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Property profile & analytics
OFF-MARKET
Estimated value
$990,000
Assisted living facilities
2815 48th St, Phoenix, AZ 85008-1602
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US07-2670376
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1949
Construction
CONCRETE
Total area
4,145 SF
Lot
0.64 ac (27,720 SF)
Zoning code
R-5
APN
126-14-030A
UPID
US07-2670376
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
-
Country Manor Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$990k
Owner & transaction history
Bahati LLC · 12 yrs held
Bahati LLC
since 2013
7 recorded transactions
Zoning & alternative use
R-5 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.3M
+32.9%
Medical building
$1.1M
+17.2%
Warehouse, storage
$1.1M
+14.6%
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
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)
$940,000
Current use
OFFICE BUILDING
$1,250,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$1,100,000
Change: +17% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,075,000
Change: +15% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,055,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$1,000,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$990k
Range $891k – $1.09M · ±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
$239 / 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
$5,889
Tax year 2023
Assessed value
$92,882
Assessed 2024
Previous assessed
$92,882
+0.0% YoY
Effective rate
6.34%
On assessed value
Land market value
$564,900
Improvement market value
$363,916
Total market value
$928,816
Applied tax rate
311,300.0000
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
1949
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
1
Units
13
Total area
4,145 SF
Lot
0.64 ac (27,720 SF)
Zoning code
R-5
APN
126-14-030A
UPID
US07-2670376
Jurisdiction
MARICOPA
Zoning & alternative use
R-5 · Phoenix, AZ
Zoning R-5 · permitted uses
R-5 · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$940,000
OFFICE BUILDING
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1949
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
13
Lot
0.64 ac
Current owner
From public records · entity-resolved
Bahati LLC
Entity
Mailing address
1155 E FRYE RD, PHOENIX, AZ 85048-8411
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2024
—
Bahati LLC
—
Deed
related
$1,200,000 · Paradise Capitol Group LLC
Jul 24, 2023
—
Bahati LLC
—
Deed
related
$775,000 · Hanson Capital LLC
Sep 12, 2022
—
Bahati LLC
—
Deed
related
$525,000 · Kayak Capital LLC
Sep 30, 2019
—
Bahati LLC
—
Deed
related
—
Oct 18, 2013
$350,000
Bahati LLC
Hyung Yul Cho
Warranty Deed
$311,000 · Dba Capstone Financial
Sep 29, 1995
$200,000
Hyung Yuo Cho
Dana W & Weeden N Seal
Grant Deed
$270,000 · Seller
Jun 29, 1990
$200,000
Seal Weeden N
Yahraus
Grant Deed
$81,371 · Seller
—
—
Mary Bitutsi
—
Loan Modification
related
$70,000 · Ctp Fndg
—
—
Hyung Y Cho
—
Deed Of Trust
related
$210,000 · Bank One Arizona
—
—
Bahati LLC
—
Deed Of Trust
related
—
—
—
Bahati LLC
—
Deed Of Trust
related
$347,500 · 688978 Bc Ltd
—
—
Bahati LLC
—
Deed Of Trust
related
$315,000 · Capstone Finl
—
—
Hyung C Cho
—
Deed Of Trust
related
$100,000 · Bank One NA
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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