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    Property profile & analytics

    Mesa 85204 Mesa, AZ 85204

    • Retirement homes
    • 3,880 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retirement homes

    Property Details for 0 Mesa 85204

    Year built
    1997
    Property size
    3,880 SF
    Property type
    Retirement homes

    Description

    This exceptional Class A assisted living home, built in 1997, presents a lucrative investment opportunity. Located in Mesa, Arizona (zip code 85204), this single-story, 3,880 square foot facility is currently operating and licensed. The property features eight generously sized bedrooms, each boasting vaulted ceilings and ample natural light. Wide hallways ensure easy navigation for residents. Four bathrooms and a dedicated office space add to the functionality. A convenient beauty salon sink is integrated into the design for resident convenience. Situated on a large corner lot, this property offers excellent visibility and significant potential for expansion. There are no HOA fees. The asking price is $1,450,000, translating to $373.71 per square foot. This is a turnkey operation ideal for an investor seeking a profitable venture in the growing senior care market. The property's spacious interior and prime location in Maricopa County make it a highly desirable asset. This is a rare opportunity to acquire a well-established and profitable assisted living home in a thriving Arizona market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.797
    Latitude
    33.399

    Comparable in this City

    • Value Estimation by Request
      1,540 SF

      3530 Pueblo Ave

      HOMES (RETIRED, NURSING) • 1,540 SF
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      View Details
    • Value Estimation
      $635,000
      2,921 SF

      1820 Los Alamos

      HOMES (RETIRED, NURSING) • 2,921 SF
      1820 Los Alamos, Mesa, AZ 85204-7227
      View Details
    • Value Estimation
      $670,000
      3,706 SF

      919 Broadway Rd

      HOMES (RETIRED, NURSING) • 3,706 SF
      919 Broadway Rd, Mesa, AZ 85204-2106
      View Details
    • Value Estimation by Request
      0.43 Acres

      Mesa, AZ 85204

      HOMES (RETIRED, NURSING) • 0.43 Acres
      Mesa, AZ 85204
      View Details
    • Value Estimation by Request
      52,547 SF

      3130 Broadway Rd

      HOMES (RETIRED, NURSING) • 52,547 SF
      3130 Broadway Rd, Mesa, AZ 85204-1740
      View Details
    • Value Estimation by Request
      3,023 SF

      3228 Isabella Ave, Unit 3

      HOMES (RETIRED, NURSING) • 3,023 SF
      3228 Isabella Ave, Mesa, AZ 85204-7343
      View Details

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    Similar Nearby for Lease

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      Retail Space in Mesa, Arizona

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      Industrial Space Available For Lease

      Industrial property with 29704 square feet available for lease.
      1817 S Horne St, Mesa, AZ 85204
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    Mesa 85204
    Mesa, AZ 85204
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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