Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    901 Willetta St Phoenix, AZ 85006-2727

    • Assisted living facilities
    • 61,203 SF
    • 2.85 lot acres
    OFF-MARKET
    Value Estimations
    $15,075,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0501158
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Ganesh Gopalakrishna, MD / Physician
    • Peter Taylor, DO: Psychiatry / Physician
    • William Burke, MD / Physician
    • Po-Heng Tsai, MD / Physician / Medical Clinic
    • Sara Dhanani, MD / Physician / Medical Clinic

    Property Details for 901 Willetta St

    Year built
    1989
    Construction
    STEEL FRAME
    Lot size
    2.85 lot acres
    Property size
    61,203 SF
    Zone code
    C-C
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    116-30-151
    APU
    11630151

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $15,229,000
      Market price range: $8.08M - $20.0M
      AI Estimate
      $14,920,000
      Market price range: $7.94M - $20.0M

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $13,865,000
      Current use
      OFFICE BUILDING
      $18,365,000
      Change: +32% Conversion: Difficult
      MEDICAL BUILDING
      $16,245,000
      Change: +17% Conversion: Difficult
      WAREHOUSE, STORAGE
      $15,885,000
      Change: +15% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $15,580,000
      Change: +12% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.062
    Latitude
    33.4631
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2015
    $0.00
    $146,535
    $1,265,925
    $1,412,460
    -
    $976,900
    $8,439,500
    $9,416,400

    Comparable in this City

    • Value Estimation
      $4,385,000
      31,091 SF

      1346 Mcdowell Rd

      HOMES (RETIRED, NURSING) • 31,091 SF
      1346 Mcdowell Rd, Phoenix, AZ 85006-2616
      View Details
    • Value Estimation
      $1,660,000
      83,493 SF

      1880 Van Buren St

      HOMES (RETIRED, NURSING) • 83,493 SF
      1880 Van Buren St, Phoenix, AZ 85006-3742
      View Details
    • Value Estimation
      $580,000
      21,024 SF

      1310 Mcdowell Rd

      HOMES (RETIRED, NURSING) • 21,024 SF
      1310 Mcdowell Rd, Phoenix, AZ 85006-2616
      View Details
    • Value Estimation
      $655,000
      1,957 SF

      1330 Monte Vis Rd

      HOMES (RETIRED, NURSING) • 1,957 SF
      1330 Monte Vis Rd, Phoenix, AZ 85006-1741
      View Details
    • Value Estimation
      $4,960,000
      28,787 SF

      1314 Mcdowell Rd

      HOMES (RETIRED, NURSING) • 28,787 SF
      1314 Mcdowell Rd, Phoenix, AZ 85006
      View Details
    • Value Estimation
      $1,745,000
      51,814 SF

      1675 Villa St

      HOMES (RETIRED, NURSING) • 51,814 SF
      1675 Villa St, Phoenix, AZ 85006-4435
      View Details

    Similar Nearby for Sale

    • $325,000

      Phoenix Multifamily Investment Opportunity

      Multifamily property for sale in Phoenix, Arizona.
      2230 E Taylor St, Phoenix, AZ 85006
      View Details
    • $780,000

      Renovated Phoenix Multifamily Short-Term Rental

      Comprehensively renovated 4-unit short-term rental in prime Phoenix location.
      322 N 11Th Pl, Phoenix, AZ 85006
      View Details
    • $539,999

      Remodeled Home with Detached Casita

      Remodeled 3-bedroom home with a separate 1-bedroom casita.
      2047 E Virginia Ave, Phoenix, AZ 85006
      View Details
    • New
      $772,000

      Phoenix Multifamily Investment Opportunity

      Value-add multifamily property in a strong Phoenix rental submarket.
      1318 E Culver St, Phoenix, AZ 85006
      View Details
    • New
      $150,000
      0.06 Acres

      Phoenix Land Near Roosevelt Row

      Land in the Garfield Historic District, close to Roosevelt Row.
      909 N 10Th St, Phoenix, AZ 85006
      View Details
    • $695,000
      2,691 SF

      Versatile Commercial Property with Yard

      Two buildings with yard space suitable for various commercial uses.
      2144 E Roosevelt St, Phoenix, AZ 85006
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      43,963 SF

      Phoenix Warehouse with Office Space

      43,963 SF warehouse with 15,000 SF office space.
      801 S 16Th St, Phoenix, AZ 85006
      View Details
    • $12 SF/Yr

      Retail Space on McDowell Road

      Retail space available with frontage on McDowell Road.
      1701 East Mcdowell Rd, Phoenix, AZ 85006
      View Details
    • $1,250 /Mo
      12,692 SF

      Phoenix Retail Space For Lease

      Retail spaces available for lease in Phoenix, Arizona.
      1710 N 16Th St, Phoenix, AZ 85006
      View Details
    • Contact for pricing
      31,739 SF

      Phoenix Warehouse with Secured Yard

      31,739 SF warehouse with secured yard near downtown Phoenix.
      2250 S 7Th St, Phoenix, AZ 85006
      View Details
    • Contact for pricing

      McDowell Medical Center Office Space

      Medical office space near Banner University Medical Center.
      1010 E Mcdowell Rd, Phoenix, AZ 85006
      View Details
    • $12 SF/Yr
      4,957 SF

      Retail Space on McDowell Road

      Retail space with frontage on McDowell Road in Phoenix, Arizona.
      1717 E Mcdowell Rd, Phoenix, AZ 85006
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    901 Willetta St
    Phoenix, AZ 85006-2727
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!