New search
Property profile & analytics
OFF-MARKET
Assisted living facilities
9510 Minnezona Ave 2, Phoenix, AZ 85037-1346
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-2424645
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2001
Construction
FRAME
Total area
1,911 SF
Lot
0.16 ac (6,875 SF)
Zoning code
R1-6
APN
102-18-736
UPID
US07-2424645
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
Lay Htoo · 2 yrs held
Lay Htoo
since 2024
Last sale
$409,895
7 recorded transactions
Zoning & alternative use
R1-6 · Phoenix, 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 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
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
$2,062
Tax year 2023
Assessed value
$32,650
Assessed 2024
Previous assessed
$32,650
+0.0% YoY
Effective rate
6.32%
On assessed value
Land market value
$65,300
Improvement market value
$261,200
Total market value
$326,500
Applied tax rate
921,300.0000
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
2001
Construction
FRAME
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Rooms
8
Bathrooms
2
Total area
1,911 SF
Lot
0.16 ac (6,875 SF)
Zoning code
R1-6
APN
102-18-736
UPID
US07-2424645
Jurisdiction
MARICOPA
Zoning & alternative use
R1-6 · Phoenix, AZ
Zoning R1-6 · permitted uses
R1-6 · 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.
Building & site characteristics
From public records
Year built
2001
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Lay Htoo
Individual
Mailing address
9510 W MINNEZONA AVE, PHOENIX, AZ 85037-1346
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2024
$409,895
Lay Htoo
Timothy L Kelly
Warranty Deed
$397,598 · Cmg Mortgage INC
Feb 8, 2021
—
Timothy Kelly
—
Deed
related
$204,750 · United Wholesale Mortgage
Feb 26, 2008
—
Timothy L Kelly
Opm Of The Upstate Ltd
Warranty Deed
—
Jan 30, 2006
—
Timothy Kelly
Opm Of The Upstate Ltd
Quit Claim Deed
related
$70,000 · National City Bank
Jun 13, 2005
$15
Opm Of The Upstate Ltd
Kelly,timothy L
Quit Claim Deed
related
—
Apr 6, 2005
$225,000
Timothy L Kelly
Jay,chad R & Melinda J
Warranty Deed
$180,000 · Concord Mortgage
Dec 5, 2001
$142,650
Chad R Jay
Journey Homes LLC
Grant Deed
$140,559 · Countrywide Home Loans INC
Dec 5, 2001
—
Journey Homes LLC
Journey Builders LLC
Quit Claim Deed
related
—
—
—
Kelly,timothy L
—
Deed Of Trust
related
$173,150 · Flagstar Bank Fsb
—
—
Timothy Kelly
—
Deed Of Trust
related
$178,000 · Ft Financial
—
—
Chad Jay
—
Deed Of Trust
related
$142,667 · Mcafee Mtg & Investment Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 9510 Minnezona Ave, Unit 2?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
