Property profile

850 Pennington Dr Chandler, AZ 85224

OFF-MARKET
Assisted living facilities
Property ID
US07-1989435
35,442 SF 2.72 ac lot Built 2013
Entity Owned 3-yr Hold
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 2013
Construction STEEL FRAME
Total area 35,442 SF
Lot 2.72 ac (118,407 SF)
Zoning code PAD
APN 303-63-311
UPID US07-1989435

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

850 Pennington Dr Chandler, AZ 85224-5500
Chandler metro Census 523103 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
$7.59M
Blend (final) Blend
$6.44M

Owner & transaction history

since 2023
Last sale
$8.2M
4 recorded transactions
2023
$8.2M
2014
Price N/A
2013
Price N/A
1969
Price N/A

Zoning & alternative use

PAD · Chandler, AZ
Zoning description

rezoning classification to be sought by, or to be applicable to, private interests for off-airport parcels or uses. Off-airport uses shall be considered under other zoning designations, such as Planned Area Development (…

General category RESIDENTIAL
Top alternative use upside
Medical building $8.4M +0.5%

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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