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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Assisted living facilities
7842 16th Ln Phoenix, AZ 85021-7006
Trust Owned
11-yr Hold
~
Est. High Equity
Property ID
US07-2709218
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1952
Construction
CONCRETE BLOCKS
Total area
3,333 SF
Lot
0.38 ac (16,702 SF)
Zoning code
R1-10
APN
157-03-027
UPID
US07-2709218
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
-
7th Heaven Assisted Living Geriatric Care Provider Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$746k
Blend (final)
Blend
$740k
Owner & transaction history
Branom Living Trust · 11 yrs held
Branom Living Trust
since 2015
7 recorded transactions
Zoning & alternative use
R1-10 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+59.8%
Retail stores
$995,000
+31.5%
Medical building
$885,000
+17.2%
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 Phoenix submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phoenix 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)
$755,000
Current use
OFFICE BUILDING
$1,205,000
Change: +60% · Conversion: Difficult
RETAIL STORES
$995,000
Change: +32% · Conversion: Difficult
MEDICAL BUILDING
$885,000
Change: +17% · Conversion: Difficult
WAREHOUSE, STORAGE
$865,000
Change: +15% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$850,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$740k
Range $666k – $814k · ±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
$222 / 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
$4,062
Tax year 2023
Assessed value
$69,180
Assessed 2024
Previous assessed
$58,650
+18.0% YoY
Effective rate
5.87%
On assessed value
Land market value
$138,300
Improvement market value
$553,500
Total market value
$691,800
Applied tax rate
61,300.0000
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
1952
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Rooms
8
Bathrooms
2
Total area
3,333 SF
Lot
0.38 ac (16,702 SF)
Zoning code
R1-10
APN
157-03-027
UPID
US07-2709218
Jurisdiction
MARICOPA
Zoning & alternative use
R1-10 · Phoenix, AZ
Zoning R1-10 · permitted uses
R1-10 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phoenix. 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
$755,000
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$995,000
MEDICAL BUILDING
Est. value
$885,000
WAREHOUSE, STORAGE
Est. value
$865,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$850,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1952
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
Branom Living Trust
Trust
Mailing address
7842 N 16TH LN, PHOENIX, AZ 85021-7006
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
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
Apr 27, 2020
—
Joseph M Branom JR.
—
Deed
related
$274,000 · Paramount Residential Mortgage Group INC
May 21, 2015
—
Branom Living Trust
Branom Joseph M JR & C Jane
Quit Claim Deed
related
—
Jun 28, 2012
$300,000
Joe Branom
Jones,joseph & Korri
Warranty Deed
—
Jun 28, 2012
—
Joseph M Branom JR.
Branom,joe & Jane
Quit Claim Deed
related
—
Jun 24, 2008
—
Joseph Jones
Jkj1 Alh LLC
Warranty Deed
—
Apr 11, 2008
—
Jkj1 Alh LLC
Jones,joseph & Korri
Warranty Deed
—
Jan 23, 2008
$565,000
Joseph Jones
Kerry M Austin
Warranty Deed
$35,000 · Jpmorgan Chase Bank NA
Jun 15, 1999
$80,000
Kerry M Austin
Tucci Trust
Grant Deed
—
Sep 19, 1997
—
Anna T Flint Trust
Anna T Flint
Quit Claim Deed
related
—
—
—
Kerry M Austin
—
Deed Of Trust
related
$165,000 · Wachovia Bank Of Delaware NA
—
—
Kerry M Austin
—
Deed Of Trust
related
$370,000 · Washington Mutual Fsb
—
—
Kerry M Austin
—
Deed Of Trust
related
$60,000 · Desert School FCU
—
—
Kerry M Austin
—
Deed Of Trust
related
$45,000 · Desert School FCU
—
—
Kerry M Austin
—
Deed Of Trust
related
$100,000 · Wachovia Bank Of Delaware NA
—
—
Kerry M Austin
—
Deed Of Trust
related
$120,000 · Desert School FCU
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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