Property profile

1825 Emelita Ave Mesa, AZ 85202

OFF-MARKET
Assisted living facilities
Property ID
US07-3284086
125,035 SF 5.1 ac lot Built 1978
Entity Owned 3-yr Hold
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1978
Construction CONCRETE
Total area 125,035 SF
Lot 5.1 ac (222,156 SF)
Zoning code RM-4
APN 134-27-298
UPID US07-3284086

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Retirement Community

Location

1825 Emelita Ave Mesa, AZ 85202-4034
Mesa metro Census 422103 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$28.43M
Blend (final) Blend
$24.27M

Owner & transaction history

since 2022
Last sale
$24.1M
7 recorded transactions
2022
$24.1M
2012
$10.3M
2011
Price N/A
2010
Price N/A
2009
Price N/A
2009
Price N/A
2008
Price N/A

Zoning & alternative use

RM-4 · Mesa, AZ
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…

General category MIXED_USE
Top alternative use upside
Retail stores $32.8M +45.4%
Medical building $32.8M +45.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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