Property profile

3755 Menlo St 2 Mesa, AZ 85215

OFF-MARKET
Assisted living facilities
Property ID
US07-2706149
4,335 SF 0.82 ac lot Built 1980
Individually Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1980
Construction CONCRETE BLOCKS
Total area 4,335 SF
Lot 0.82 ac (35,580 SF)
Zoning code RS-35
APN 141-27-049
UPID US07-2706149

Cap rate & NOI

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

Location

3755 Menlo St, Unit 2 Mesa, AZ 85215-1717
Mesa metro Census 420304 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$721k
Blend (final) Blend
$845k

Owner & transaction history

since 2022
Last sale
$825,000
7 recorded transactions
2022
$825,000
2021
$799,000
2020
Price N/A
2014
$470,000
2013
$380,000
2013
Price N/A
2013
Price N/A

Zoning & alternative use

RS-35 · Mesa, AZ
Zoning description

her sections of the Zoning Ordinance, while individual letters refer to subsections that directly follow the table. Table 11-5-3.A.1: Development Standards - RS Residential Single Dwelling Districts Standard RS-90 RS-43…

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Neighborhood: shopping center $1.4M +72.8%
Retail stores $1.1M +45.4%
Medical building $1.1M +45.3%

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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