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Property profile & analytics
OFF-MARKET
Estimated value
$945,000
Assisted living facilities
15928 Ironwood Dr Waddell, AZ 85355-2001
Entity Owned
4-yr Hold
Free & Clear
Property ID
US07-2772386
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2007
Construction
FRAME
Total area
4,702 SF
Lot
0.81 ac (35,142 SF)
Zoning code
R1-35
APN
501-46-067
UPID
US07-2772386
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
-
Elite Assisted Living Home Ii Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$947k
Blend (final)
Blend
$945k
Owner & transaction history
15928 W Ironwood Drive LLC · 4 yrs held
15928 W Ironwood Drive LLC
since 2021
6 recorded transactions
Zoning & alternative use
R1-35 · Waddell, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.5M
+33.8%
Medical building
$1.2M
+7.9%
Office building
$1.1M
+1.3%
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 Waddell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waddell 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)
$1,110,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,485,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$1,195,000
Change: +8% · Conversion: Difficult
OFFICE BUILDING
$1,125,000
Change: +1% · Conversion: Difficult
WAREHOUSE, STORAGE
$960,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±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
$201 / 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
$4,194
Tax year 2023
Assessed value
$85,750
Assessed 2024
Previous assessed
$72,420
+18.4% YoY
Effective rate
4.89%
On assessed value
Land market value
$171,500
Improvement market value
$686,000
Total market value
$857,500
Applied tax rate
890,003.0000
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
2007
Construction
FRAME
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Bathrooms
4
Total area
4,702 SF
Lot
0.81 ac (35,142 SF)
Zoning code
R1-35
APN
501-46-067
UPID
US07-2772386
Jurisdiction
MARICOPA
Zoning & alternative use
R1-35 · Waddell, AZZoning R1-35 · permitted uses
R1-35 · Waddell, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$960,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
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
2007
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.81 ac
Current owner
From public records · entity-resolved
15928 W Ironwood Drive LLC
Entity
Free & Clear · 4 yrs held
Mailing address
9537 W KEYSER DR, PEORIA, AZ 85383-2911
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2021
—
15928 W Ironwood Drive LLC
Don Derrick JR
Correction Deed
related
—
Mar 4, 2014
—
15928 W Ironwood Drive LLC
Derrick,don JR & Madelyn K
Grant Deed
—
Aug 27, 2009
$278,500
Derrick Don JR.
National City Mortgage
Grant Deed
—
Aug 19, 2008
$378,000
National City Mortgage
Bosco Michael A JR
Trustees Deed
related
—
Nov 1, 2006
—
Christopher Sienicki
Richard Brown
Intrafamily Transfer
related
—
Dec 20, 2005
$260,000
Richard Brown
Kohner Properties LLC
Special Warranty Deed
$208,000 · M & I Marshall & Ilsley 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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