Property profile

8701 Cheery Lynn Rd Scottsdale, AZ 85251

OFF-MARKET
Assisted living facilities
Property ID
US07-1457569
2,667 SF 0.17 ac lot Built 1974
Entity Owned 3-yr Hold
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1974
Construction CONCRETE BLOCKS
Total area 2,667 SF
Lot 0.17 ac (7,286 SF)
Zoning code R1-7
APN 130-40-208
UPID US07-1457569

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
  • Nursing Home Retirement Community

Location

8701 Cheery Lynn Rd Scottsdale, AZ 85251-5015
Scottsdale metro Census 217700 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
$1.04M
Blend (final) Blend
$860k

Owner & transaction history

since 2023
Last sale
$975,000
7 recorded transactions
2023
$975,000
2012
Price N/A
2006
$500,000
2005
Price N/A
2005
$390,000
2005
Price N/A
2001
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
Retail stores $1.6M +90.4%
Commercial (general) $1.3M +55.7%
Auto repair, garage $1.1M +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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