Property profile

827 Chipman Rd Phoenix, AZ 85040

OFF-MARKET
Assisted living facilities
Property ID
US07-2654986
3,107 SF 0.33 ac lot Built 2016
Entity Owned 6-yr Hold
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 2016
Construction FRAME
Total area 3,107 SF
Lot 0.33 ac (14,569 SF)
Zoning code R-3
APN 113-48-008
UPID US07-2654986

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
  • Medical Clinic

Location

827 Chipman Rd Phoenix, AZ 85040-2258
Phoenix metro Census 115900 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
$531k
Blend (final) Blend
$525k

Owner & transaction history

since 2020
Last sale
$10,500
7 recorded transactions
2020
Price N/A
2016
Price N/A
2016
Price N/A
2013
$10,500
2013
Price N/A
2010
Price N/A
1997
$8,000

Zoning & alternative use

R-3 · Phoenix, AZ
Zoning description

The purpose of R-3 is to provide for alternate living styles including rental, condominiums and single ownership of land with multiple units thereon or single or attached townhomes

General category RESIDENTIAL
Top alternative use upside
Warehouse, storage $835,000 +18.9%
Medical building $825,000 +17.2%
Neighborhood: shopping center $790,000 +12.4%

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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