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Property profile & analytics
OFF-MARKET
Assisted living facilities
1351 Vine Ave, Mesa, AZ 85202-2017
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US07-3467072
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1960
Construction
CONCRETE BLOCKS
Total area
2,320 SF
Lot
0.16 ac (7,174 SF)
Zoning code
RS-6
APN
134-50-026
UPID
US07-3467072
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Thanks & Praise LLC · 13 yrs held
Thanks & Praise LLC
since 2013
7 recorded transactions
Zoning & alternative use
RS-6 · 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
$1,225
Tax year 2023
Assessed value
$39,130
Assessed 2024
Previous assessed
$35,110
+11.4% YoY
Effective rate
3.13%
On assessed value
Land market value
$78,200
Improvement market value
$313,100
Total market value
$391,300
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
1960
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Rooms
7
Bathrooms
2
Total area
2,320 SF
Lot
0.16 ac (7,174 SF)
Zoning code
RS-6
APN
134-50-026
UPID
US07-3467072
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.
Building & site characteristics
From public records
Year built
1960
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Rooms
7
Bathrooms
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Thanks & Praise LLC
Entity
Mailing address
137 E ELLIOT RD UNIT #1023, GILBERT, AZ 85299-6749
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2018
—
Thanks & Praise LLC
—
Grant Deed
related
$2,855,987 · Ks St Bk
Jun 18, 2013
—
Thanks & Praise LLC
Summit Wholesale LLC
Grant Deed
—
Mar 8, 2013
$105,000
Summit Wholesale LLC
Bank Of New York Mel 2006-11
Grant Deed
—
Dec 11, 2012
$146,095
Bank Of New York Mellon 2006-11
Cowles David W
Trustees Deed
related
—
May 4, 2010
—
Dolores Leon
Morales,francisco X
Grant Deed
related
$6,000 · Francisco Morales
May 14, 2009
—
Dawn S Timberlake
Leon,dolores L
Quit Claim Deed
related
—
Aug 29, 2003
—
Dolores L Leon
Leon,dolores L
Quit Claim Deed
related
$80,000 · Argent Mortgage Co LLC
—
—
Summit Wholesale LLC
—
Deed Of Trust
related
$150,000 · Freebird Holdings LLC
—
—
Francisco X Morales
—
Deed Of Trust
related
$132,000 · Countrywide Home Loans INC
—
—
Dolores L Leon
—
Deed Of Trust
related
$104,000 · Intervale Mortgage Corp
—
—
Dolores Leon
—
Deed Of Trust
related
$14,357 · Meridian On Sand Key Ltd
—
—
Thanks & Praise LLC
—
Loan Modification
related
$1,655,000 · Unison Bk
—
—
Dolores L Leon
—
Deed Of Trust
related
$48,750 · Equicredit Corp Arizona
—
—
Dolores L Leon
—
Deed Of Trust
related
$35,000 · Equity Lending Group
—
—
Thanks & Praise LLC
—
Loan Modification
related
$1,655,000 · Unison Bk
—
—
Dolores Leon
—
Deed Of Trust
related
$3,500 · Meridian On Sand Key Ltd
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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