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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Assisted living facilities
4302 Janice Way 4 Phoenix, AZ 85032-8101
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-0269978
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1987
Construction
CONCRETE BLOCKS
Total area
2,638 SF
Lot
0.32 ac (13,738 SF)
Zoning code
R1-10
APN
215-71-416
UPID
US07-0269978
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
$701k
Blend (final)
Blend
$700k
Owner & transaction history
Janice Way Al LLC · 1 yrs held
Janice Way Al LLC
since 2025
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
R1-10 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+86.5%
Office building
$800,000
+33.5%
Retail stores
$740,000
+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
$710,000
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)
$600,000
Current use
AUTO REPAIR, GARAGE
$1,115,000
Change: +87% · Conversion: Difficult
OFFICE BUILDING
$800,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$740,000
Change: +24% · Conversion: Difficult
MEDICAL BUILDING
$700,000
Change: +17% · Conversion: Difficult
WAREHOUSE, STORAGE
$685,000
Change: +15% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$670,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $700k (Jan 27 2025)
Last sale anchor
$700k
Jan 27 2025
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
$265 / 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
$3,970
Tax year 2023
Assessed value
$64,970
Assessed 2024
Previous assessed
$53,570
+21.3% YoY
Effective rate
6.11%
On assessed value
Land market value
$129,900
Improvement market value
$519,800
Total market value
$649,700
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
1987
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Rooms
8
Bathrooms
2
Total area
2,638 SF
Lot
0.32 ac (13,738 SF)
Zoning code
R1-10
APN
215-71-416
UPID
US07-0269978
Jurisdiction
MARICOPA
Zoning & alternative use
R1-10 · Phoenix, AZ
Zoning R1-10 · permitted uses
R1-10 · 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
$600,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$800,000
RETAIL STORES
Est. value
$740,000
MEDICAL BUILDING
Est. value
$700,000
WAREHOUSE, STORAGE
Est. value
$685,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$670,000
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
1987
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
2
Lot
0.32 ac
Current owner
From public records · entity-resolved
Janice Way Al LLC
Entity
Mailing address
4302 E JANICE WAY, PHOENIX, AZ 85032-8101
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2025
$700,000
Janice Way Al LLC
Salvacion Bernardo
Warranty Deed
$525,000 · Crosscountry Mortgage LLC
Aug 16, 2023
—
Salvacion A Bernardo
Salvacion A Bernardo
Intrafamily Transfer
related
—
Aug 7, 2006
$427,000
Salvacion A Bernardo
Joseph Mccullough
Warranty Deed
$85,400 · Atlas Mortgage Funding Corp
Dec 1, 2004
$278,000
Joseph Mccullough
Williams,charles E
Warranty Deed
$250,200 · Schmidt Mortgage Co
Jul 14, 1999
$180,000
Williams,charles E
Simmons,drww B & Janet M
Trustees Deed
$135,000 · Tucson Mortgage Co LLC
Apr 23, 1993
$130,500
Drew B Simmons
Edwards
Grant Deed
$123,950 · Us Bank Corp Mortgage
Jun 9, 1987
—
Daniel W Edwards
—
Deed Of Trust
related
—
—
—
Charles E Williams
—
Deed Of Trust
related
$27,000 · Tucson Mortgage Co LLC
—
—
Joseph Mccullough
—
Deed Of Trust
related
$315,000 · Uniwest Mortgage 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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