Share This Listing

Message

917 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

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.

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

Price $1,400,000
Price Per Bed $140,000
Sale Type Investment or Owner User
Cap Rate 10.76%
Sale Condition Business Value Included
Property Type Health Care
Property Subtype
Assisted Living
  • Healthcare Congregate SeniorHousing
  • Healthcare Rehabilitation Center
Building Class B
Lot Size 0.23 AC
Building Size 2,588 SF
No. Beds 10
No. Stories 1
Year Built 1980
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
20/100
Moderately bikeable
70/100

Property Taxes

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
  • Listing ID: 39308991

  • Date on Market: 2/3/2026

  • Last Updated:

  • Address: 15801 N 19th Pl, Phoenix, AZ 85022

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}