Property profile

520 Higley Rd Mesa, AZ 85206

OFF-MARKET
Assisted living facilities
Property ID
US07-1275271
112,082 SF 4.6 ac lot Built 1999
Trust Owned 28-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1999
Construction CONCRETE
Total area 112,082 SF
Lot 4.6 ac (200,374 SF)
Zoning code M-H
APN 140-35-002S
UPID US07-1275271

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
  • Nursing Home Retirement Community

Location

520 Higley Rd Mesa, AZ 85206-2153
Mesa metro Census 422607 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$16.15M
Blend (final) Blend
$16.15M

Owner & transaction history

since 1998
7 recorded transactions
1998
$375,000
1998
Price N/A
1996
Price N/A
1993
$225,000
1987
$400,000
1987
$400,000
1969
Price N/A

Zoning & alternative use

M-H · Mesa, AZ
Top alternative use upside
Medical building $26.5M +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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