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Property profile & analytics
OFF-MARKET
Estimated value
$1,495,000
Assisted living facilities
12202 68th Pl, Scottsdale, AZ 85254-5382
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-1599098
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1977
Construction
CONCRETE BLOCKS
Total area
5,768 SF
Lot
0.84 ac (36,796 SF)
Zoning code
RE-35
APN
175-68-052
UPID
US07-1599098
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
Current use
Occupant on record · Public records
-
Scottsdale Palms Assisted Living LLC Nursing Home Retirement Community
-
Scottsdale Palms Assisted Living Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.50M
Owner & transaction history
12202 N 68th Place LLC · 5 yrs held
12202 N 68th Place LLC
since 2020
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
RE-35 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.4M
+96.4%
Medical building
$2.0M
+66.5%
Office building
$1.7M
+37.5%
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 Scottsdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Scottsdale 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
Method
Estimation
Statistic approach
$1,490,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$1,210,000
Current use
AUTO REPAIR, GARAGE
$2,375,000
Change: +96% · Conversion: Difficult
MEDICAL BUILDING
$2,015,000
Change: +67% · Conversion: Difficult
OFFICE BUILDING
$1,665,000
Change: +37% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,250,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$1.50M
Range $1.35M – $1.64M · ±10% · vs last sale $1.50M (Sep 24 2020)
Last sale anchor
$1.50M
Sep 24 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$259 / SF
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 2023Property tax & assessments
Tax year 2023
Tax billed
$8,721
Tax year 2023
Assessed value
$151,400
Assessed 2024
Previous assessed
$121,180
+24.9% YoY
Effective rate
5.76%
On assessed value
Land market value
$302,800
Improvement market value
$1,211,200
Total market value
$1,514,000
Applied tax rate
691,300.0000
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
1977
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Rooms
10
Bathrooms
3
Total area
5,768 SF
Lot
0.84 ac (36,796 SF)
Zoning code
RE-35
APN
175-68-052
UPID
US07-1599098
Jurisdiction
MARICOPA
Zoning & alternative use
RE-35 · Scottsdale, AZ
Zoning RE-35 · permitted uses
RE-35 · Scottsdale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Scottsdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1977
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Rooms
10
Bathrooms
3
Lot
0.84 ac
Current owner
From public records · entity-resolved
12202 N 68th Place LLC
Entity
Mailing address
3532 E SQUAWBUSH PL, PHOENIX, AZ 85044-7000
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
26 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2020
$1,500,000
12202 N 68th Place LLC
Royal Palms Assisted Living LLC
Warranty Deed
$1,402,000 · America First FCU
Sep 24, 2020
—
Royal Palms Assisted Living Ll
Simona Torneanu
Quit Claim Deed
related
—
Oct 19, 2018
—
Royal Palms Assisted Living Ll
Torneanu,peter
Quit Claim Deed
related
—
Sep 27, 2018
—
Peter Torneanu
Royal Palms Assisted Living Ll
Quit Claim Deed
related
—
May 25, 2016
—
Royal Palms Assisted Living Ll
Aas Investments LLC
Quit Claim Deed
related
—
May 30, 2013
—
Aas Investments LLC
Shalomov,arthur
Warranty Deed
—
Mar 8, 2013
$490,000
Arthur Shalomov
Raphael S Bangiyev
Warranty Deed
$398,909 · Midfirst Bank
Oct 31, 2006
—
Raphael Bangiyev
Inna Arzumanova
Intrafamily Transfer
related
$840,000 · American Financial Resources INC
Oct 3, 2005
$900,000
Raphael S Bangiyev
Lia Goja
Warranty Deed
$720,000 · New Century Mortgage Corp
Sep 7, 2004
—
Lia Goja
Goja,martha
Quit Claim Deed
related
$367,200 · Downey S & L (wholesale)
Jul 28, 2004
—
Martha Goja
Goja,martha
Quit Claim Deed
related
—
Mar 9, 2004
$385,000
Martha Goja
Farricielli,christina M
Grant Deed
$308,000 · First Source Financial USA
Apr 1, 2003
$346,000
Christina M Farricielli
Popish,michael D & Marilyn F
Grant Deed
$328,700 · First National Bank Arizona
Jun 28, 2000
$275,000
Michael D Popish
Williamson,richard J & Geneva
Grant Deed
$195,000 · Bank Of America
Sep 3, 1992
$130,000
Richard J Williamson
Billanti
Grant Deed
$104,000 · Primerit Bank
Jul 16, 1992
$130,326
Joseph Billanti
Brooks
Trustees Deed
—
Feb 27, 1990
$145,000
Ella L Brooks
Billanti
Grant Deed
$120,000 · Seller
—
—
Aas Investments LLC
—
Deed Of Trust
related
$80,000 · Ertefai Hamid R Tr #two (pt)
—
—
Michael D Popish
—
Deed Of Trust
related
$50,000 · Chase Manhattan Bank USA NA
—
—
Raphael S Bangiyev
—
Deed Of Trust
related
$916,879 · America's Servicing Co
—
—
Richard J Williamson
—
Deed Of Trust
related
$131,000 · Washington Mutual Fsb
—
—
Lia Goja
—
Deed Of Trust
related
$60,000 · Bank Of America
—
—
Geneva Williamson
—
Deed Of Trust
related
$20,000 · Valley National Bank Arizona
—
—
Geneva Williamson
—
Deed Of Trust
related
$28,300 · Bank One Arizona
—
—
Michel D Popish
—
Deed Of Trust
related
$233,000 · Advantage Mortgage Group
—
—
Michael D Popish
—
Deed Of Trust
related
$50,000 · Wells Fargo Bank West NA
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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