Log In/Sign Up
Your email has been sent.
4529 N 28th Pl 5,939 SF Health Care Building Offered at $4,000,000 at a 14.40% Cap Rate in Phoenix, AZ 85016
Investment Highlights
- Newly built assisted living facility with 13 licensed beds.
- Convenient access to Phoenix Sky Harbor International Airport within 15 minutes.
- Modern construction designed for senior housing operations.
- Two-story design with wheelchair accessibility throughout.
- Situated on a 0.32-acre parcel in a well-established residential neighborhood.
Executive Summary
This newly constructed assisted living property in Phoenix’s Biltmore area offers a rare investment opportunity in a high-demand senior housing market. Designed as a luxury care facility, the property features 13 licensed beds within a thoughtfully planned two-story layout. The building spans nearly 6,000 square feet on a 0.32-acre parcel, providing a modern, fully accessible environment for residents.
Located in an A+ neighborhood, the property benefits from proximity to major healthcare systems, retail amenities, and Phoenix Sky Harbor International Airport, just 15 minutes away. The Biltmore district is known for its strong demographics and established residential base, ensuring consistent demand for senior care services. With new construction and a design tailored for assisted living, this asset positions investors for long-term stability and attractive returns.
Located in an A+ neighborhood, the property benefits from proximity to major healthcare systems, retail amenities, and Phoenix Sky Harbor International Airport, just 15 minutes away. The Biltmore district is known for its strong demographics and established residential base, ensuring consistent demand for senior care services. With new construction and a design tailored for assisted living, this asset positions investors for long-term stability and attractive returns.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$960,000
|
$161.64
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$48,000
|
$8.08
|
| Effective Gross Income |
$912,000
|
$153.56
|
| Taxes |
$5,264
|
$0.89
|
| Operating Expenses |
$384,000
|
$64.66
|
| Total Expenses |
$389,264
|
$65.54
|
| Net Operating Income |
$522,736
|
$88.02
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $960,000 |
| Annual Per SF | $161.64 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $48,000 |
| Annual Per SF | $8.08 |
| Effective Gross Income | |
|---|---|
| Annual | $912,000 |
| Annual Per SF | $153.56 |
| Taxes | |
|---|---|
| Annual | $5,264 |
| Annual Per SF | $0.89 |
| Operating Expenses | |
|---|---|
| Annual | $384,000 |
| Annual Per SF | $64.66 |
| Total Expenses | |
|---|---|
| Annual | $389,264 |
| Annual Per SF | $65.54 |
| Net Operating Income | |
|---|---|
| Annual | $522,736 |
| Annual Per SF | $88.02 |
Property Facts
| Price | $4,000,000 | Building Class | B |
| Price Per Bed | $400,000 | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 5,939 SF |
| Cap Rate | 14.40% | No. Beds | 10 |
| Property Type | Health Care | No. Stories | 2 |
| Property Subtype | Assisted Living | Year Built | 2026 |
| Zoning | Residential - Residential | ||
| Price | $4,000,000 |
| Price Per Bed | $400,000 |
| Sale Type | Investment |
| Cap Rate | 14.40% |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | B |
| Lot Size | 0.32 AC |
| Building Size | 5,939 SF |
| No. Beds | 10 |
| No. Stories | 2 |
| Year Built | 2026 |
| Zoning | Residential - Residential |
Amenities
- Wheelchair Accessible
Room Mix Information
| Description | No. Beds |
|---|---|
| - | 10 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 163-09-006 | Total Assessment | $30,481 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $5,264 ($0.89/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
163-09-006
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$30,481 (2025)
Annual Taxes
$5,264 ($0.89/SF)
Tax Year
2026
1 of 15
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
4529 N 28th Pl
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.