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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Assisted living facilities
2122 106th Pl 5, Mesa, AZ 85209-1550
Individually Owned
2-yr Hold
Property ID
US07-3219099
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2004
Construction
FRAME
Total area
3,081 SF
Lot
0.34 ac (14,898 SF)
Zoning code
RS-7
APN
312-11-483
UPID
US07-3219099
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
-
AZ joyful living Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$531k
Blend (final)
Blend
$650k
Owner & transaction history
Christopher Flener · 2 yrs held
Christopher Flener
since 2024
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
RS-7 · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$960,000
+72.8%
Retail stores
$810,000
+45.4%
Medical building
$805,000
+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
$650,000
ML approach
$650,000
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)
$555,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$960,000
Change: +73% · Conversion: Difficult
RETAIL STORES
$810,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$805,000
Change: +45% · Conversion: Difficult
OFFICE BUILDING
$530,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $650k (May 24 2024)
Last sale anchor
$650k
May 24 2024
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
$211 / 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
$2,991
Tax year 2023
Assessed value
$58,380
Assessed 2024
Previous assessed
$58,380
+0.0% YoY
Effective rate
5.12%
On assessed value
Land market value
$116,700
Improvement market value
$467,100
Total market value
$583,800
Applied tax rate
411,006.0000
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
2004
Construction
FRAME
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Rooms
11
Bathrooms
4
Total area
3,081 SF
Lot
0.34 ac (14,898 SF)
Zoning code
RS-7
APN
312-11-483
UPID
US07-3219099
Jurisdiction
MARICOPA
Zoning & alternative use
RS-7 · Mesa, AZ
Zoning RS-7 · permitted uses
RS-7 · 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
$555,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$960,000
RETAIL STORES
Est. value
$810,000
MEDICAL BUILDING
Est. value
$805,000
OFFICE BUILDING
Est. value
$530,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
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
2004
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Rooms
11
Bathrooms
4
Lot
0.34 ac
Current owner
From public records · entity-resolved
Christopher Flener
Individual
Mailing address
3363 S KIM BEDEE CT, CHANDLER, AZ 85286
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2024
—
Christopher Flener
Somchai Oukosavanna
Warranty Deed
—
May 24, 2024
$650,000
Edwin D Valderama
Christopher Flener
Warranty Deed
$422,500 · A&d Mortgage LLC
Oct 21, 2014
—
Evergreen Trust
Esquivel,maria E
Quit Claim Deed
related
—
Dec 26, 2006
—
Vela Ruben Trust
Vela,ruben
Quit Claim Deed
related
—
Jul 7, 2005
—
Ruben Vela
Vela,ruben
Quit Claim Deed
related
—
Jun 30, 2005
$460,000
Ruben Vela
Simona Bratu
Warranty Deed
$368,000 · Argent Mortgage Company LLC
May 7, 2004
$250,313
Simona Bratu
Engle Homes
Grant Deed
—
Mar 31, 2004
$250,310
Simona Bratu
Tousa Homes INC
Grant Deed
$256,500 · Hamilton Mortgage Co
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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