Property profile

6622 7th Ave Phoenix, AZ 85013

OFF-MARKET
Assisted living facilities
Property ID
US07-1497047
3,090 SF 0.29 ac lot Built 1952
Individually Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1952
Construction CONCRETE BLOCKS
Total area 3,090 SF
Lot 0.29 ac (12,776 SF)
Zoning code R1-6
APN 156-25-048
UPID US07-1497047

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6622 7th Ave Phoenix, AZ 85013-1108
Phoenix metro Census 106702 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
$663k
Blend (final) Blend
$735k

Owner & transaction history

since 2021
Last sale
$640,000
7 recorded transactions
2021
$640,000
2021
Price N/A
2007
$550,000
2005
$460,000
1993
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R1-6 · Phoenix, AZ
Zoning description

The purpose of R1-6 is to foster the creation of living areas which can assist the establishment of stable, functional neighborhoods and an established pattern of living in this metropolitan area reflects a tradition of…

General category RESIDENTIAL
Top alternative use upside
Retail stores $920,000 +31.5%
Medical building $820,000 +17.2%
Warehouse, storage $800,000 +14.6%

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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