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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Assisted living facilities
1707 Citation Ln Tempe, AZ 85284-1606
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-0378516
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1977
Construction
FRAME
Total area
4,048 SF
Lot
0.89 ac (38,803 SF)
Zoning code
AG
APN
301-51-233
UPID
US07-0378516
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
-
Heaven Care Residential Nursing Home Retirement Community
-
Arko Lights Inc (Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
Ark of Life Nursing Home Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$988k
Blend (final)
Blend
$915k
Owner & transaction history
Wesley Young JR · 3 yrs held
Wesley Young JR
since 2022
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
AG · Tempe, 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 Tempe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tempe 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
$810,000
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)
$955,000
Current use
OFFICE BUILDING
$945,000
Change: -1% · Conversion: Difficult
MEDICAL BUILDING
$830,000
Change: -13% · Conversion: Difficult
WAREHOUSE, STORAGE
$780,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±10% · vs last sale $900k (Nov 4 2022)
Last sale anchor
$900k
Nov 4 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
$226 / 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
$5,983
Tax year 2023
Assessed value
$89,500
Assessed 2024
Previous assessed
$83,420
+7.3% YoY
Effective rate
6.68%
On assessed value
Land market value
$179,000
Improvement market value
$716,000
Total market value
$895,000
Applied tax rate
281,600.0000
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
1977
Construction
FRAME
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Rooms
13
Bathrooms
4
Total area
4,048 SF
Lot
0.89 ac (38,803 SF)
Zoning code
AG
APN
301-51-233
UPID
US07-0378516
Jurisdiction
MARICOPA
Zoning & alternative use
AG · Tempe, AZ
Zoning AG · permitted uses
AG · Tempe, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tempe. 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
$955,000
OFFICE BUILDING
Est. value
$945,000
MEDICAL BUILDING
Est. value
$830,000
WAREHOUSE, STORAGE
Est. value
$780,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
OFFICE BUILDING
MEDICAL 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
1977
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Rooms
13
Bathrooms
4
Lot
0.89 ac
Current owner
From public records · entity-resolved
Wesley Young JR
Individual
Mailing address
2828 S STANDAGE, MESA, AZ 85202-8139
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2023
—
Wesley Young JR
—
Deed
related
$750,000 · United Wholesale Mortgage
Nov 4, 2022
$900,000
Wesley Young JR
Assariparamp V Chacko
Warranty Deed
$720,000 · United Wholesale Mortgage
Nov 4, 2022
—
Wesley Young JR
Shernetra Young
Intrafamily Transfer
related
—
Jul 27, 2017
—
Assariparamp V Chacko
—
Deed
related
$700,000 · Trustbank
Sep 8, 2015
—
Assariparamp V Chacko
Assariparamp V Chacko
Intrafamily Transfer
related
$525,000 · First Fidelity Bank NA
May 30, 2001
—
Assariparamp V Chacko
Covennant Holdings LLC
Grant Deed
related
—
Mar 3, 1999
$305,000
Covenant Holdings LLC
Callison,roy W & Mary A
Grant Deed
related
$270,000 · Individual
Jan 31, 1992
$140,000
Roy Callison
Whisler
Grant Deed
$96,600 · Great Western Bank
Jul 27, 1987
$115,500
Allen L Whisler
Berna
Grant Deed
—
—
—
Roy W Callison
—
Deed Of Trust
related
$64,665 · Norwest Financial
—
—
Assariparamp V Chacko
—
Deed Of Trust
related
$322,000 · Wmc Mortgage Corp
—
—
Assariparamp V Chacko
—
Deed Of Trust
related
$235,000 · Sir Mortgage & Finance Arizona
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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