Property profile

1338 Lobo Ave 3 Mesa, AZ 85202

OFF-MARKET
Assisted living facilities
Property ID
US07-0281378
3,130 SF 0.2 ac lot Built 1978
Entity Owned ~ Est. High Equity
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Nursing Home Retirement Community

Location

1338 Lobo Ave, Unit 3 Mesa, AZ 85202-6651
Mesa metro Census 422222 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2025
Last sale
$575,000
7 recorded transactions
2025
$575,000
2018
$390,333
2017
Price N/A
2016
$275,000
2013
$312,000
2013
Price N/A
2013
Price N/A

Zoning & alternative use

RS-6 · Mesa, AZ
Zoning description

Where the rear lot line of a lot in the RS-7 or RS-6 District directly abuts the right-of-way of an arterial street: i. The minimum lot depth shall be increased by an additional 10 feet; except: ii. Rear lot lines separa…

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Retail stores $820,000 +45.4%
Medical building $820,000 +45.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1338 Lobo Ave, Unit 3?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message