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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Assisted living facilities
1932 Jeanine Dr 2 Tempe, AZ 85284-3415
Individually Owned
~
Est. High Equity
Property ID
US07-3302689
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1983
Construction
CONCRETE BLOCKS
Total area
2,901 SF
Lot
0.23 ac (9,871 SF)
Zoning code
R1-7
APN
301-63-409
UPID
US07-3302689
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
-
Five Star Assisted Living Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$660k
Blend (final)
Blend
$665k
Owner & transaction history
Cody Lacourt
Cody Lacourt
since 2025
Last sale
$758,000
7 recorded transactions
Zoning & alternative use
R1-7 · 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
$680,000
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)
$685,000
Current use
OFFICE BUILDING
$675,000
Change: -1% · Conversion: Difficult
MEDICAL BUILDING
$595,000
Change: -13% · Conversion: Difficult
WAREHOUSE, STORAGE
$555,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$665k
Range $599k – $732k · ±10% · vs last sale $758k (Jul 1 2022)
Last sale anchor
$758k
Jul 1 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
$229 / 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
$4,321
Tax year 2023
Assessed value
$59,800
Assessed 2024
Previous assessed
$53,000
+12.8% YoY
Effective rate
7.23%
On assessed value
Land market value
$119,600
Improvement market value
$478,400
Total market value
$598,000
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
1983
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Rooms
8
Bathrooms
2
Total area
2,901 SF
Lot
0.23 ac (9,871 SF)
Zoning code
R1-7
APN
301-63-409
UPID
US07-3302689
Jurisdiction
MARICOPA
Zoning & alternative use
R1-7 · Tempe, AZ
Zoning R1-7 · permitted uses
R1-7 · 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
$685,000
OFFICE BUILDING
Est. value
$675,000
MEDICAL BUILDING
Est. value
$595,000
WAREHOUSE, STORAGE
Est. value
$555,000
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
1983
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Cody Lacourt
Individual
Mailing address
3141 E SIESTA LN, PHOENIX, AZ 85050-2518
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2025
—
Cody Lacourt
Cody Lacourt
Deed
related
—
Jul 22, 2025
$758,000
Ronald Suan
Cody Lacourt
Warranty Deed
$568,500 · The Federal Savings Bank
Jul 1, 2022
$758,000
Cody Lacourt
Maurice Salibi
Warranty Deed
$644,300 · Primelending
Dec 18, 2017
—
Maurice Salibi
—
Deed
related
$268,500 · Jpmorgan Chase Bank NA
Apr 4, 2007
—
Maria Al-saliby
Al-saliby,maria
Quit Claim Deed
related
—
Apr 11, 2003
$235,000
Maria Al-saliby
Spore,herbert G & Jackleen
Grant Deed
$223,250 · Stonecreek Funding LLC
Feb 19, 2002
—
Herbert G Spore
Spore,herbert G
Quit Claim Deed
related
$42,000 · Desert School FCU
Jan 30, 1998
—
Herbert G Spore
Spore,lessie M
Quit Claim Deed
related
$124,000 · First Arizona Savings
—
—
Herbert G Spore JR.
—
Deed Of Trust
related
$91,000 · First Arizona Savings
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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