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Property profile & analytics
OFF-MARKET
Assisted living facilities
8919 Hobart St, Mesa, AZ 85207-4208
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-2271834
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2001
Construction
FRAME
Total area
2,248 SF
Lot
0.28 ac (12,094 SF)
Zoning code
RS-7
APN
218-06-203
UPID
US07-2271834
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
Hobart Street Investments LLC · 5 yrs held
Hobart Street Investments LLC
since 2021
7 recorded transactions
Zoning & alternative use
RS-7 · 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
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
$3,348
Tax year 2023
Assessed value
$53,600
Assessed 2024
Previous assessed
$46,110
+16.2% YoY
Effective rate
6.25%
On assessed value
Land market value
$107,200
Improvement market value
$428,800
Total market value
$536,000
Applied tax rate
41,000.0000
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
2001
Construction
FRAME
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Rooms
7
Bathrooms
3
Total area
2,248 SF
Lot
0.28 ac (12,094 SF)
Zoning code
RS-7
APN
218-06-203
UPID
US07-2271834
Jurisdiction
MARICOPA
Zoning & alternative use
RS-7 · Mesa, AZ
Zoning RS-7 · permitted uses
RS-7 · 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.
Building & site characteristics
From public records
Year built
2001
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Rooms
7
Bathrooms
3
Lot
0.28 ac
Current owner
From public records · entity-resolved
Hobart Street Investments LLC
Entity
Mailing address
9053 E HOBART ST, MESA, AZ 85207-4248
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
Mar 24, 2021
—
Hobart Street Investments LLC
Jerry T Beavers II
Special Warranty Deed
—
Aug 28, 2020
—
Jerry T Beavers
Jtb Capital LLC
Warranty Deed
$156,700 · Cornerstone Home Lending INC
Jul 23, 2014
—
Jtb Capital LLC
Beavers,jerry T II
Quit Claim Deed
—
May 2, 2014
$265,000
Jerry T Beavers II
Ryan Haskins
Warranty Deed
$198,750 · Nova Financial & Investment Corp
Jun 14, 2007
$425,000
Ryan Haskins
Michael J Mahaffey
Warranty Deed
$412,250 · Americas Wholesale Lender
Oct 26, 2001
$179,990
Michael J Mahaffey
Lennar Homes Of Arizona INC
Grant Deed
$176,900 · Universal American Mortgage Co
May 4, 2001
—
Lennar Homes Of Arizona INC
Lennar Communities Development
Quit Claim Deed
related
—
—
—
Ryan Haskins
—
Deed Of Trust
related
$425,041 · Bac Home Loans Servicing LP
—
—
Michael J Mahaffey
—
Deed Of Trust
related
$179,000 · Capitol Commerce Mortgage Co
—
—
Michael J Mahaffey
—
Deed Of Trust
related
$31,366 · Bank One NA
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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