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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Assisted living facilities
6958 Kristal Way, Glendale, AZ 85308-5796
Individually Owned
6-yr Hold
Property ID
US07-2840339
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1988
Construction
FRAME
Total area
1,955 SF
Lot
0.15 ac (6,542 SF)
Zoning code
R1-6
APN
200-29-528
UPID
US07-2840339
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
$613k
Blend (final)
Blend
$620k
Owner & transaction history
Weldu Araya · 6 yrs held
Weldu Araya
since 2019
7 recorded transactions
Zoning & alternative use
R1-6 · Glendale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$855,000
+66.7%
Commercial (general)
$600,000
+16.6%
Neighborhood: shopping center
$565,000
+9.9%
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 Glendale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glendale 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
by Request
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)
$515,000
Current use
AUTO REPAIR, GARAGE
$855,000
Change: +67% · Conversion: Difficult
COMMERCIAL (GENERAL)
$600,000
Change: +17% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$565,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$520,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±10%
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
$317 / 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
$2,498
Tax year 2023
Assessed value
$45,010
Assessed 2024
Previous assessed
$37,230
+20.9% YoY
Effective rate
5.55%
On assessed value
Land market value
$90,000
Improvement market value
$360,100
Total market value
$450,100
Applied tax rate
970,700.0000
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
1988
Construction
FRAME
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Rooms
7
Bathrooms
2
Total area
1,955 SF
Lot
0.15 ac (6,542 SF)
Zoning code
R1-6
APN
200-29-528
UPID
US07-2840339
Jurisdiction
MARICOPA
Zoning & alternative use
R1-6 · Glendale, AZ
Zoning R1-6 · permitted uses
R1-6 · Glendale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glendale. 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
$515,000
AUTO REPAIR, GARAGE
Est. value
$855,000
COMMERCIAL (GENERAL)
Est. value
$600,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$565,000
RETAIL STORES
Est. value
$520,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1988
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Rooms
7
Bathrooms
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
Weldu Araya
Individual
Mailing address
6958 W KRISTAL WAY, GLENDALE, AZ 85308-5796
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2021
—
Merhawit Araya
—
Deed
related
$335,000 · United Wholesale Mortgage
Aug 30, 2019
$360,000
Weldu Araya
Lucian Muresan
Warranty Deed
$342,000 · United Wholesale Mortgage
Mar 26, 2010
$210,000
Lucian Muresan
Sherry Ellis
Warranty Deed
$168,000 · Dba National Residential Mortgage
Dec 19, 2003
—
Sherry Ellis
Hunt,barbara
Quit Claim Deed
related
—
Dec 11, 2002
$173,000
Sherry A Ellis
Corrirossi,tr
Grant Deed
$138,400 · Usaa Fsb
Sep 24, 2001
—
Corirossi Trust
Corirossi,catherine P
Quit Claim Deed
related
—
Nov 9, 1998
—
Catherine P Corirossi
Corirossi,steven A
Quit Claim Deed
related
$105,000 · Bank Of America
—
—
Corirossi Trust
—
Deed Of Trust
related
$116,000 · Washington Mutual Fsb
—
—
Steven A Corirossi
—
Deed Of Trust
related
$20,001 · First Interstate Mortgage Co
—
—
Corwin Jack M
—
Deed Of Trust
related
$85,000 · First Nationwide 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.
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