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Property profile & analytics
OFF-MARKET
Estimated value
$3,400,000
Assisted living facilities
215 Brown Rd Mesa, AZ 85201-3415
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-0833455
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1977
Construction
CONCRETE
Total area
11,136 SF
Lot
1.33 ac (57,885 SF)
Zoning code
RM-4
APN
137-21-009C
UPID
US07-0833455
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
-
Evergreen Healthcare Nursing Home Retirement Community
-
Mesa Christian Residential Care Center Nursing Home Retirement Community
-
Elevator Line General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.53M
Blend (final)
Blend
$3.40M
Owner & transaction history
Cap Brown Road Jv LLC · 1 yrs held
Cap Brown Road Jv LLC
since 2024
Last sale
$3.4M
4 recorded transactions
Zoning & alternative use
RM-4 · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 RM-4 RM-5 Additional Standards Minimum Lot Area (sq. ft.) 7,200 6,000 6,000 6,000 Minimum Lot Width (ft.) Single Residence - Detached 36 30…
Zone name
Residential Multiple Dwelling 4
General category
MIXED_USE
Zone area
4,406.34 ac
Source
code of ordinances
Top alternative use upside
Auto repair, garage
$4.9M
+144.5%
Neighborhood: shopping center
$3.5M
+72.8%
Medical building
$2.9M
+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
$3,400,000
ML approach
$3,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,905,000
Change: +145% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,470,000
Change: +73% · Conversion: Difficult
MEDICAL BUILDING
$2,915,000
Change: +45% · Conversion: Difficult
OFFICE BUILDING
$2,470,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$2,270,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$3.40M
Range $3.06M – $3.74M · ±10% · vs last sale $3.40M (Dec 20 2024)
Last sale anchor
$3.40M
Dec 20 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
$305 / 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
$23,254
Tax year 2023
Assessed value
$356,500
Assessed 2024
Previous assessed
$299,950
+18.9% YoY
Effective rate
6.52%
On assessed value
Land market value
$510,100
Improvement market value
$3,054,900
Total market value
$3,565,000
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
1977
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
6
Stories
2
Total area
11,136 SF
Lot
1.33 ac (57,885 SF)
Zoning code
RM-4
APN
137-21-009C
UPID
US07-0833455
Jurisdiction
MARICOPA
Zoning & alternative use
RM-4 · Mesa, AZZoning 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
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 RM-4 RM-5 Additional Standards Minimum Lot Area (sq. ft.) 7,200 6,000 6,000 6,000 Minimum Lot Width (ft.) Single Residence - Detached 36 30 25 - Single Residence - Attached 36 25 25 25 Multiple Residence 60 60 60 60 Minimum
Zone name
Residential Multiple Dwelling 4
General category
MIXED_USE
Zone area
4,406.34 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$4.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.5M
RETAIL STORES
Est. value
$2.3M
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1977
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
6
Lot
1.33 ac
Current owner
From public records · entity-resolved
Cap Brown Road Jv LLC
Entity
Mailing address
PO BOX 565048, DALLAS, TX 75356-5048
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2024
$3,400,000
Cap Brown Road Jv LLC
Sun Mesa Properties LLC
Special Warranty Deed
$3,700,000 · Enterprise Bank & Trust
Nov 30, 1995
$15,500,000
Sun-mesa Investment Properties
Lutheran Retirement Servi
Grant Deed
$14,000,000 · Meridian On Sand Key Ltd
Jul 2, 1992
$6,558,412
Brethren Retirement Ser Lutheran
Lutheran Brethre
Grant Deed
related
—
—
—
Sun-mesa Investment Props LLC
—
Deed Of Trust
related
—
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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