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Property profile & analytics
OFF-MARKET
Assisted living facilities
1411 Michelle Dr Phoenix, AZ 85023-1437
Individually Owned
15-yr Hold
~
Est. High Equity
Property ID
US07-3221801
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1994
Construction
FRAME
Total area
1,710 SF
Lot
0.14 ac (5,888 SF)
Zoning code
R1-6
APN
208-03-450
UPID
US07-3221801
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
Petruta R Silvas · 15 yrs held
Petruta R Silvas
since 2010
7 recorded transactions
Zoning & alternative use
R1-6 · Phoenix, 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 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
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
$1,771
Tax year 2023
Assessed value
$38,000
Assessed 2024
Previous assessed
$32,280
+17.7% YoY
Effective rate
4.66%
On assessed value
Land market value
$76,000
Improvement market value
$304,000
Total market value
$380,000
Applied tax rate
971,300.0000
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
1994
Construction
FRAME
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Rooms
7
Bathrooms
3
Total area
1,710 SF
Lot
0.14 ac (5,888 SF)
Zoning code
R1-6
APN
208-03-450
UPID
US07-3221801
Jurisdiction
MARICOPA
Zoning & alternative use
R1-6 · Phoenix, AZ
Zoning R1-6 · permitted uses
R1-6 · 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.
Building & site characteristics
From public records
Year built
1994
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Rooms
7
Bathrooms
3
Lot
0.14 ac
Current owner
From public records · entity-resolved
Petruta R Silvas
Individual
Mailing address
1411 W MICHELLE DR, PHOENIX, AZ 85023-1437
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2010
$133,000
Petruta R Silvas
Federal Hm Ln Mtg Corp
Grant Deed
$106,400 · Vip Mortgage LLC
Apr 13, 2010
—
Federal Hm Ln Mtg Corp
Bac Home Loans Servicing LP
Grant Deed
—
Apr 13, 2010
$135,700
Bac Home Loans Servicing LP
Recontrust Co NA
Trustees Deed
related
—
Feb 1, 2007
$285,000
Gary W Miller
Touchstone Home Buyers LLC
Warranty Deed
—
Aug 17, 2006
$251,000
Touchstone Home Buyers LLC
Walker,martin D
Warranty Deed
$236,000 · Desert Hills Bank
Feb 1, 2002
$149,900
Martin D Walker
Mekjian,manuel & Bayzar
Grant Deed
$147,811 · National City Mortgage Co
Nov 25, 1997
$69,850
Douglas J Meyer
Stone Development L L C
Grant Deed
—
Apr 5, 1994
—
Shea Homes Az LP
Shea Homes LP
Quit Claim Deed
related
—
Apr 5, 1994
$93,576
Mekjian,manuel & Bayzar
Shea Homes Az LP
Trustees Deed
$63,550 · Banc One Mortgage Corp
—
—
Manuel Mekjian
—
Deed Of Trust
related
$25,001 · Bank One NA
—
—
Douglas J Meyer
—
Deed Of Trust
related
$245,700 · First Indiana Bank
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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