area reflects a tradition of…

General category RESIDENTIAL
Top alternative use upside
Retail stores $1.0M +31.5%
Medical building $915,000 +17.2%
Warehouse, storage $895,000 +14.6%

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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