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Property profile & analytics
OFF-MARKET
Estimated value
$11,000,000
Assisted living facilities
7231 Broadway Rd, Mesa, AZ 85208-2030
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0397997
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2000
Construction
STEEL FRAME
Total area
82,756 SF
Lot
4.41 ac (192,230 SF)
Zoning code
OC
APN
218-55-004F
UPID
US07-0397997
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
-
Broadway Mesa Village Nursing Home Retirement Community
-
Cozy Home Health Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.18M
Blend (final)
Blend
$11.00M
Owner & transaction history
Psl Mesa Landlord LLC · 2 yrs held
Psl Mesa Landlord LLC
since 2024
Last sale
$11.0M
7 recorded transactions
Zoning & alternative use
OC · 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
Method
Estimation
Statistic approach
$11,000,000
ML approach
$11,000,000
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)
$14,915,000
Current use
OFFICE BUILDING
$14,250,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$11.00M
Range $9.90M – $12.10M · ±10% · vs last sale $11.00M (Feb 2 2024)
Last sale anchor
$11.00M
Feb 2 2024
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
$133 / 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
$90,300
Tax year 2023
Assessed value
$1,339,247
Assessed 2024
Previous assessed
$1,137,030
+17.8% YoY
Effective rate
6.74%
On assessed value
Land market value
$690,000
Improvement market value
$12,702,473
Total market value
$13,392,473
Applied tax rate
41,012.0000
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
2000
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
2
Total area
82,756 SF
Lot
4.41 ac (192,230 SF)
Zoning code
OC
APN
218-55-004F
UPID
US07-0397997
Jurisdiction
MARICOPA
Zoning & alternative use
OC · Mesa, AZ
Zoning OC · permitted uses
OC · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$14.9M
OFFICE BUILDING
Est. value
$14.3M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
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
2000
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
2
Lot
4.41 ac
Current owner
From public records · entity-resolved
Psl Mesa Landlord LLC
Entity
Mailing address
611 S MAIN ST STE #400, GRAPEVINE, TX 76051-5477
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2024
$11,000,000
Psl Mesa Landlord LLC
Welltower Op LLC
Special Warranty Deed
$9,225,000 · Welltower Lending Group LLC
Feb 2, 2024
—
Welltower Op LLC
Welltower Pegasus Landlord LLC
Intrafamily Transfer
related
—
Feb 4, 2014
—
7231 East Broadway LLC
Health Care Reit INC
Quit Claim Deed
related
—
Sep 17, 2010
—
7231 East Broadway LLC
—
Deed Of Trust
related
$6,480,400 · Federal Home Loan Mortgage Cor
Apr 8, 2009
—
7231 East Broadway LLC
Health Care Reit INC
Quit Claim Deed
related
$6,480,400 · Keycorp R/e Cap Mktg
Jun 10, 1999
$1,866,880
Health Care Reit INC
Regent Assisted Living LLC
Grant Deed
—
Jun 16, 1998
$950,000
S R V Properties
Regent Assisted Living INC
Grant Deed
—
—
—
7231 East Broadway LLC
—
Loan Modification
related
$6,480,400 · Federal Home Loan Mortgage Cor
—
—
7231 East Broadway LLC
—
Loan Modification
related
$6,480,400 · Federal Hm Ln Mtg
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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