New search
Property profile & analytics
OFF-MARKET
Estimated value
$24,270,000
Assisted living facilities
1825 Emelita Ave, Mesa, AZ 85202-4034
Entity Owned
3-yr Hold
Property ID
US07-3284086
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bella Vista Senior Living Retirement Community
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
Bfg Mesa Propco LLC · 3 yrs held
Bfg Mesa Propco LLC
since 2022
Last sale
$24.1M
7 recorded transactions
Zoning & alternative use
RM-4 · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$32.8M
+45.4%
Medical building
$32.8M
+45.3%
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 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
$24,615,000
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)
$22,535,000
Current use
RETAIL STORES
$32,775,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$32,750,000
Change: +45% · Conversion: Difficult
OFFICE BUILDING
$21,530,000
Change: -4% · Conversion: Difficult
WAREHOUSE, STORAGE
$21,135,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$24.27M
Range $21.84M – $26.70M · ±10% · vs last sale $24.10M (Oct 21 2022)
Last sale anchor
$24.10M
Oct 21 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
$194 / 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
$90,491
Tax year 2023
Assessed value
$4,183,880
Assessed 2024
Previous assessed
$2,887,920
+44.9% YoY
Effective rate
2.16%
On assessed value
Land market value
$8,367,700
Improvement market value
$33,471,100
Total market value
$41,838,800
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
1978
Construction
CONCRETE
Heating
HOT WATER
Cooling
REFRIGERATOR
Buildings
3
Stories
4
Total area
125,035 SF
Lot
5.1 ac (222,156 SF)
Zoning code
RM-4
APN
134-27-298
UPID
US07-3284086
Jurisdiction
MARICOPA
Zoning & alternative use
RM-4 · Mesa, AZ
Zoning 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
Mesa. 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
$22.5M
RETAIL STORES
Est. value
$32.8M
MEDICAL BUILDING
Est. value
$32.8M
OFFICE BUILDING
Est. value
$21.5M
WAREHOUSE, STORAGE
Est. value
$21.1M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
RETAIL STORES
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
1978
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
4
Buildings
3
Lot
5.1 ac
Current owner
From public records · entity-resolved
Bfg Mesa Propco LLC
Entity
Mailing address
401 E LAS OLAS BLVD STE #1400, FORT LAUDERDALE, FL 33301-2218
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2022
$24,100,000
Bfg Mesa Propco LLC
Bella Vista Retirement Living LLC
Special Warranty Deed
$17,600,000 · Coastal States Bank
Dec 21, 2012
$10,300,000
Senexus Bv LLC
Staz LLC
Warranty Deed
—
Jun 10, 2011
—
Staz LLC
—
Deed Of Trust
related
$12,950,000 · Legg Mason R/e Cdo II Corp
May 5, 2010
—
Staz LLC
—
Grant Deed
related
$12,950,000 · Legg Mason R/e Cdo II Corp
Apr 24, 2009
—
Staz LLC
—
Deed Of Trust
related
$11,990,000 · Legg Mason R/e Cdo II Corp
Apr 23, 2009
—
Staz LLC
—
Deed Of Trust
related
$11,990,000 · Legg Mason R/e Cdo II Corp
Sep 2, 2008
—
Staz LLC
—
Deed Of Trust
related
$11,100,000 · Legg Mason R/e Cdo II Corp
Oct 13, 2006
$8,100,000
Staz LLC
Beal Bank Ssb
Grant Deed
$6,400,000 · Beal Bank Ssb
—
—
Bella Vista Retirement Living
—
Deed Of Trust
related
$6,000,000 · Ncb Svgs Bk
—
—
Staz LLC
—
Deed Of Trust
related
$11,100,000 · Legg Mason Real Estate Capital
—
—
Bella Vista Retirement Living
—
Deed Of Trust
related
$24,990,000 · Pnc Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1825 Emelita Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
