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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Assisted living facilities
2029 Caleb Rd, Phoenix, AZ 85085-2704
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-3179478
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2006
Construction
FRAME
Total area
3,210 SF
Lot
0.18 ac (8,050 SF)
Zoning code
R1-8
APN
204-24-557
UPID
US07-3179478
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
$700k
Blend (final)
Blend
$695k
Owner & transaction history
Four Angels Investments 13 LLC · 2 yrs held
Four Angels Investments 13 LLC
since 2024
7 recorded transactions
Zoning & alternative use
R1-8 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$955,000
+31.5%
Medical building
$850,000
+17.2%
Warehouse, storage
$835,000
+14.6%
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)
$725,000
Current use
RETAIL STORES
$955,000
Change: +32% · Conversion: Difficult
MEDICAL BUILDING
$850,000
Change: +17% · Conversion: Difficult
WAREHOUSE, STORAGE
$835,000
Change: +15% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$815,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$217 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$3,327
Tax year 2022
Assessed value
$64,910
Assessed 2024
Previous assessed
$64,910
+0.0% YoY
Effective rate
5.13%
On assessed value
Land market value
$129,800
Improvement market value
$519,300
Total market value
$649,100
Applied tax rate
971,300.0000
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
2006
Construction
FRAME
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Total area
3,210 SF
Lot
0.18 ac (8,050 SF)
Zoning code
R1-8
APN
204-24-557
UPID
US07-3179478
Jurisdiction
MARICOPA
Zoning & alternative use
R1-8 · Phoenix, AZ
Zoning R1-8 · permitted uses
R1-8 · 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
$725,000
RETAIL STORES
Est. value
$955,000
MEDICAL BUILDING
Est. value
$850,000
WAREHOUSE, STORAGE
Est. value
$835,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$815,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
RETAIL STORES
MEDICAL 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
2006
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Four Angels Investments 13 LLC
Entity
Mailing address
27818 N 24TH LN, PHOENIX, AZ 85085-4706
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2024
—
Four Angels Investments 13 LLC
Roberta Abdallah
Special Warranty Deed
—
Jan 19, 2024
—
Four Angels Investments 6 LLC
Four Angels Investments 2 LLC
Intrafamily Transfer
related
—
Jul 1, 2022
—
Roberta Abdallah
Four Angels Investments 2 LLC
Warranty Deed
$309,515 · Wells Fargo Bank NA
Apr 25, 2022
—
Four Angels Investments 2 LLC
Roberta Abdallah
Special Warranty Deed
—
Oct 23, 2019
—
Roberta Abdallah
Residl Bridge Borrow Progress
Grant Deed
$346,000 · Azben Ltd LLC
Oct 9, 2018
—
Progress Residl Ridge Borrowe
Progress Residl Borrower 5 Ll
Quit Claim Deed
—
Oct 8, 2018
—
Progress Residl 2014-1 Borrow
Freo Arizona LLC
Grant Deed
related
—
Aug 9, 2016
—
Progress Residl 2016-1 Borrow
—
Deed
related
$876,093,000 · German Am Cap
Jul 30, 2015
—
Progress Residl 2014-1 Borrow
Freo Arizona LLC
Grant Deed
related
—
Oct 6, 2014
—
Progress Residl 2014-1 Borrow
Freo Arizona LLC
Trustees Deed
$473,218,000 · German Am Cap
Jul 19, 2013
$330,000
Freo Arizona LLC
Loverin,aaron P
Warranty Deed
—
Feb 25, 2009
$255,000
Aaron P Loverin
Us Bank NA Wfmbs 2007-010
Grant Deed
$250,381 · Metlife Home Loans
Sep 15, 2008
$295,000
Us Bank NA Wfmbs 2007-010
Bosco Michael A JR
Trustees Deed
related
—
Sep 22, 2006
$477,236
Iosif Florea
D R Horton-continental Series
Grant Deed
$381,788 · Countrywide Bank
Sep 22, 2006
—
D R Horton-continental Series
Chi Construction Co INC
Grant Deed
—
—
—
Progress Residl 2016-1 Borrow
—
Deed Of Trust
related
$876,093,000 · German Am Cap
—
—
Iosif Florea
—
Deed Of Trust
related
$200,000 · Simona Tolan
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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