Property profile

350 Alma School Rd Chandler, AZ 85224

OFF-MARKET
Assisted living facilities
Property ID
US07-1217486
83,740 SF 3.44 ac lot Built 2007
Entity Owned 23-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a portfolio of seven senior living apartment buildings totaling 834 units, strategically located across Arizona and Colorado. The portfolio boasts a 7.00% capitalization rate and 100% occupancy, demonstrating strong, stable returns. Buildings were constructed between 2003 and 2024, offering a mix of established and newer properties. The portfolio encompasses a wide range of lot sizes, from 1.48 to 24.03 acres, and a total square footage ranging from 50,220 to 166,600 square feet. Individual property locations include Chandler, Phoenix, Avondale, and Peoria, Arizona

Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 2007
Construction STEEL FRAME
Total area 83,740 SF
Lot 3.44 ac (149,914 SF)
Zoning code PAD
APN 303-23-005G
UPID US07-1217486

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

350 Alma School Rd Chandler, AZ 85224-7605
Chandler metro Census 523103 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
$16.85M
Blend (final) Blend
$16.79M

Owner & transaction history

since 2002
4 recorded transactions
2002
Price N/A
1999
$550,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

PAD · Chandler, AZ
Zoning description

rezoning classification to be sought by, or to be applicable to, private interests for off-airport parcels or uses. Off-airport uses shall be considered under other zoning designations, such as Planned Area Development (…

General category RESIDENTIAL
Top alternative use upside
Medical building $19.9M +0.5%

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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