Property profile

3424 27th Ave Phoenix, AZ 85017

OFF-MARKET
Assisted living facilities
Property ID
US07-1214754
8,806 SF 0.79 ac lot Built 1963
Individually Owned 21-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1963
Construction CONCRETE
Total area 8,806 SF
Lot 0.79 ac (34,325 SF)
Zoning code C-3
APN 108-05-071
UPID US07-1214754

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
  • Association / Organization

Location

3424 27th Ave Phoenix, AZ 85017-5013
Phoenix metro Census 116900 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
$1.78M
Blend (final) Blend
$285k

Owner & transaction history

since 2004
5 recorded transactions
2024
Price N/A
2004
Price N/A
1994
$235,000
1992
$150,000
1969
Price N/A

Zoning & alternative use

C-3 · Phoenix, AZ
Zoning description

The purpose C-3 zone is to provide to provide for the intensive commercial uses necessary to the proper development of the community

General category COMMERCIAL
Top alternative use upside
Retail stores $2.6M +31.5%
Medical building $2.3M +17.2%

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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