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Property profile & analytics
OFF-MARKET
Estimated value
$8,035,000
Assisted living facilities
2254 Main St Mesa, AZ 85201-6847
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US07-2306251
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2013
Construction
CONCRETE
Total area
35,341 SF
Lot
1.58 ac (68,678 SF)
Zoning code
RM-4
APN
135-45-136
UPID
US07-2306251
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
-
Food Distribution Center - A New Leaf: La Mesita Food Bank Charitable Organization
-
A New Leaf | La Mesita Family Care Clinic Medical Clinic
-
A New Leaf | La Mesita Apartments Apartment Complex Housing Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.04M
Blend (final)
Blend
$8.04M
Owner & transaction history
La Mesita Aprtments LP · 14 yrs held
La Mesita Aprtments LP
since 2012
5 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
Neighborhood: shopping center
$11.0M
+72.8%
Medical building
$9.3M
+45.3%
Office building
$7.8M
+23.0%
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
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)
$6,370,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$11,005,000
Change: +73% · Conversion: Difficult
MEDICAL BUILDING
$9,255,000
Change: +45% · Conversion: Difficult
OFFICE BUILDING
$7,835,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$7,205,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$8.04M
Range $7.23M – $8.84M · ±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
$227 / 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
Assessed value
$894,285
Assessed 2024
Previous assessed
$865,635
+3.3% YoY
Land market value
$943,800
Improvement market value
$5,018,100
Total market value
$5,961,900
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
2013
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
4
Units
111
Total area
35,341 SF
Lot
1.58 ac (68,678 SF)
Zoning code
RM-4
APN
135-45-136
UPID
US07-2306251
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$6.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.0M
MEDICAL BUILDING
Est. value
$9.3M
OFFICE BUILDING
Est. value
$7.8M
RETAIL STORES
Est. value
$7.2M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
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
2013
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
4
Buildings
3
Units
111
Lot
1.58 ac
Current owner
From public records · entity-resolved
La Mesita Aprtments LP
Entity
Mailing address
6908 E THOMAS RD STE #300, SCOTTSDALE, AZ 85251-6898
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2012
—
La Mesita Apartments LP
—
Trustees Deed
related
$6,148,161 · Wells Fargo Bk Nw NA
Jul 11, 2012
—
La Mesita Aprtments LP
A New Leaf INC
Grant Deed
related
—
Nov 26, 2008
—
New Leaf A
City Of Mesa
Grant Deed
$679,648 · Miscellaneous Govt Agcy
—
—
La Mesita Apartments LP
—
Deed Of Trust
related
$800,000 · A New Leaf INC
—
—
La Mesita Apartments LP
—
Deed Of Trust
related
$500,000 · Miscellaneous Govt Agcy
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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