Property profile

723 2nd Ave Mesa, AZ 85204

OFF-MARKET
Assisted living facilities
Property ID
US07-0986247
59,660 SF 2.54 ac lot Built 1975
Entity 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 1975
Construction CONCRETE
Total area 59,660 SF
Lot 2.54 ac (110,642 SF)
Zoning code RM-4
APN 138-29-045C
UPID US07-0986247

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
  • Charitable Organization Social Service Agency

Location

723 2nd Ave Mesa, AZ 85204-1039
Mesa metro Census 421501 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.59M
Blend (final) Blend
$620k

Owner & transaction history

since 1998
5 recorded transactions
1998
Price N/A
1993
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

RM-4 · Mesa, AZ
Zoning description

o other sections of the Zoning Ordinance, while individual letters refer to subsections that directly follow the table. Table 11-5-5: Development Standards - RM Residential Multiple Dwelling Districts Standard RM-2 RM-3…

General category MIXED_USE
Top alternative use upside
Office building $13.0M +20.8%

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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