Property profile

3942 Florian Ave Mesa, AZ 85206

OFF-MARKET
Assisted living facilities
Property ID
US07-0147866
4,035 SF 0.39 ac lot Built 1994
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1994
Construction FRAME
Total area 4,035 SF
Lot 0.39 ac (17,151 SF)
Zoning code RS-15
APN 140-47-352
UPID US07-0147866

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
  • Home Health Care Service

Location

3942 Florian Ave Mesa, AZ 85206-2550
Mesa metro Census 422513 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
$650k
Blend (final) Blend
$460k

Owner & transaction history

since 2023
7 recorded transactions
2023
Price N/A
2012
Price N/A
2006
$750,000
2005
Price N/A
2005
Price N/A
1996
$107,600
1996
$302,000

Zoning & alternative use

RS-15 · Mesa, AZ
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…

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Retail stores $1.1M +45.4%
Medical building $955,000 +31.3%

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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