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Property profile & analytics
OFF-MARKET
Estimated value
$46,580,000
Assisted living facilities
6502 Brown Rd Mesa, AZ 85205-4903
Entity Owned
~
Est. High Equity
Property ID
US07-1150152
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2018
Construction
STEEL FRAME
Total area
187,297 SF
Lot
3.99 ac (173,655 SF)
Zoning code
RS-9
APN
141-64-054
UPID
US07-1150152
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
-
ACOYA Mesa Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$29.99M
Blend (final)
Blend
$46.58M
Owner & transaction history
Mesa Sh Propco LLC
Mesa Sh Propco LLC
since 2025
Last sale
$46.3M
6 recorded transactions
Zoning & alternative use
RS-9 · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
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 RS-15 RS-9 RS-7 RS-6 Additional Standards Lot and Density Standards Minimum Lot Area (sq. ft.) 90,000 43,560 35,000 15,000 9,000 7,000 6,000 Minimu…
Zone name
Residential Single Dwelling 9
General category
CIVIC_INSTITUTIONAL
Zone area
6,707.74 ac
Source
code of ordinances
Top alternative use upside
Neighborhood: shopping center
$58.3M
+72.8%
Retail stores
$49.1M
+45.4%
Medical building
$49.1M
+45.3%
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
$47,240,000
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)
$33,755,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$58,330,000
Change: +73% · Conversion: Difficult
RETAIL STORES
$49,090,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$49,055,000
Change: +45% · Conversion: Difficult
OFFICE BUILDING
$36,635,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$46.58M
Range $41.92M – $51.24M · ±10% · vs last sale $46.25M (Jan 3 2022)
Last sale anchor
$46.25M
Jan 3 2022
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
$249 / 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
$231,765
Tax year 2023
Assessed value
$3,296,590
Assessed 2024
Previous assessed
$2,756,020
+19.6% YoY
Effective rate
7.03%
On assessed value
Land market value
$1,178,300
Improvement market value
$31,787,600
Total market value
$32,965,900
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
2018
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Total area
187,297 SF
Lot
3.99 ac (173,655 SF)
Zoning code
RS-9
APN
141-64-054
UPID
US07-1150152
Jurisdiction
MARICOPA
Zoning & alternative use
RS-9 · Mesa, AZZoning 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
Zoning description
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 RS-15 RS-9 RS-7 RS-6 Additional Standards Lot and Density Standards Minimum Lot Area (sq. ft.) 90,000 43,560 35,000 15,000 9,000 7,000 6,000 Minimum Lot Width: Interior Lot (ft.) 150 130 130 110 75 65 55 Section 11-5-3(A)(1), Addi
Zone name
Residential Single Dwelling 9
General category
CIVIC_INSTITUTIONAL
Zone area
6,707.74 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$33.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$58.3M
RETAIL STORES
Est. value
$49.1M
MEDICAL BUILDING
Est. value
$49.1M
OFFICE BUILDING
Est. value
$36.6M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
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
2018
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
3.99 ac
Current owner
From public records · entity-resolved
Mesa Sh Propco LLC
Entity
Mailing address
6502 E BROWN RD, MESA, AZ 85205-4903
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2025
$60,000,000
Mesa Sh Propco LLC
Shp Vi Mesa Owner LLC
Special Warranty Deed
—
Jan 3, 2022
$46,250,000
Shp Vi Mesa Owner LLC
Gre Mesa Propco LLC
Special Warranty Deed
$31,231,000 · Capital One Bank NA
Mar 16, 2018
$2,300,000
Gre Mesa Propco LLC
Brown Road Baptist Church
Grant Deed
$27,623,363 · Great Wstrn Bk
Dec 5, 2016
—
Brown Road Baptist Church
—
Deed
related
$2,600,000 · Tmi Trust Co
—
—
Brown Road Baptist Church
—
Deed Of Trust
related
$210,000 · Compass Bank
—
—
Brown Road Baptist Church
—
Deed Of Trust
related
$2,600,000 · Tmi Trust Co
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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