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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Assisted living facilities
3916 Fairbrook Cir Mesa, AZ 85205-5100
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US07-2718012
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2000
Construction
FRAME
Total area
4,523 SF
Lot
0.54 ac (23,305 SF)
Zoning code
RS-15
APN
140-04-009
UPID
US07-2718012
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
-
Fairbrook Grove Assisted Living Home Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$773k
Blend (final)
Blend
$775k
Owner & transaction history
Oak Tree Real Estate LLC · 7 yrs held
Oak Tree Real Estate LLC
since 2019
7 recorded transactions
Zoning & alternative use
RS-15 · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ctions 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 RS-35 RS-15 RS-9 RS-7 RS-6 Additional Standards Lot and Density Standards Minimum Lot Area (sq. ft.) 90,000 43,560 35,000 15,000 9,000 7,000 6,000…
Zone name
Residential Single Dwelling 15
General category
CIVIC_INSTITUTIONAL
Zone area
3,090.11 ac
Source
code of ordinances
Top alternative use upside
Retail stores
$1.2M
+45.4%
Medical building
$1.2M
+45.3%
Office building
$885,000
+8.5%
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 Mesa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mesa 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)
$815,000
Current use
RETAIL STORES
$1,185,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$1,185,000
Change: +45% · Conversion: Difficult
OFFICE BUILDING
$885,000
Change: +9% · Conversion: Difficult
WAREHOUSE, STORAGE
$765,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$775k
Range $698k – $853k · ±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
$171 / 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
$5,273
Tax year 2022
Assessed value
$84,970
Assessed 2024
Previous assessed
$61,370
+38.5% YoY
Effective rate
6.21%
On assessed value
Land market value
$169,900
Improvement market value
$679,800
Total market value
$849,700
Applied tax rate
41,003.0000
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
2000
Construction
FRAME
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Rooms
11
Bathrooms
4
Total area
4,523 SF
Lot
0.54 ac (23,305 SF)
Zoning code
RS-15
APN
140-04-009
UPID
US07-2718012
Jurisdiction
MARICOPA
Zoning & alternative use
RS-15 · Mesa, AZZoning RS-15 · permitted uses
RS-15 · Mesa, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ctions 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 RS-35 RS-15 RS-9 RS-7 RS-6 Additional Standards Lot and Density Standards Minimum Lot Area (sq. ft.) 90,000 43,560 35,000 15,000 9,000 7,000 6,000 Minimum Lot Width: Interior Lot (ft.) 150 130 130 110 75 65 55 Section 11-5-3(A)(1),
Zone name
Residential Single Dwelling 15
General category
CIVIC_INSTITUTIONAL
Zone area
3,090.11 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$815,000
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$885,000
WAREHOUSE, STORAGE
Est. value
$765,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
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
2000
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Rooms
11
Bathrooms
4
Lot
0.54 ac
Current owner
From public records · entity-resolved
Oak Tree Real Estate LLC
Entity
Mailing address
3225 MCLEOD DR #777, LAS VEGAS, NV 89121-2257
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2019
—
Oak Tree Real Estate LLC
Flammer,brian L & Julie C
Warranty Deed
—
Dec 30, 2005
$800,000
Brian L Flammer
David Bruce Waser
Warranty Deed
$640,000 · Jpmorgan Chase Bank NA
Aug 17, 2005
—
David Bruce Waser
David Bruce Waser
Intrafamily Transfer
related
$500,000 · Red Dragon LLC
Dec 19, 2003
$480,000
David B Waser
Trevino,arturo A & Ruth S
Grant Deed
$384,000 · First Franklin Financial Corp
May 14, 2001
$378,820
Arthur A Trevino
Great Western Homes INC
Grant Deed
$303,050 · First Franklin Financial Corp
May 14, 2001
$209,270
Great Western Homes INC
G W Building Co INC
Quit Claim Deed
related
—
May 14, 2001
—
G W Building Co INC
Great Western Homes INC
Quit Claim Deed
related
—
—
—
David B Waser
—
Deed Of Trust
related
$47,509 · Household Realty Corp
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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