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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Assisted living facilities
1810 Georgia Ave, Phoenix, AZ 85016-3314
Trust Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-2423283
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1953
Construction
CONCRETE BLOCKS
Total area
2,076 SF
Lot
0.16 ac (7,013 SF)
Zoning code
R1-6
APN
164-54-020
UPID
US07-2423283
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
$673k
Blend (final)
Blend
$665k
Owner & transaction history
Katz Family Trust · 6 yrs held
Katz Family Trust
since 2019
7 recorded transactions
Zoning & alternative use
R1-6 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$875,000
+86.5%
Retail stores
$575,000
+22.3%
Medical building
$550,000
+17.2%
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 Phoenix submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phoenix 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)
$470,000
Current use
AUTO REPAIR, GARAGE
$875,000
Change: +87% · Conversion: Difficult
RETAIL STORES
$575,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$550,000
Change: +17% · Conversion: Difficult
OFFICE BUILDING
$540,000
Change: +15% · Conversion: Difficult
WAREHOUSE, STORAGE
$540,000
Change: +15% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$530,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$665k
Range $599k – $732k · ±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
$320 / 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
$3,483
Tax year 2023
Assessed value
$62,370
Assessed 2024
Previous assessed
$51,200
+21.8% YoY
Effective rate
5.58%
On assessed value
Land market value
$124,700
Improvement market value
$499,000
Total market value
$623,700
Applied tax rate
381,313.0000
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
1953
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Rooms
7
Total area
2,076 SF
Lot
0.16 ac (7,013 SF)
Zoning code
R1-6
APN
164-54-020
UPID
US07-2423283
Jurisdiction
MARICOPA
Zoning & alternative use
R1-6 · Phoenix, AZ
Zoning R1-6 · permitted uses
R1-6 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phoenix. 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
$470,000
AUTO REPAIR, GARAGE
Est. value
$875,000
RETAIL STORES
Est. value
$575,000
MEDICAL BUILDING
Est. value
$550,000
OFFICE BUILDING
Est. value
$540,000
WAREHOUSE, STORAGE
Est. value
$540,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$530,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1953
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Rooms
7
Lot
0.16 ac
Current owner
From public records · entity-resolved
Katz Family Trust
Trust
Mailing address
1810 E GEORGIA AVE, PHOENIX, AZ 85016-3314
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2019
—
Katz Family Trust
Katz,steven & Miranda
Quit Claim Deed
related
—
Feb 15, 2011
$169,900
Steven Katz
Dlj Mortgage Capital INC
Warranty Deed
$135,900 · Provident Funding Associates LP
Oct 20, 2010
$254,154
Dlj Mtg Cap INC
Quality Loan Svc Corp
Trustees Deed
related
—
Apr 27, 2007
—
Pankey Dana
Adelphia Properties LLC
Quit Claim Deed
related
—
Apr 27, 2007
$328,000
Adam Meggers
Dana Pankey & Ruth E Pankey 1985 Tr
Warranty Deed
$262,400 · M&i Marshall & Ilsley Bank
Oct 19, 2006
—
Adelphia Properties LLC
Tender Home Properties LLC
Quit Claim Deed
related
—
Mar 28, 2005
—
Tender Home Properties LLC
Adelphia Properties LLC
Quit Claim Deed
related
$278,900 · Adelphia Properties LLC
Feb 23, 2005
—
Adelphia Properties LLC
Pankey Dana & R E 1985 Trust
Quit Claim Deed
related
—
Dec 26, 2001
—
Pankey Trust
Pankey,kevin A & Jenny
Quit Claim Deed
related
—
Feb 22, 2001
—
Kevin A Pankey
Pankey Trust
Quit Claim Deed
related
—
Aug 15, 1995
$100,000
Dana Pankey
Miller Family Trust
Grant Deed
$70,000 · Seller
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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