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Property profile & analytics
OFF-MARKET
Estimated value
$1,335,000
Assisted living facilities
7935 Palm Ln, Scottsdale, AZ 85257-2221
Entity Owned
5-yr Hold
Property ID
US07-0402660
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1961
Construction
CONCRETE BLOCKS
Total area
3,706 SF
Lot
0.29 ac (12,559 SF)
Zoning code
R1-7
APN
131-10-119
UPID
US07-0402660
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
-
Palm Desert Assisted Living and Memory Care Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$1.34M
Owner & transaction history
Palm Lane LLC · 5 yrs held
Palm Lane LLC
since 2021
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
R1-7 · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.8M
+55.7%
Retail stores
$1.7M
+46.7%
Auto repair, garage
$1.5M
+31.2%
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 Scottsdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Scottsdale 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
$1,115,000
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)
$1,165,000
Current use
COMMERCIAL (GENERAL)
$1,810,000
Change: +56% · Conversion: Difficult
RETAIL STORES
$1,705,000
Change: +47% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,525,000
Change: +31% · Conversion: Difficult
MEDICAL BUILDING
$1,295,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$1.34M
Range $1.20M – $1.47M · ±10% · vs last sale $1.33M (Jun 15 2021)
Last sale anchor
$1.33M
Jun 15 2021
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
$360 / 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
$2,538
Tax year 2023
Assessed value
$83,970
Assessed 2024
Previous assessed
$77,100
+8.9% YoY
Effective rate
3.02%
On assessed value
Land market value
$167,900
Improvement market value
$671,800
Total market value
$839,700
Applied tax rate
481,400.0000
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
1961
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Rooms
7
Bathrooms
2
Total area
3,706 SF
Lot
0.29 ac (12,559 SF)
Zoning code
R1-7
APN
131-10-119
UPID
US07-0402660
Jurisdiction
MARICOPA
Zoning & alternative use
R1-7 · Scottsdale, AZ
Zoning R1-7 · permitted uses
R1-7 · Scottsdale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Scottsdale. 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
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.3M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL 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
1961
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Rooms
7
Bathrooms
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
Palm Lane LLC
Entity
Mailing address
PO BOX 10540, PHOENIX, AZ 85064-0540
Ownership since
2021
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
Oct 7, 2022
—
Palm Lane LLC
—
Deed
related
$1,085,000 · Citadel Servicing Corporation
Jun 15, 2021
$1,333,333
Palm Lane LLC
Paul Bomongcag
Special Warranty Deed
$2,000,000 · Sound Capital LLC
May 23, 2018
—
Paul Bomongcag
—
Deed
related
$520,000 · Brown Equity Fund III LLC
Dec 19, 2017
$375,000
Paul Bomongcag
Kostric,family Trust
Warranty Deed
$485,000 · Brown Equity Fund III LLC Brown Equity Fund III LLC
Aug 22, 2007
—
Kostric Family Trust
Kostric,frank III & Vivian
Quit Claim Deed
related
—
—
—
Frank Kostric
—
Deed Of Trust
related
$49,000 · Southwest Savings & Loan
—
—
Frank J Kostric
—
Deed Of Trust
related
$250,000 · Bank Of America
—
—
Frank Kostric
—
Deed Of Trust
related
$50,000 · Bank Of America
—
—
Frank J Kostric III
—
Deed Of Trust
related
$100,000 · Bank Of America
—
—
Paul Bomongcag
—
Deed Of Trust
related
$520,000 · Brown Equity Fund III LLC
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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