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Property profile & analytics
OFF-MARKET
Estimated value
$5,020,000
Assisted living facilities
350 La Canada Blvd Avondale, AZ 85323-1643
Entity Owned
4-yr Hold
Free & Clear
Property ID
US07-1000724
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1986
Construction
STEEL FRAME
Total area
45,310 SF
Lot
4.42 ac (192,360 SF)
Zoning code
C-2
APN
500-10-001H
UPID
US07-1000724
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
-
Tzeng Jarvis A DO Physician
-
Sun Dance Rehabilitation Medical Clinic
-
Genesis Health Nursing Home Retirement Community
-
Shane Esfeld Physician
-
Laura Eddy Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.02M
Owner & transaction history
Texas Nhi Investors LLC · 4 yrs held
Texas Nhi Investors LLC
since 2021
Last sale
$5.0M
4 recorded transactions
Zoning & alternative use
C-2 · Avondale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
y thousand (70,000) gross building square feet. (5) Encourage development that is consistent with the policies and the guidelines established in any specific plan and the General Plan. (d) Community Commercial District (C-2). The purpose of the Community Commercial (C-2) district is to accommodate development of commercial complexes providing goods and servi…
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
386.29 ac
Source
code of ordinances
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 Avondale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Avondale 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
$5,045,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.02M
Range $4.52M – $5.52M · ±10% · vs last sale $5.01M (Dec 30 2021)
Last sale anchor
$5.01M
Dec 30 2021
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
$111 / 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
$51,782
Tax year 2023
Assessed value
$740,926
Assessed 2024
Previous assessed
$602,640
+22.9% YoY
Effective rate
6.99%
On assessed value
Land market value
$1,390,100
Improvement market value
$6,019,163
Total market value
$7,409,263
Applied tax rate
440,100.0000
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
1986
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
45,310 SF
Lot
4.42 ac (192,360 SF)
Zoning code
C-2
APN
500-10-001H
UPID
US07-1000724
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Avondale, AZZoning C-2 · permitted uses
C-2 · Avondale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
y thousand (70,000) gross building square feet. (5) Encourage development that is consistent with the policies and the guidelines established in any specific plan and the General Plan. (d) Community Commercial District (C-2). The purpose of the Community Commercial (C-2) district is to accommodate development of commercial complexes providing goods and services to a community-wide trade area. (1) Encourage commercial centers that are plann
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
386.29 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1986
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
4.42 ac
Current owner
From public records · entity-resolved
Texas Nhi Investors LLC
Entity
Free & Clear · 4 yrs held
Mailing address
600 UNIVERSITY ST STE #2000, SEATTLE, WA 98101-1195
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2021
—
Texas Nhi Investors LLC
National Health Investors INC
Intrafamily Transfer
related
—
Aug 14, 1996
$5,011,269
National Health Investors INC
Sunrise Healthcare Corp
Grant Deed
—
Feb 6, 1996
—
Sunrise Healthcare Corp
Holly Properties
Grant Deed
related
—
Feb 16, 1990
$3,700,000
Holly Properties
Lynn Family Ltd
Grant Deed
—
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.
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