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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Assisted living facilities
15222 66th Dr, Glendale, AZ 85306-3118
Entity Owned
22-yr Hold
Property ID
US07-0377457
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1998
Construction
FRAME
Total area
1,960 SF
Lot
0.14 ac (6,260 SF)
Zoning code
R1-4
APN
231-09-339
UPID
US07-0377457
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
$506k
Blend (final)
Blend
$510k
Owner & transaction history
Cimpa Partners LLC · 22 yrs held
Cimpa Partners LLC
since 2003
5 recorded transactions
Zoning & alternative use
R1-4 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$625,000
+21.8%
Commercial (general)
$600,000
+16.6%
Neighborhood: shopping center
$565,000
+9.9%
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 Glendale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glendale 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)
$515,000
Current use
OFFICE BUILDING
$625,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$600,000
Change: +17% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$565,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$520,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$440,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±10%
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
$260 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$1,656
Tax year 2022
Assessed value
$37,050
Assessed 2024
Previous assessed
$31,850
+16.3% YoY
Effective rate
4.47%
On assessed value
Land market value
$74,100
Improvement market value
$296,400
Total market value
$370,500
Applied tax rate
110,700.0000
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
1998
Construction
FRAME
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Rooms
7
Bathrooms
2
Total area
1,960 SF
Lot
0.14 ac (6,260 SF)
Zoning code
R1-4
APN
231-09-339
UPID
US07-0377457
Jurisdiction
MARICOPA
Zoning & alternative use
R1-4 · Glendale, AZ
Zoning R1-4 · permitted uses
R1-4 · Glendale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glendale. 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
$515,000
OFFICE BUILDING
Est. value
$625,000
COMMERCIAL (GENERAL)
Est. value
$600,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$565,000
RETAIL STORES
Est. value
$520,000
MEDICAL BUILDING
Est. value
$440,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
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
1998
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Rooms
7
Bathrooms
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Cimpa Partners LLC
Entity
Mailing address
2799 E TROPICANA AVE, LAS VEGAS, NV 89121-7305
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2003
—
Cimpa Partners LLC
Chettiath,cyriac M & Philomina C
Quit Claim Deed
related
—
Jul 16, 1999
$132,900
Cyriac C Mathew
Watkins,herbert N
Grant Deed
$86,385 · Bank Of America Fsb
Sep 10, 1998
$119,450
Watkins,herbert N
Becker Homes INC
Trustees Deed
$115,202 · Western Sunrise Mortgage Corp
Sep 10, 1998
—
Becker Homes INC
La Villita Developments INC
Trustees Deed
related
—
—
—
Cyriac C Mathew
—
Deed Of Trust
related
$77,590 · Bank Of America
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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