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Property profile & analytics
OFF-MARKET
Estimated value
$1,745,000
Assisted living facilities
23402 84th St, Scottsdale, AZ 85255-3525
Entity Owned
Property ID
US07-3021456
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1985
Construction
FRAME
Total area
4,476 SF
Lot
1 ac (43,703 SF)
Zoning code
R1-43
APN
212-03-078
UPID
US07-3021456
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
-
Calavar Assisted Living Home Nursing Home Retirement Community
-
North Scottsdale Retreat Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$1.75M
Owner & transaction history
Land 124 LLC
Land 124 LLC
since 2025
7 recorded transactions
Zoning & alternative use
R1-43 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.2M
+55.7%
Retail stores
$2.1M
+46.7%
Auto repair, garage
$1.8M
+31.2%
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 Scottsdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Scottsdale 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)
$1,405,000
Current use
COMMERCIAL (GENERAL)
$2,190,000
Change: +56% · Conversion: Difficult
RETAIL STORES
$2,060,000
Change: +47% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,845,000
Change: +31% · Conversion: Difficult
MEDICAL BUILDING
$1,565,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$1.75M
Range $1.57M – $1.92M · ±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
$390 / 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
$5,359
Tax year 2023
Assessed value
$116,160
Assessed 2024
Previous assessed
$96,630
+20.2% YoY
Effective rate
4.61%
On assessed value
Land market value
$232,300
Improvement market value
$929,300
Total market value
$1,161,600
Applied tax rate
691,400.0000
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
1985
Construction
FRAME
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Rooms
8
Bathrooms
3
Total area
4,476 SF
Lot
1 ac (43,703 SF)
Zoning code
R1-43
APN
212-03-078
UPID
US07-3021456
Jurisdiction
MARICOPA
Zoning & alternative use
R1-43 · Scottsdale, AZ
Zoning R1-43 · permitted uses
R1-43 · Scottsdale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Scottsdale. 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
$1.4M
COMMERCIAL (GENERAL)
Est. value
$2.2M
RETAIL STORES
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.6M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
1985
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
3
Lot
1 ac
Current owner
From public records · entity-resolved
Land 124 LLC
Entity
Mailing address
21001 N TATUM BLVD STE 1630STE163, PHOENIX, AZ 85050-4206
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2025
$2,900,000
Land 124 LLC
Aventa Senior Living Scottsdale LLC
Special Warranty Deed
—
Sep 14, 2022
—
Aventa Senior Living Scottsdale LLC
—
Deed
related
$1,042,000 · Athas Capital Group INC
May 29, 2020
—
Aventa Senior Living Scottsdal
—
Deed
related
$300,000 · Patricia & Rodney Gamache
Aug 28, 2017
$760,000
Aventa Senior Living Scottsdale LLC
Cristian Achim
Warranty Deed
$690,000 · Pinnacle Bank
Jun 4, 2015
—
Cristian Achim
Achim Christian
Intrafamily Transfer
related
$265,400 · Pnc Mortgage LLC
Sep 19, 2008
—
Cristian Achim
Panait,atena D
Quit Claim Deed
related
—
Nov 6, 2003
$400,000
Atena D Panait
Sivak,tr
Grant Deed
$320,000 · National City Mortgage Co
Sep 8, 2003
—
Sivak,tr
Sivak,john R
Quit Claim Deed
related
—
Jul 31, 2003
—
John R Sivak
Sivak,tr
Quit Claim Deed
related
$294,000 · Washington Mutual Fsb
Jan 6, 2000
—
Sivak Trust
Sivak,john R
Quit Claim Deed
related
—
May 22, 1997
—
John R Sivak Trust
John R Sivak
Quit Claim Deed
related
—
Mar 29, 1991
$165,000
John R Sivak
Federal Home Loa
Grant Deed
$148,000 · Sunbelt National Mortgage Co
—
—
Aventa Senior Living Scottsdal
—
Deed Of Trust
related
$300,000 · Patricia & Rodney Gamache
—
—
Aventa Senior Living Scottsdal
—
Loan Modification
related
$300,000 · Patricia & Rodney Gamache
—
—
Richard A Struck
—
Deed Of Trust
related
$157,600 · Citibank Arizona
—
—
John R Sivak
—
Deed Of Trust
related
$149,000 · Chase Manhattan Bank
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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