New search
Property profile & analytics
OFF-MARKET
Assisted living facilities
640 Draper St, Mesa, AZ 85203-6342
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-2814143
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1967
Construction
CONCRETE BLOCKS
Total area
3,476 SF
Lot
0.37 ac (16,095 SF)
Zoning code
RS-9
APN
137-12-075
UPID
US07-2814143
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
John P Frederick · 5 yrs held
John P Frederick
since 2021
Last sale
$490,000
7 recorded transactions
Zoning & alternative use
RS-9 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,511
Tax year 2023
Assessed value
$50,570
Assessed 2024
Previous assessed
$43,120
+17.3% YoY
Effective rate
4.97%
On assessed value
Land market value
$101,100
Improvement market value
$404,600
Total market value
$505,700
Applied tax rate
41,000.0000
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
1967
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Rooms
9
Bathrooms
2
Total area
3,476 SF
Lot
0.37 ac (16,095 SF)
Zoning code
RS-9
APN
137-12-075
UPID
US07-2814143
Jurisdiction
MARICOPA
Zoning & alternative use
RS-9 · Mesa, AZ
Zoning RS-9 · permitted uses
RS-9 · 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
1967
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Rooms
9
Bathrooms
2
Lot
0.37 ac
Current owner
From public records · entity-resolved
John P Frederick
Individual
Mailing address
640 E DRAPER ST, MESA, AZ 85203-6342
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2021
$490,000
John P Frederick
John Fitzsimmons
Warranty Deed
$490,000 · Pennymac Loan Services LLC
Nov 27, 2019
—
John Fitzsimmons
—
Deed
related
$175,000 · United Wholesale Mortgage
Aug 29, 2016
—
John Fitzsimmons
—
Deed
related
$129,222 · Lhm Financial Corp
Aug 30, 2011
—
John Fitzsimmons
Fitzsimmons,john
Quit Claim Deed
related
—
Dec 4, 2009
—
Michael J Anzalone
Anzalone,michael J
Quit Claim Deed
related
—
Oct 27, 2009
$178,900
Michael J Anzalone
Cwalt INC Al Trust 2006-43cb
Grant Deed
$126,900 · Bank Of America
Jun 11, 2009
$180,625
Cwalt INC Alterna Trust 2006-43cb
Recontrust Co NA
Trustees Deed
related
—
Nov 30, 2006
$495,000
Paul Garrison
Salvatore Joseph Zerilli
Warranty Deed
$396,000 · Americas Wholesale Lender
Jun 14, 2001
—
Zerilli Trust
Zerilli,salvatore J
Quit Claim Deed
related
—
Jan 13, 1999
—
Salvatore J Zerilli
Zerilli,salvatore J & Jeannette
Quit Claim Deed
related
—
Jul 31, 1996
$150,000
Salvatore J Zerilli
Larry Callaway
Grant Deed
$112,500 · World Savings & Loan
Jan 30, 1991
$125,000
Larry W Callaway
Asc Radiologists
Grant Deed
$110,000 · Seller
Sep 14, 1987
—
Donald Traicoff
—
Deed Of Trust
related
—
—
—
Larry Callaway
—
Deed Of Trust
related
$114,500 · Country Wide Funding Corp
—
—
Zerilli,tr
—
Deed Of Trust
related
$102,000 · World Savings Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 640 Draper St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
