Property profile

262 Brown Rd Mesa, AZ 85201

OFF-MARKET
Assisted living facilities
Property ID
US07-3376041
23,745 SF 5.03 ac lot Built 1986
Entity Owned 18-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1986
Construction STEEL FRAME
Total area 23,745 SF
Lot 5.03 ac (218,889 SF)
Zoning code RM-4
APN 137-19-682
UPID US07-3376041

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Nursing Home Retirement Community
  • Nursing Home Retirement Community

Location

262 Brown Rd Mesa, AZ 85201-3545
Mesa metro Census 421002 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.40M
Blend (final) Blend
$7.24M

Owner & transaction history

since 2007
7 recorded transactions
2007
$7.3M
2003
$4.5M
2001
Price N/A
1997
$11.1M
1995
$7.8M
1994
$8.0M
1993
$8.0M

Zoning & alternative use

RM-4 · Mesa, AZ
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…

General category MIXED_USE
Top alternative use upside
Neighborhood: shopping center $7.4M +72.8%
Medical building $6.2M +45.3%
Office building $5.3M +23.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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