Property profile

4000 3rd Ave Phoenix, AZ 85013

OFF-MARKET
Assisted living facilities
Property ID
US07-2204612
118,269 SF 1.93 ac lot Built 2016
Entity Owned 12-yr Hold Free & Clear
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 2016
Construction STEEL FRAME
Total area 118,269 SF
Lot 1.93 ac (84,041 SF)
Zoning code R-5
APN 118-28-002Q
UPID US07-2204612

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

4000 3rd Ave Phoenix, AZ 85013-1207
Phoenix metro Census 110501 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
$33.35M
Blend (final) Blend
$33.01M

Owner & transaction history

since 2013
4 recorded transactions
2013
$565,000
2013
$750,000
2005
Price N/A
2005
$1.8M

Zoning & alternative use

R-5 · Phoenix, AZ
Zoning description

The purpose of R-5 is to provide for alternate living styles including rental, condominiums and single ownership of land with multiple units thereon or single or attached townhomes

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $50.0M +86.5%
Retail stores $35.2M +31.5%
Medical building $31.4M +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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