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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Assisted living facilities
1338 Lobo Ave 3, Mesa, AZ 85202-6651
Entity Owned
~
Est. High Equity
Property ID
US07-0281378
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1978
Construction
CONCRETE BLOCKS
Total area
3,130 SF
Lot
0.2 ac (8,721 SF)
Zoning code
RS-6
APN
305-07-160
UPID
US07-0281378
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
-
Loyal Care Assisted Living LLC Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$487k
Blend (final)
Blend
$530k
Owner & transaction history
Seekwell LLC
Seekwell LLC
since 2025
Last sale
$575,000
7 recorded transactions
Zoning & alternative use
RS-6 · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$820,000
+45.4%
Medical building
$820,000
+45.3%
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
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)
$565,000
Current use
RETAIL STORES
$820,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$820,000
Change: +45% · Conversion: Difficult
OFFICE BUILDING
$540,000
Change: -4% · Conversion: Difficult
WAREHOUSE, STORAGE
$530,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $575k (Dec 17 2025)
Last sale anchor
$575k
Dec 17 2025
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
$169 / 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
$2,528
Tax year 2023
Assessed value
$53,510
Assessed 2024
Previous assessed
$46,460
+15.2% YoY
Effective rate
4.72%
On assessed value
Land market value
$107,000
Improvement market value
$428,100
Total market value
$535,100
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
1978
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Rooms
9
Bathrooms
3
Total area
3,130 SF
Lot
0.2 ac (8,721 SF)
Zoning code
RS-6
APN
305-07-160
UPID
US07-0281378
Jurisdiction
MARICOPA
Zoning & alternative use
RS-6 · Mesa, AZ
Zoning RS-6 · permitted uses
RS-6 · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$565,000
RETAIL STORES
Est. value
$820,000
MEDICAL BUILDING
Est. value
$820,000
OFFICE BUILDING
Est. value
$540,000
WAREHOUSE, STORAGE
Est. value
$530,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1978
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Rooms
9
Bathrooms
3
Lot
0.2 ac
Current owner
From public records · entity-resolved
Seekwell LLC
Entity
Mailing address
2717 N STEVES BLVD STE 2-1, FLAGSTAFF, AZ 86004-3958
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2025
$575,000
Seekwell LLC
Mesa Rentals LLC
Warranty Deed
$475,000 · Mesa Rentals LLC
May 10, 2018
$390,333
Mesa Rentals LLC
Mor Holdings LLC
Warranty Deed
$80,000 · Bell Rock Income Fund 1 LLC
Feb 7, 2017
—
Mor Holdings LLC
Loyal Care Assisted Living LLC
Warranty Deed
$277,000 · First International Bank & Trust
Jul 29, 2016
$275,000
Loyal Care Assisted Living
Bhatia,ben
Warranty Deed
$275,000 · Boomerang Residential 2 LLC
Oct 23, 2013
$312,000
Ben Bhatia
Lorimer,laura M
Warranty Deed
$218,400 · Devendra & Vidushi Soni
Oct 14, 2013
—
Laura M Lorimer
Lorimer,monique
Quit Claim Deed
related
—
Jan 24, 2013
—
Monique Lorimer
Lorimer,laura M
Quit Claim Deed
related
—
Jul 29, 2005
—
Allan F Dailey
Dailey,sylvia N
Quit Claim Deed
related
—
Apr 13, 2000
—
Vasile Pantriru
Pantiru,vasile
Quit Claim Deed
related
—
Apr 11, 2000
$180,000
Vasile Pantiru
Mardare,camelia
Grant Deed
$171,000 · Bank United
Jul 2, 1999
—
Camelia Mardare
Mardare,camelia & Calin
Quit Claim Deed
related
—
May 6, 1999
—
Camelia Mardare
Mardare,camelia & Calin
Quit Claim Deed
related
—
Dec 7, 1995
$150,000
Camelia Mardare
Bertrand F & Line Cambou
Grant Deed
$142,500 · Brokers Financial
Jan 18, 1991
$135,000
Cambou Bertrand
Ng
Grant Deed
$121,500 · Fleet Mortgage Corp
Jul 10, 1987
$132,500
Yat Hung Ng
Davis
Grant Deed
—
—
—
Bhatia,ben
—
Deed Of Trust
related
$120,000 · Cashcall
—
—
Camelia Mardare
—
Deed Of Trust
related
$46,844 · Bank One 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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