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Property profile & analytics
OFF-MARKET
Assisted living facilities
8497 Nicolet Ave, Glendale, AZ 85305-6952
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-3467475
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2004
Construction
FRAME
Total area
4,651 SF
Lot
0.31 ac (13,295 SF)
Zoning code
R1-10
APN
142-28-522
UPID
US07-3467475
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Alex Chheung · 4 yrs held
Alex Chheung
since 2021
Last sale
$425,000
7 recorded transactions
Zoning & alternative use
R1-10 · Glendale, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,818
Tax year 2023
Assessed value
$60,930
Assessed 2024
Previous assessed
$54,270
+12.3% YoY
Effective rate
6.27%
On assessed value
Land market value
$121,800
Improvement market value
$487,500
Total market value
$609,300
Applied tax rate
110,700.0000
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
2004
Construction
FRAME
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Rooms
15
Total area
4,651 SF
Lot
0.31 ac (13,295 SF)
Zoning code
R1-10
APN
142-28-522
UPID
US07-3467475
Jurisdiction
MARICOPA
Zoning & alternative use
R1-10 · Glendale, AZ
Zoning R1-10 · permitted uses
R1-10 · 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.
Building & site characteristics
From public records
Year built
2004
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Rooms
15
Lot
0.31 ac
Current owner
From public records · entity-resolved
Alex Chheung
Individual
Mailing address
8497 W NICOLET AVE, GLENDALE, AZ 85305-6952
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2024
—
Alex Chheung
—
Deed
related
$400,000 · Mutual Of Omaha Mortgage INC
Feb 22, 2022
—
Alex Chheung
—
Deed
related
$240,636 · Us Bank NA
Aug 4, 2021
—
Alex Chheung
Alex Chheung
Intrafamily Transfer
related
$255,000 · Wells Fargo Bank NA
Dec 7, 2020
—
Alex Chheung
—
Deed
related
$255,000 · Wells Fargo Bank NA
Dec 27, 2017
—
Alex Chheung
Matteson,stephanie
Grant Deed
related
—
Dec 20, 2017
$425,000
Alex Chheung
Stephanie Matteson
Warranty Deed
$340,000 · Academy Mortgage Corp
Jun 18, 2012
$241,500
Stephanie Matteson
The Bank Of New York Mellon
Special Warranty Deed
—
Aug 18, 2011
$247,500
Bank Of New York Mellon 2007-22
Recontrust Co
Trustees Deed
related
—
Jun 29, 2007
$635,000
Petru Caran
Daniel Leahu
Warranty Deed
$508,000 · Americas Wholesale Lender
Dec 30, 2004
$381,210
Daniel Leahu
Fulton Homes Sales Corp
Grant Deed
$304,928 · America's Wholesale Lender
Dec 30, 2004
$316,363
Fulton Homes Sales Corp
Fulton Homes Corp
Grant Deed
related
—
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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