2260 Brown Rd, Mesa, AZ 85213-5224
- Office buildings
- 7,325 SF
- 0.81 lot acres
Current Use by Public Records
- IRS Tax Solvers / Accounting Firm / Tax Preparation
- Academic Accolades / Tutoring Service
- Fountain Assisted Living Home / Nursing Home / Retirement Community
- Harmony Care Home / Nursing Home / Retirement Community
- Air Conditioning and Heating / HVAC Service / General Contractor
Property Details for 2260 Brown Rd
- Year built
- 1974
- Construction
- CONCRETE
- Lot size
- 0.81 lot acres
- Zone code
- OC
- Property type
- Office buildings
- APN
- 141-11-090
- APU
- 14111090
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 7, 2025 | $3,450,000 | Weslake On Brown LLC | P West Properties Viii LLC | Warranty Deed | $1.8M · Celtic Bank Corporation |
| Jan 7, 2025 | — | Weslake On Brown LLC | — | Deed · related | $1.3M · The Mortgage Capital Development Corpora |
| Aug 16, 2023 | — | P West Properties Viii LLC | — | Deed · related | $500k · First Citizens Bank & Trust Co |
| Apr 21, 2020 | $805,000 | P West Properties Viii LLC | Amante Investment Partners LLC | Special Warranty Deed | $493k · First Citizens Bank & Trust Co |
| Jun 23, 2016 | — | Amante Investment Partners LLC | — | Deed · related | $693k · First Citizens Bank & Trust Co |
| Jul 24, 2006 | — | Amante Investment Partners LLC | Cb Fountains LLC | Quit Claim Deed · related | $800k · Sonoma National Bank |
| Jan 21, 2000 | — | Cb Fountain LLC | Horton,bill D & Cheryl L | Grant Deed · related | — |
| Oct 31, 1997 | $598,000 | Bill D Horton | Samuel Tipton | Grant Deed | $420k · Shelter Mortgage Corp |
| Jul 27, 1995 | $26,000 | Samuel D Tipton | Keith N & Deborah A Baker | Grant Deed | $36k · Seller |
| Nov 13, 1992 | $313,400 | Samuel D Tipton | Cornia | Grant Deed | — |
| — | — | Brent M Cornia | — | Deed Of Trust · related | $315k · Sunbelt National Mortgage Co |
| — | — | Bill D Horton | — | Deed Of Trust · related | $80k · Shelter Mortgage Corp |
| — | — | Brent M Cornia | — | Deed Of Trust · related | $25k · Zions First National Bank |
| — | — | Bill D Horton | — | Deed Of Trust · related | $79k · Shelter Mortgage Corp |
| — | — | Dianne E Tipton | — | Deed Of Trust · related | $27k · Omaha State Bank |
Description
This exceptional 27-bed assisted living facility in Mesa, Arizona, presents a compelling investment opportunity. The single-story, 7,326 square foot building, completely renovated in 2021, boasts a modern design with block construction and fire suppression sprinklers. Situated on a 0.81-acre lot at 2260 E Brown Rd, the property enjoys excellent visibility and convenient access. The facility is fully ADA accessible, catering to residents with mobility limitations, and includes 19 on-site parking spaces. Currently operating at a 66% occupancy rate (19 of 27 beds), the center provides comprehensive services including 24-hour care, home-cooked meals, and a variety of daily activities. The property is zoned OC, City of Mesa, and features a strong NOI of $225,741, resulting in a 6.27% cap rate. Offered at $3,599,000 ($491.26/sq ft), this is a rare chance to acquire a well-established and profitable senior living center in a prime location. Built in 1974, the recent renovations ensure a comfortable and secure environment for residents. The property's strong financial performance and prime location make it an attractive investment for discerning buyers.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,230,000
- 6.5%
- $2,060,000
- 7%
- $1,915,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,048,000
- AI Estimate
- $2,045,000
Market price range: $635k - $2.09MMarket price range: $611k - $2.09M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $4,700,000
- RESTAURANT
- $4,690,000
- AUTO REPAIR, GARAGE
- $3,230,000
- NEIGHBORHOOD: SHOPPING CENTER
- $2,280,000
- RETAIL STORES
- $1,920,000
- MEDICAL BUILDING
- $1,920,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Mesa
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.782
- Latitude
- 33.4376
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
