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Property profile & analytics
OFF-MARKET
Estimated value
$19,135,000
Assisted living facilities
155 Brown Rd Mesa, AZ 85201-3427
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-1369625
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1979
Construction
CONCRETE
Total area
5,204 SF
Lot
3.09 ac (134,557 SF)
Zoning code
RM-4
APN
137-20-013C
UPID
US07-1369625
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
-
Colorado Springs, CO Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.14M
Owner & transaction history
Christian Care Mesa II Spe LLC · 4 yrs held
Christian Care Mesa II Spe LLC
since 2022
Last sale
$19.0M
7 recorded transactions
Zoning & alternative use
RM-4 · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
o other sections of the Zoning Ordinance, while individual letters refer to subsections that directly follow the table. Table 11-5-5: Development Standards - RM Residential Multiple Dwelling Districts Standard RM-2 RM-3 RM-4 RM-5 Additional Standards Minimum Lot Area (sq. ft.) 7,200 6,000 6,000 6,000 Minimum Lot Width (ft.) Single Residence - Detached 36 30…
Zone name
Residential Multiple Dwelling 4
General category
MIXED_USE
Zone area
4,406.34 ac
Source
code of ordinances
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
$19,405,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$19.14M
Range $17.22M – $21.05M · ±10% · vs last sale $19.00M (Jan 12 2022)
Last sale anchor
$19.00M
Jan 12 2022
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
$3,677 / 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
Assessed value
$2,835,720
Assessed 2024
Previous assessed
$1,734,480
+63.5% YoY
Land market value
$2,291,000
Improvement market value
$16,613,800
Total market value
$18,904,800
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
1979
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
13
Stories
2
Total area
5,204 SF
Lot
3.09 ac (134,557 SF)
Zoning code
RM-4
APN
137-20-013C
UPID
US07-1369625
Jurisdiction
MARICOPA
Zoning & alternative use
RM-4 · Mesa, AZZoning RM-4 · permitted uses
RM-4 · Mesa, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
o other sections of the Zoning Ordinance, while individual letters refer to subsections that directly follow the table. Table 11-5-5: Development Standards - RM Residential Multiple Dwelling Districts Standard RM-2 RM-3 RM-4 RM-5 Additional Standards Minimum Lot Area (sq. ft.) 7,200 6,000 6,000 6,000 Minimum Lot Width (ft.) Single Residence - Detached 36 30 25 - Single Residence - Attached 36 25 25 25 Multiple Residence 60 60 60 60 Minimum
Zone name
Residential Multiple Dwelling 4
General category
MIXED_USE
Zone area
4,406.34 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1979
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
13
Lot
3.09 ac
Current owner
From public records · entity-resolved
Christian Care Mesa II Spe LLC
Entity
Mailing address
2002 W SUNNYSIDE AVE OFC, PHOENIX, AZ 85029-3597
Ownership since
2022
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
Jan 12, 2022
—
Christian Care Mesa II Spe LLC
Christian Care Mesa II INC
Intrafamily Transfer
related
$8,303,000 · Berkadia Commercial Mortgage LLC
Mar 1, 2004
$19,000,000
Christian Care Mesa II INC
Paprc LLC
Grant Deed
—
Mar 2, 1998
$10,000,000
Paprc LLC
Arizona Retirement Vllg LP
Grant Deed
$20,193,750 · Key Bank NA
May 25, 1994
$5,250,000
Pines Retirement Apar Whispering
Hohokam Village
Grant Deed
$9,450,000 · Seller
Nov 27, 1987
—
Ho Kam Villag Ho
—
Deed Of Trust
related
—
—
—
Christian Care Mesa II INC
—
Deed Of Trust
related
$400,000 · Mutual Of Omaha Bank
—
—
Christian Care Mesa II INC
—
Deed Of Trust
related
$400,000 · Mutual Of Omaha 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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