Property profile

8269 State Ave Glendale, AZ 85303

OFF-MARKET
Assisted living facilities
Property ID
US07-0047518
2,331 SF 0.19 ac lot Built 2002
Trust Owned 20-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 2002
Construction FRAME
Total area 2,331 SF
Lot 0.19 ac (8,250 SF)
Zoning code R1-8
APN 142-27-165
UPID US07-0047518

Cap rate & NOI

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

Location

8269 State Ave Glendale, AZ 85303-1819
Glendale metro Census 92711 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
$579k
Blend (final) Blend
$245k

Owner & transaction history

since 2006
5 recorded transactions
2006
Price N/A
2003
$205,000
2002
$40,000
2001
$2.0M
2001
$996,470

Zoning & alternative use

R1-8 · Glendale, AZ
Zoning description

R1-10, R1-8, R1-7, R1-6, R1-4 (Urban Residential 10, 8, 7, 6, & 4): These zoning districts do not allow for horses or any other livestock including swine and chickens. PAD (Planned Area Development): Please contact the P…

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Office building $745,000 +21.8%
Commercial (general) $715,000 +16.6%
Neighborhood: shopping center $675,000 +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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