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Property profile & analytics
OFF-MARKET
Estimated value
$4,570,000
Assisted living facilities
5037 Broadway Rd, Mesa, AZ 85206-1301
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-2661232
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1987
Construction
STEEL FRAME
Total area
3,220 SF
Lot
1.61 ac (70,260 SF)
Zoning code
RM-4
APN
140-35-005A
UPID
US07-2661232
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
-
Legacy Village Nursing Home Retirement Community
-
Southwest Copper Hospice Nursing Home
-
Copper Village Nursing Home Retirement Community
-
Whitestone Senior Living Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.57M
Owner & transaction history
5037 East Broadway LLC · 3 yrs held
5037 East Broadway LLC
since 2023
Last sale
$4.6M
6 recorded transactions
Zoning & alternative use
RM-4 · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$4,515,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.57M
Range $4.11M – $5.03M · ±10% · vs last sale $4.60M (Jun 28 2023)
Last sale anchor
$4.60M
Jun 28 2023
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
$1,419 / 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
$20,360
Tax year 2023
Assessed value
$290,190
Assessed 2024
Previous assessed
$290,190
+0.0% YoY
Effective rate
7.02%
On assessed value
Land market value
$459,700
Improvement market value
$2,442,200
Total market value
$2,901,900
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
1987
Construction
STEEL FRAME
Heating
HEAT PUMP
Buildings
6
Stories
1
Units
6
Total area
3,220 SF
Lot
1.61 ac (70,260 SF)
Zoning code
RM-4
APN
140-35-005A
UPID
US07-2661232
Jurisdiction
MARICOPA
Zoning & alternative use
RM-4 · Mesa, AZ
Zoning RM-4 · permitted uses
RM-4 · Mesa, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mesa. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Buildings
6
Units
6
Lot
1.61 ac
Current owner
From public records · entity-resolved
5037 East Broadway LLC
Entity
Mailing address
2360 RTE 9TH STE #246, TOMS RIVER, NJ 08755-1929
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2023
$4,600,000
5037 East Broadway LLC
Copper Village Az LLC
Special Warranty Deed
$3,450,000 · Bank 34
May 13, 2008
—
Mesa Royalty Senior Care LLC
Palmer Grant L & L K Trust
Grant Deed
$6,099,573 · Bt Dev LLC
Feb 22, 2006
$4,500,000
Mesa Royalty Senior Care LLC
Nationwide Health Properties INC
Special Warranty Deed
$3,375,000 · First International Bank & Trust
Apr 3, 1996
$1,437,000
Nationwide Health Properties INC
Mesa Senior Village L P
Grant Deed
—
Mar 31, 1993
$1,190,000
Senior Village LP Mesa
Crittenden Trust
Grant Deed
—
May 26, 1989
—
Riddle Paul M
Unknown
Grant Deed
related
—
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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