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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Assisted living facilities
2859 Voltaire Ave, Phoenix, AZ 85032-6017
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-2959255
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1974
Construction
CONCRETE BLOCKS
Total area
2,065 SF
Lot
0.29 ac (12,554 SF)
Zoning code
R1-14
APN
166-42-037
UPID
US07-2959255
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
$546k
Blend (final)
Blend
$530k
Owner & transaction history
Steven Koghan · 4 yrs held
Steven Koghan
since 2021
Last sale
$500,000
7 recorded transactions
Zoning & alternative use
R1-14 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$875,000
+86.5%
Office building
$625,000
+33.5%
Retail stores
$580,000
+23.9%
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
$575,000
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)
$470,000
Current use
AUTO REPAIR, GARAGE
$875,000
Change: +87% · Conversion: Difficult
OFFICE BUILDING
$625,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$580,000
Change: +24% · Conversion: Difficult
MEDICAL BUILDING
$550,000
Change: +17% · Conversion: Difficult
WAREHOUSE, STORAGE
$535,000
Change: +15% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$525,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $500k (Dec 22 2021)
Last sale anchor
$500k
Dec 22 2021
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
$257 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$2,901
Tax year 2022
Assessed value
$50,600
Assessed 2024
Previous assessed
$42,230
+19.8% YoY
Effective rate
5.73%
On assessed value
Land market value
$101,200
Improvement market value
$404,800
Total market value
$506,000
Applied tax rate
691,300.0000
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
1974
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Rooms
6
Bathrooms
2
Total area
2,065 SF
Lot
0.29 ac (12,554 SF)
Zoning code
R1-14
APN
166-42-037
UPID
US07-2959255
Jurisdiction
MARICOPA
Zoning & alternative use
R1-14 · Phoenix, AZ
Zoning R1-14 · permitted uses
R1-14 · 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
$470,000
AUTO REPAIR, GARAGE
Est. value
$875,000
OFFICE BUILDING
Est. value
$625,000
RETAIL STORES
Est. value
$580,000
MEDICAL BUILDING
Est. value
$550,000
WAREHOUSE, STORAGE
Est. value
$535,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$525,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1974
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
Steven Koghan
Individual
Mailing address
1450 GLN CYN RD, SANTA CRUZ, CA 95060-1221
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2021
$500,000
Steven Koghan
Alin Calini
Special Warranty Deed
—
Nov 14, 2019
—
Alin Calini
Constantin Mihart
Warranty Deed
—
Oct 25, 2007
—
Constantin Mihart
Marinca Mihai Trust
Quit Claim Deed
related
—
Dec 12, 2005
—
Marinca Mihai Trust
Mihart,daniela
Quit Claim Deed
—
Nov 15, 2004
—
Daniela Marinca
Marinca,mihai
Quit Claim Deed
related
$50,000 · Mortgage Lenders Network USA
Nov 3, 2003
—
Daniela Marinca
Marinca,daniela
Quit Claim Deed
related
—
Oct 3, 2003
—
Daniela Marinca
Marinca,cornelia
Quit Claim Deed
related
$67,700 · Pacific Republic Mortgage Corp
Nov 15, 1995
$110,000
Cornelia Marinca
Sharon B Medders
Grant Deed
$70,000 · Salomon Brothers Realty Corp
Apr 8, 1994
$108,000
Sharon B Medders
Nell
Grant Deed
$97,200 · Benjamin Franklin Fsb
Apr 3, 1992
$75,650
Nell Jack
Hud
Grant Deed
$58,854 · Norwest Mortgage INC
Dec 19, 1991
—
Hud
Shearson Lehman
Grant Deed
related
—
Dec 10, 1991
$95,703
Shearson Lehman
Ancillary Servic
Grant Deed
—
Jun 30, 1989
$90,000
Mark J Stahl
—
Deed Of Trust
related
—
Aug 31, 1987
$89,500
Jeffrey Anderson
Tistl
Grant Deed
$89,900 · Ameristar Financial Services
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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