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Property profile & analytics
OFF-MARKET
Assisted living facilities
1024 Rdg Cir, Mesa, AZ 85203-5129
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US07-0083388
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1963
Construction
CONCRETE BLOCKS
Total area
2,464 SF
Lot
0.34 ac (14,601 SF)
Zoning code
RS-9
APN
137-38-036
UPID
US07-0083388
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1024 N Ridge Circle LLC · 7 yrs held
1024 N Ridge Circle LLC
since 2019
7 recorded transactions
Zoning & alternative use
RS-9 · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mesa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mesa submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$2,219
Tax year 2022
Assessed value
$46,130
Assessed 2024
Previous assessed
$37,360
+23.5% YoY
Effective rate
4.81%
On assessed value
Land market value
$92,200
Improvement market value
$369,100
Total market value
$461,300
Applied tax rate
41,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1963
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Rooms
7
Bathrooms
2
Total area
2,464 SF
Lot
0.34 ac (14,601 SF)
Zoning code
RS-9
APN
137-38-036
UPID
US07-0083388
Jurisdiction
MARICOPA
Zoning & alternative use
RS-9 · Mesa, AZ
Zoning RS-9 · permitted uses
RS-9 · Mesa, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mesa. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1963
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Rooms
7
Bathrooms
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
1024 N Ridge Circle LLC
Entity
Mailing address
7030 S STAR DR, GILBERT, AZ 85298-4126
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2019
—
1024 N Ridge Circle LLC
—
Deed
related
$1,895,000 · Zb NA
Apr 3, 2019
—
1024 N Ridge Circle LLC
Messer,larry D JR & Casie L
Grant Deed
—
Jun 1, 2012
$265,500
Larry D Messer JR.
Cupes,virginia
Warranty Deed
—
Jul 19, 2011
$65,000
Virginia Cupes
Us Bank NA 2006-eq1
Grant Deed
—
Sep 20, 2010
$139,400
Us Bank NA 2006-eq1
Bosco,michael A JR
Trustees Deed
related
—
Feb 20, 2003
$244,000
Ernesto Recososa
Sewell,tr
Grant Deed
$244,000 · Home Loan Center LLC
Mar 7, 2002
—
Sewell Trust
Sewell,richard E & Charlotte
Quit Claim Deed
related
—
Jan 23, 2002
—
Richard Sewell
Sewell Trust
Quit Claim Deed
related
$140,000 · First Franklin Financial Corp
Feb 25, 1999
—
Charlette Sewell
Sewell,richard E
Quit Claim Deed
related
—
May 31, 1996
$144,900
Richard E Sewell
William G & Benita Bailey
Grant Deed
—
Mar 17, 1994
—
William G Bailey
Pinska
Quit Claim Deed
related
$107,395 · American Funding Exchange
—
—
Richard Sewell
—
Deed Of Trust
related
$32,000 · Frontier Insurance Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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