Property profile

7230 Grovers Ave 2 Glendale, AZ 85308

OFF-MARKET
Assisted living facilities
Property ID
US07-2782965
2,664 SF 0.42 ac lot Built 1973
Individually Owned 2-yr Hold
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1973
Construction CONCRETE BLOCKS
Total area 2,664 SF
Lot 0.42 ac (18,479 SF)
Zoning code SR-17
APN 200-44-275
UPID US07-2782965

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

7230 Grovers Ave, Unit 2 Glendale, AZ 85308-8123
Glendale metro Census 617800 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
$783k
Blend (final) Blend
$790k

Owner & transaction history

since 2023
7 recorded transactions
2023
Price N/A
2021
Price N/A
2021
$450,000
2021
Price N/A
2004
$269,950
2001
Price N/A
1999
$200,000

Zoning & alternative use

SR-17 · Glendale, AZ
Zoning description

e or corral shall not be closer than one-hundred (100) feet from any residence or living space, including a pool or patio, on an adjacent suburban residential, urban residential or multiple residential zoned lot. SR-30,…

General category RESIDENTIAL
Top alternative use upside
Auto repair, garage $1.2M +66.7%
Commercial (general) $815,000 +16.6%
Neighborhood: shopping center $770,000 +9.9%

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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