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Property profile & analytics
OFF-MARKET
Assisted living facilities
1255 Rialto 124, Mesa, AZ 85209-3782
Individually Owned
7-yr Hold
Property ID
US07-0537635
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2009
Construction
FRAME
Total area
1,535 SF
Lot
0.02 ac (780 SF)
Zoning code
RM-2
APN
220-86-321
UPID
US07-0537635
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
-
Studio Flo Recording Studio
-
Moore Social Media Management Advertising Agency Marketing & Advertising
-
Lights Out Exterminating Garden Center
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
Jacob R Larsen · 7 yrs held
Jacob R Larsen
since 2019
6 recorded transactions
Zoning & alternative use
RM-2 · 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 2023Property tax & assessments
Tax year 2023
Tax billed
$881
Tax year 2023
Assessed value
$31,870
Assessed 2024
Previous assessed
$25,110
+26.9% YoY
Effective rate
2.76%
On assessed value
Land market value
$63,700
Improvement market value
$255,000
Total market value
$318,700
Applied tax rate
41,012.0000
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
2009
Construction
FRAME
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Bathrooms
3
Total area
1,535 SF
Lot
0.02 ac (780 SF)
Zoning code
RM-2
APN
220-86-321
UPID
US07-0537635
Jurisdiction
MARICOPA
Zoning & alternative use
RM-2 · Mesa, AZ
Zoning RM-2 · permitted uses
RM-2 · 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
2009
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.02 ac
Current owner
From public records · entity-resolved
Jacob R Larsen
Individual
Mailing address
1255 S RIALTO UNIT #124, MESA, AZ 85209-3782
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2019
$218,500
Jacob R Larsen
Jina Grim
Warranty Deed
$214,541 · Fairway Independent Mortgage Corp
Apr 30, 2014
$153,000
Jina Grim
Rialto House LLC
Warranty Deed
$145,350 · Amerifirst Financial INC
Aug 13, 2010
—
Rialto House LLC
Kinsel Robin & Randy Trust
Grant Deed
—
Mar 31, 2010
—
Kinsel Randy & Robin Trust
Kinsel,randy & Robin A
Quit Claim Deed
related
—
Oct 15, 2009
$168,218
Randy Kinsel
Kb Home Sales Phoenix INC
Warranty Deed
—
Oct 15, 2009
—
Kb Home Sales-phoenix INC
Kb Home Phoenix INC
Quit Claim Deed
related
—
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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