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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Assisted living facilities
1306 Weldon Ave, Phoenix, AZ 85013-3626
Entity Owned
8-yr Hold
Free & Clear
Property ID
US07-0982021
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1950
Construction
CONCRETE
Total area
2,340 SF
Lot
0.19 ac (8,460 SF)
Zoning code
R-4
APN
110-14-019
UPID
US07-0982021
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
$766k
Blend (final)
Blend
$765k
Owner & transaction history
Crossroads Midtown INC · 8 yrs held
Crossroads Midtown INC
since 2017
4 recorded transactions
Zoning & alternative use
R-4 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$990,000
+86.5%
Retail stores
$695,000
+31.5%
Medical building
$620,000
+17.2%
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 Phoenix submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phoenix 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
by Request
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)
$530,000
Current use
AUTO REPAIR, GARAGE
$990,000
Change: +87% · Conversion: Difficult
RETAIL STORES
$695,000
Change: +32% · Conversion: Difficult
MEDICAL BUILDING
$620,000
Change: +17% · Conversion: Difficult
WAREHOUSE, STORAGE
$605,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$600,000
Change: +13% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$595,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$765k
Range $689k – $842k · ±10%
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
$327 / 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
Assessed value
$73,125
Assessed 2024
Previous assessed
$57,630
+26.9% YoY
Land market value
$211,100
Improvement market value
$276,400
Total market value
$487,500
Applied tax rate
81,300.0000
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
1950
Construction
CONCRETE
Heating
FLOOR/WALL FURNACE
Stories
1
Units
2
Total area
2,340 SF
Lot
0.19 ac (8,460 SF)
Zoning code
R-4
APN
110-14-019
UPID
US07-0982021
Jurisdiction
MARICOPA
Zoning & alternative use
R-4 · Phoenix, AZ
Zoning R-4 · permitted uses
R-4 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phoenix. 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
$530,000
AUTO REPAIR, GARAGE
Est. value
$990,000
RETAIL STORES
Est. value
$695,000
MEDICAL BUILDING
Est. value
$620,000
WAREHOUSE, STORAGE
Est. value
$605,000
OFFICE BUILDING
Est. value
$600,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$595,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1950
Construction
CONCRETE
Heating
FLOOR/WALL FURNACE
Stories
1
Units
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
Crossroads Midtown INC
Entity
Free & Clear · 8 yrs held
Mailing address
4201 N 16TH ST STE #110, PHOENIX, AZ 85016-5357
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2017
—
Crossroads Midtown INC
Crossroads INC
Quit Claim Deed
related
—
Aug 23, 1993
—
Federal Home Loan Mortgage Corp
Wells Fargo Bank
Grant Deed
related
—
May 14, 1993
$65,013
Wells Fargo Bank
Bettner
Trustees Deed
related
—
—
—
Donald R Bettner
—
Deed Of Trust
related
$16,750 · Unified Mortgage
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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