Property profile

8802 61st Ave Glendale, AZ 85302

OFF-MARKET
Assisted living facilities
Property ID
US07-1349131
7,515 SF 1.26 ac lot Built 1985
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1985
Construction CONCRETE
Total area 7,515 SF
Lot 1.26 ac (55,060 SF)
Zoning code C-O
APN 143-13-006X
UPID US07-1349131

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
  • Physician

Location

8802 61st Ave Glendale, AZ 85302-4521
Glendale metro Census 92312 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
$2.35M
Blend (final) Blend
$2.38M

Owner & transaction history

since 2024
5 recorded transactions
2024
Price N/A
2023
$930,000
2012
Price N/A
1992
$225,000
1992
$187,700

Zoning & alternative use

C-O · Glendale, AZ
Zoning description

gle Family Residence) Use Standards - see Table 2.300-1 R-2, R-3, R-4, & R-5 (Multi-Family Residence) Use Standards - see Table 2.400-1 C-1, C-2, C-3, & PR (Commercial Development) Use Standards - see Table 2.500-1 R-O,…

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $3.3M +66.7%
Office building $2.4M +21.8%
Commercial (general) $2.3M +16.6%

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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