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Property profile & analytics
OFF-MARKET
Estimated value
$1,110,000
Assisted living facilities
2237 Avoca, Mesa, AZ 85207-2028
Entity Owned
4-yr Hold
Property ID
US07-2406685
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2002
Construction
FRAME
Total area
3,740 SF
Lot
0.49 ac (21,223 SF)
Zoning code
RS-15
APN
219-25-303
UPID
US07-2406685
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
by Request
Blend (final)
Blend
$1.11M
Owner & transaction history
Dmds Avoca LLC · 4 yrs held
Dmds Avoca LLC
since 2022
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
RS-15 · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+144.5%
Neighborhood: shopping center
$1.2M
+72.8%
Retail stores
$980,000
+45.4%
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
$1,125,000
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)
$675,000
Current use
AUTO REPAIR, GARAGE
$1,650,000
Change: +145% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,165,000
Change: +73% · Conversion: Difficult
RETAIL STORES
$980,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$980,000
Change: +45% · Conversion: Difficult
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±10% · vs last sale $1.10M (Apr 8 2022)
Last sale anchor
$1.10M
Apr 8 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
$297 / 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
$4,750
Tax year 2023
Assessed value
$72,070
Assessed 2024
Previous assessed
$61,600
+17.0% YoY
Effective rate
6.59%
On assessed value
Land market value
$144,100
Improvement market value
$576,600
Total market value
$720,700
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
2002
Construction
FRAME
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Rooms
11
Bathrooms
4
Total area
3,740 SF
Lot
0.49 ac (21,223 SF)
Zoning code
RS-15
APN
219-25-303
UPID
US07-2406685
Jurisdiction
MARICOPA
Zoning & alternative use
RS-15 · Mesa, AZ
Zoning RS-15 · permitted uses
RS-15 · 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
$675,000
AUTO REPAIR, GARAGE
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
RETAIL STORES
Est. value
$980,000
MEDICAL BUILDING
Est. value
$980,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL 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
2002
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Rooms
11
Bathrooms
4
Lot
0.49 ac
Current owner
From public records · entity-resolved
Dmds Avoca LLC
Entity
Mailing address
279 N ALTA DENA ST, MOUNTAIN HOUSE, CA 95391-1160
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
Apr 8, 2022
$1,100,000
Dmds Avoca LLC
Avoca Healthcare Group LLC
Special Warranty Deed
$825,000 · Bank 34
Mar 30, 2017
—
Avoca Healthcare Group LLC
Carol S Lott
Special Warranty Deed
$630,000
Dec 13, 2006
$589,000
Carol S Lott
Owens,jeanita F
Warranty Deed
$417,000 · First Magnus Financial Corp
Oct 25, 2005
—
Jeanite F Owens
—
Trustees Deed
related
$54,200 · American General Home Equity
Sep 27, 2002
$333,310
Jeanita F Owens
Hancock-mth Communities INC
Grant Deed
$264,000 · Portfolio Mortgage Corp
Sep 27, 2002
—
Hancock-mth Communities INC
Hancock-mth Builders INC
Quit Claim Deed
related
—
May 31, 2001
$48,000,000
Hancock-mth Builders INC
H C Builders INC
Grant Deed
—
Sep 28, 2000
$442,500
H C Builders INC
Taro Properties Arizona LLC
Grant Deed
—
—
—
Carol S Lott
—
Deed Of Trust
related
$350,000 · Roy N Lott
—
—
Jeanita F Owens
—
Deed Of Trust
related
$316,800 · Argent Mortgage Co LLC
—
—
Jeanita F Owens
—
Deed Of Trust
related
$367,000 · Ameriquest Mortgage Corp
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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