Property profile

7316 Cordes Rd 2 Phoenix, AZ 85043

OFF-MARKET
Assisted living facilities
Property ID
US07-2689856
1,741 SF 0.13 ac lot Built 2004
Individually Owned 15-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 2004
Construction FRAME
Total area 1,741 SF
Lot 0.13 ac (5,584 SF)
Zoning code R1-8
APN 104-52-195
UPID US07-2689856

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
  • Social Service Agency Charitable Organization

Location

7316 Cordes Rd, Unit 2 Phoenix, AZ 85043-7260
Phoenix metro Census 112517 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$105k

Owner & transaction history

since 2011
7 recorded transactions
2022
Price N/A
2021
Price N/A
2020
Price N/A
2011
$65,000
2008
Price N/A
2006
Price N/A
2005
$260,000

Zoning & alternative use

R1-8 · Phoenix, AZ
Zoning description

The purpose of R1-8 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

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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