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Property profile & analytics
OFF-MARKET
Estimated value
$20,750,000
Assisted living facilities
6250 19th Ave, Phoenix, AZ 85015-1565
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-0736186
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1987
Construction
STEEL FRAME
Total area
246,450 SF
Lot
8.4 ac (365,988 SF)
Zoning code
R-5
APN
156-14-071B
UPID
US07-0736186
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
-
The Palazzo Nursing Home Retirement Community
-
plzz Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$20.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.75M
Owner & transaction history
North 19th Holdings LLC · 1 yrs held
North 19th Holdings LLC
since 2024
Last sale
$20.8M
7 recorded transactions
Zoning & alternative use
R-5 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Phoenix submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phoenix 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
$20,750,000
ML approach
$20,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$20.75M
Range $18.68M – $22.83M · ±10% · vs last sale $20.75M (Sep 26 2024)
Last sale anchor
$20.75M
Sep 26 2024
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
$84 / 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
$140,795
Tax year 2023
Assessed value
$4,575,986
Assessed 2024
Previous assessed
$4,575,986
+0.0% YoY
Effective rate
3.08%
On assessed value
Land market value
$3,904,200
Improvement market value
$41,855,662
Total market value
$45,759,862
Applied tax rate
61,300.0000
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
1987
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
3
Units
237
Total area
246,450 SF
Lot
8.4 ac (365,988 SF)
Zoning code
R-5
APN
156-14-071B
UPID
US07-0736186
Jurisdiction
MARICOPA
Zoning & alternative use
R-5 · Phoenix, AZ
Zoning R-5 · permitted uses
R-5 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phoenix. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
3
Units
237
Lot
8.4 ac
Current owner
From public records · entity-resolved
North 19th Holdings LLC
Entity
Mailing address
1775 HANCOCK ST STE #200, SAN DIEGO, CA 92110-2036
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
24 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2024
$20,750,000
North 19th Holdings LLC
19th Avenue Properties LLC
Special Warranty Deed
—
Oct 29, 2020
—
19th Avenue Properties LLC
—
Deed
related
$13,000,000 · Farmers And Merchants Bank Of Long Beach
Oct 6, 2016
—
19th Avenue Properties LLC
—
Deed
related
$15,116,000 · Pnc Bank NA
Mar 31, 2016
$16,750,000
19th Avenue Properties LLC
Emeritus Corp
Grant Deed
—
Nov 15, 2012
$19,000,000
Emeritus Corp
Bre Of Sw Chris Ridge LLC
Grant Deed
$52,000,000 · Private Individual
Aug 20, 2010
—
Bre Of Sw Chris Ridge LLC
D Brutkes Chris Ridge LLC
Grant Deed
—
Aug 20, 2010
$21,141,785
Bre Of Sw Chris Ridge LLC
Stayton Sw Assisted Living LLC
Grant Deed
—
Oct 31, 2006
$1,380,000
Northwest Ptrs 2s Chris Ridge
Chris Ridge Senior Living LLC
Grant Deed
—
Oct 4, 2006
$52,500
M Fischers Chris Ridge LLC
Chris Ridge Senior Living LLC
Grant Deed
—
Oct 3, 2006
$52,500
J Fischers Chris Ridge LLC
Chris Ridge Senior Living LLC
Grant Deed
—
Sep 11, 2006
$385,000
Taylors Chris Ridge LLC
Chris Ridge Senior Living LLC
Grant Deed
—
Sep 11, 2006
$452,500
L Brutkes Chris Ridge LLC
Chris Ridge Senior Living LLC
Grant Deed
—
Sep 11, 2006
$315,384
Penns Chris Ridge LLC
Chris Ridge Senior Living LLC
Grant Deed
—
Sep 11, 2006
$300,000
J Fischers Chris Ridge LLC
Chris Ridge Senior Living LLC
Grant Deed
—
Sep 11, 2006
$21,000,000
Chris Ridge Senior Living LLC
Lb Phoenix Bethany Home Road LLC
Special Warranty Deed
$72,736,000 · Marathon Structured Finance Fund LP
Sep 11, 2006
$200,000
Tallacksons Chris Ridge LLC
Chris Ridge Senior Living LLC
Grant Deed
—
Sep 11, 2006
$40,422
Divine Investments Chris Ridg
Chris Ridge Senior Living LLC
Grant Deed
—
Sep 11, 2006
$100,000
Hayes Chris Ridge LLC
Chris Ridge Senior Living LLC
Grant Deed
—
Sep 11, 2006
$124,886
Sanchezs Chris Ridge LLC
Chris Ridge Senior Living LLC
Grant Deed
—
Sep 11, 2006
$150,000
Mattsons Chris Ridge LLC
Chris Ridge Senior Living LLC
Grant Deed
—
Sep 11, 2006
$120,000
Firsts Chris Ridge LLC
Chris Ridge Senior Living LLC
Grant Deed
—
Sep 11, 2006
$500,000
Eliopouloss Chris Ridge LLC
Chris Ridge Senior Living LLC
Grant Deed
—
Sep 11, 2006
$1,264,000
Boyers Chris Ridge LLC
Chris Ridge Senior Living LLC
Grant Deed
—
Sep 11, 2006
$400,000
Mcclellands Chris Ridge LLC
Chris Ridge Senior Living LLC
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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