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Property profile & analytics
OFF-MARKET
Assisted living facilities
2509 87th Ave 2 Phoenix, AZ 85037-3602
Entity Owned
1-yr Hold
Free & Clear
Property ID
US07-3250564
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1996
Construction
FRAME
Total area
1,701 SF
Lot
0.18 ac (7,789 SF)
Zoning code
R1-6
APN
102-87-402
UPID
US07-3250564
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
by Request
Owner & transaction history
America 87th Avenue Properties LLC · 1 yrs held
America 87th Avenue Properties LLC
since 2025
7 recorded transactions
Zoning & alternative use
R1-6 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Phoenix submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phoenix 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,016
Tax year 2023
Assessed value
$32,620
Assessed 2024
Previous assessed
$26,860
+21.4% YoY
Effective rate
6.18%
On assessed value
Land market value
$65,200
Improvement market value
$261,000
Total market value
$326,200
Applied tax rate
921,300.0000
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
1996
Construction
FRAME
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Rooms
6
Bathrooms
2
Total area
1,701 SF
Lot
0.18 ac (7,789 SF)
Zoning code
R1-6
APN
102-87-402
UPID
US07-3250564
Jurisdiction
MARICOPA
Zoning & alternative use
R1-6 · Phoenix, AZ
Zoning R1-6 · permitted uses
R1-6 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phoenix. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1996
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
America 87th Avenue Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
5603 N CASTANO DR, LITCHFIELD PARK, AZ 85340-7397
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2025
—
America 87th Avenue Properties LLC
Heliodoro Enrique Vargas Peregrina
Quitclaim Deed
related
—
Aug 6, 2024
—
Heliodoro Enrique Vargas Peregrina
America 87th Avenue Properties LLC
Warranty Deed
$280,000 · Michigan Mutual INC
Nov 21, 2013
$10
87th Avenue Props L America
Vargas,enrique
Quit Claim Deed
related
—
Sep 25, 2003
—
Enique Vargas
Lopez,monica
Grant Deed
$113,517 · Countrywide Home Loans INC
May 31, 2002
—
Enrique Vargas
Avila,monica L
Quit Claim Deed
related
$111,849 · Countrywide Home Loans INC
Sep 15, 1999
$112,000
Enrique Vargas
Foutts,michael R & Anne
Grant Deed
$111,084 · Spectrum Financial
Aug 26, 1996
$97,415
Michael R Foutts
Diamond Key Homes INC
Grant Deed
$92,500 · Accubanc Mortgage Corp
Mar 20, 1996
—
First American Title Trust 8027
First American Title
Quit Claim Deed
related
—
—
—
Enrique Vargas
—
Deed Of Trust
related
$110,317 · Countrywide Home Loans INC
—
—
Diamond Key Homes INC
—
Deed Of Trust
related
$7,266,750 · Bank Of America Arizona
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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