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15825 N 19th Pl - North Phoenix Behavioral Health Opportunity 4,188 SF Health Care Building Offered at $1,400,000 at a 10.76% Cap Rate in Phoenix, AZ 85022

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Executive Summary

Located in a well-established North Phoenix neighborhood, this value-add / redevelopment opportunity offers strong potential for behavioral health, assisted living, or similar residential care use. The property is not currently operational, providing a blank canvas for upgrades, reconfiguration, and repositioning by a qualified operator or investor. Licensed for residential assisted living and pending license for behavioral health, making this a compelling option for behavioral health and assisted living operators, as well as value-add investors/owner-users pursuing a healthcare conversion.
All financials are pro forma estimates and projected only, and the property has no current operating income. Actual performance may vary and is dependent on licensing, operator execution, program model, and final use. Buyers should complete independent due diligence regarding licensing feasibility, renovation scope, and operational assumptions.

Financial Summary (Pro Forma - 2026)

Annual Annual Per SF
Gross Rental Income $540,000 $128.94
Other Income - -
Vacancy Loss $27,000 $6.45
Effective Gross Income $513,000 $122.49
Taxes $2,420 $0.58
Operating Expenses $360,000 $85.96
Total Expenses $362,420 $86.54
Net Operating Income $150,580 $35.96

Financial Summary (Pro Forma - 2026)

Gross Rental Income
Annual $540,000
Annual Per SF $128.94
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual $27,000
Annual Per SF $6.45
Effective Gross Income
Annual $513,000
Annual Per SF $122.49
Taxes
Annual $2,420
Annual Per SF $0.58
Operating Expenses
Annual $360,000
Annual Per SF $85.96
Total Expenses
Annual $362,420
Annual Per SF $86.54
Net Operating Income
Annual $150,580
Annual Per SF $35.96

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 Assisted Living
  • Healthcare Congregate SeniorHousing
  • Healthcare Rehabilitation Center
Building Class B
Lot Size 0.28 AC
Building Size 4,188 SF
No. Beds 10
No. Stories 1
Year Built 1980
Zoning R-10
Bike Score®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 39308881

  • Date on Market: 2/3/2026

  • Last Updated:

  • Address: 15825 N 19th Pl, Phoenix, AZ 85022

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