Property profile

7012 48th Ave Glendale, AZ 85301

OFF-MARKET
Assisted living facilities
Property ID
US07-1070192
10,928 SF 0.29 ac lot Built 1958
Entity Owned 12-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1958
Construction CONCRETE
Total area 10,928 SF
Lot 0.29 ac (12,750 SF)
Zoning code C-2
APN 147-12-036
UPID US07-1070192

Cap rate & NOI

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

Location

7012 48th Ave Glendale, AZ 85301
Glendale metro Census 92401 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
$2.19M
Blend (final) Blend
$2.21M

Owner & transaction history

since 2013
2 recorded transactions
2013
$315,000
2002
Price N/A

Zoning & alternative use

C-2 · Glendale, AZ
Zoning description

sidence) Use Standards - see Table 2.200-1 R1-10, R1-8, R1-7, R1-6, & R1-4 (Single Family Residence) Use Standards - see Table 2.300-1 R-2, R-3, R-4, & R-5 (Multi-Family Residence) Use Standards - see Table 2.400-1 C-1,…

General category COMMERCIAL
Top alternative use upside
Neighborhood: shopping center $3.2M +9.9%
Commercial (general) $2.9M +2.3%

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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