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Property profile & analytics
OFF-MARKET
Estimated value
$1,780,000
Assisted living facilities
152 56th St Mesa, AZ 85205-8718
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-3391909
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1974
Construction
STEEL FRAME
Total area
24,910 SF
Lot
1.8 ac (78,317 SF)
Zoning code
R-5
APN
141-77-059E
UPID
US07-3391909
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
-
Legacy Palms Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.78M
Owner & transaction history
Crown Investment Company · 2 yrs held
Crown Investment Company
since 2024
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
R-5 · Mesa, AZ
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
$1,545,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.78M
Range $1.60M – $1.96M · ±10% · vs last sale $1.90M (Feb 6 2025)
Last sale anchor
$1.90M
Feb 6 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
$71 / 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
$19,963
Tax year 2023
Assessed value
$344,249
Assessed 2024
Previous assessed
$344,249
+0.0% YoY
Effective rate
5.80%
On assessed value
Land market value
$336,700
Improvement market value
$3,105,788
Total market value
$3,442,488
Applied tax rate
40,012.0000
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
1974
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
2
Total area
24,910 SF
Lot
1.8 ac (78,317 SF)
Zoning code
R-5
APN
141-77-059E
UPID
US07-3391909
Jurisdiction
MARICOPA
Zoning & alternative use
R-5 · Mesa, AZZoning R-5 · permitted uses
R-5 · Mesa, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1974
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
3
Lot
1.8 ac
Current owner
From public records · entity-resolved
Crown Investment Company
Entity
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2024
$4,800,000
Crown Investment Company
Green Home Rentals LLC
Trustees Deed
related
—
Oct 18, 2021
$3,800,000
Green Home Rentals LLC
Copper Heights Az LLC
Special Warranty Deed
$3,250,000 · Bel 23 LLC
May 21, 2008
—
Palms Senior LLC
Willetta Cold Storage LLC
Grant Deed
$1,870,623 · Bt Dev LLC
May 15, 2007
$3,000,000
Palms Senior LLC
David Mondonedo LLC
Grant Deed
$2,437,500 · Unison Bank
Mar 3, 1997
—
Mondenedo L L C David
Emmanuel David
Quit Claim Deed
related
$1,827,500 · Gmac Commercial Mortgage Corp
Sep 17, 1992
$1,691,900
Luzviminda L Mondonedo
Cal Mesa Asc
Grant Deed
$1,420,000 · Seller
—
—
Palms Senior LLC
—
Deed Of Trust
related
$4,919,000 · Capstone Realty Advisors LLC
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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