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2826 E Karen Dr
Phoenix, AZ 85032 North Mountain

$11,300,000 USD

Rehabilitation Center For Sale  •  29,134 SF

Property Details

  • Property Type Rehabilitation Center
  • Total Building Size 29,134 SF
  • Lot Size 2 AC
  • Building Class B
  • Year Built 2019
  • Cap Rate 13.53 %
  • Zoning C-T
30 Transit Score
50 Walk Score

Highlights

Single-parcel configuration offers 21 townhomes plus a 10-bed assisted living home, creating streamlined acquisition and management
Limited availability of behavioral health pathways creates genuine barriers to entry, enhancing long-term investment security
Located within Metro Phoenix, one of the fastest-growing U.S. markets with a clear supply-demand gap for licensed behavioral health beds
Current income stream of over $604,000 annually provides durable returns during conversion planning
Approachable basis of approximately $108,650 per licensed bed under proposed licensure model.

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $1,528,890 USD (2026)
Cap Rate: 13.53 %
Total Expenses: $1,435,110 USD

Public Transportation

AirportDriveWalkDistance
Phoenix Sky Harbor International 26 min - 17.2 mi
Phoenix-Mesa Gateway 59 min - 44.3 mi
Cayden Piro 480-335-4474 Crawford Commercial, powered by EXP Realty
Cayden Piro 480-335-4474 Crawford Commercial, powered by EXP Realty