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15801 N 19th Pl - North Phoenix Behavioral Health Opportunity 2,588 SF Health Care Building Offered at $1,400,000 at a 10.76% Cap Rate in Phoenix, AZ 85022



Executive Summary
Situated in a well-established North Phoenix neighborhood, this property offers a compelling value-add and redevelopment opportunity for behavioral health, assisted living, or other residential care uses. The asset is currently non-operational, providing a blank slate for renovation, reconfiguration, and strategic repositioning by a qualified operator or investor.
The property is licensed for residential assisted living, with a behavioral health license pending. This positioning presents a unique opportunity for operators seeking to expand or establish a presence in the growing healthcare services sector. The offering is well-suited for behavioral health providers, assisted living operators, and value-add investors or owner-users pursuing a healthcare-oriented conversion.
All financial information is presented on a pro forma basis for illustrative purposes only. The property currently generates no operating income. Actual performance will vary based on licensing outcomes, operator execution, program model, and final use. Prospective buyers are encouraged to conduct independent due diligence regarding licensing feasibility, renovation requirements, and operational assumptions.
The property is licensed for residential assisted living, with a behavioral health license pending. This positioning presents a unique opportunity for operators seeking to expand or establish a presence in the growing healthcare services sector. The offering is well-suited for behavioral health providers, assisted living operators, and value-add investors or owner-users pursuing a healthcare-oriented conversion.
All financial information is presented on a pro forma basis for illustrative purposes only. The property currently generates no operating income. Actual performance will vary based on licensing outcomes, operator execution, program model, and final use. Prospective buyers are encouraged to conduct independent due diligence regarding licensing feasibility, renovation requirements, and operational assumptions.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$540,000
|
$208.66
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$27,000
|
$10.43
|
| Effective Gross Income |
$513,000
|
$198.22
|
| Taxes |
$2,351
|
$0.91
|
| Operating Expenses |
$360,000
|
$139.10
|
| Total Expenses |
$362,351
|
$140.01
|
| Net Operating Income |
$150,649
|
$58.21
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $540,000 |
| Annual Per SF | $208.66 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $27,000 |
| Annual Per SF | $10.43 |
| Effective Gross Income | |
|---|---|
| Annual | $513,000 |
| Annual Per SF | $198.22 |
| Taxes | |
|---|---|
| Annual | $2,351 |
| Annual Per SF | $0.91 |
| Operating Expenses | |
|---|---|
| Annual | $360,000 |
| Annual Per SF | $139.10 |
| Total Expenses | |
|---|---|
| Annual | $362,351 |
| Annual Per SF | $140.01 |
| Net Operating Income | |
|---|---|
| Annual | $150,649 |
| Annual Per SF | $58.21 |
Property Facts
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
20/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 214-19-172 | Total Assessment | $32,924 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $2,351 ($0.91/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
214-19-172
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$32,924 (2025)
Annual Taxes
$2,351 ($0.91/SF)
Tax Year
2026
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15801 N 19th Pl - North Phoenix Behavioral Health Opportunity
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