Property profile

7308 Virginia Ave Scottsdale, AZ 85257

OFF-MARKET
Assisted living facilities
Property ID
US07-0596972
3,420 SF 0.23 ac lot Built 1959
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1959
Construction CONCRETE BLOCKS
Total area 3,420 SF
Lot 0.23 ac (10,101 SF)
Zoning code R1-7
APN 131-29-062
UPID US07-0596972

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

7308 Virginia Ave Scottsdale, AZ 85257-1439
Scottsdale metro Census 217900 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
$1.33M
Blend (final) Blend
$1.12M

Owner & transaction history

since 2021
Last sale
$1.3M
7 recorded transactions
2022
Price N/A
2021
$1.3M
2018
Price N/A
2017
$340,000
1989
$67,500
1989
Price N/A
1969
Price N/A

Zoning & alternative use

R1-7 · Scottsdale, AZ
Zoning description

The R1-7 district is intended to promote and preserve urban single-family residential development. Lot size permits the highest density of population attainable in a single-family residential district. The principal land…

General category RESIDENTIAL
Top alternative use upside
Commercial (general) $1.7M +55.7%
Retail stores $1.6M +46.7%
Auto repair, garage $1.4M +31.2%

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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