Back to Search
Property profile & analytics
FOR SALE
Hotels
1011 W Holmes Ave Mesa, AZ 85210
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-0884904
For Sale
$20,855,000
1011 W Holmes Ave, Mesa, AZ 85210
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1986
Construction
STEEL FRAME
Total area
215,948 SF
Lot
4.06 ac (176,854 SF)
Zoning code
LC
APN
134-23-031A
UPID
US07-0884904
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
-
Mesa West Rotary Club. Nightclub Music Venue
-
DoubleTree by Hilton Phoenix Mesa Hotel & Motel
-
The Resident Restaurant
-
Tesla Destination Charger Electric Vehicle Charging Station
-
Dumpster Rentals of Mesa Car Dealership Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.97M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.86M
Owner & transaction history
Lcof Phoenix Mesa Investments LLC · 6 yrs held
Lcof Phoenix Mesa Investments LLC
since 2020
Last sale
$21.5M
7 recorded transactions
Zoning & alternative use
LC · 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
Method
Estimation
Statistic approach
$20,465,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$21,630,000
6.5%
$19,965,000
7%
$18,540,000
Blend value · Realmo final
$20.86M
Range $18.77M – $22.94M · ±10% · vs last sale $21.50M (Feb 6 2020)
Last sale anchor
$21.50M
Feb 6 2020
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
$97 / 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
$251,832
Tax year 2023
Assessed value
$2,556,890
Assessed 2024
Previous assessed
$2,365,193
+8.1% YoY
Effective rate
9.85%
On assessed value
Land market value
$1,968,500
Improvement market value
$13,527,800
Total market value
$15,496,300
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
Hotels
Use group
HOTEL
Status
For Sale
Year built
1986
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
REFRIGERATOR
Buildings
2
Stories
8
Units
263
Total area
215,948 SF
Lot
4.06 ac (176,854 SF)
Zoning code
LC
APN
134-23-031A
UPID
US07-0884904
Jurisdiction
MARICOPA
Zoning & alternative use
LC · Mesa, AZ
Zoning LC · permitted uses
LC · 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
1986
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
8
Buildings
2
Units
263
Lot
4.06 ac
Current owner
From public records · entity-resolved
Lcof Phoenix Mesa Investments LLC
Entity
Mailing address
225 WATER ST STE A125, PLYMOUTH, MA 02360-6247
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2024
—
Fs Creit Finance Holdings LLC
—
Deed
related
$3,360,000 · Fs Credit Finance Gs 1 LLC
Feb 6, 2020
$21,500,000
Lcof Phoenix Mesa Investments LLC
Sun Quorum LLC
Special Warranty Deed
$16,600,000 · Peoples United Bank
Apr 2, 2012
—
Sun Quorum LLC
—
Deed Of Trust
related
$9,100,000 · Sunamerica Life Insurance Co
Dec 15, 2008
—
Sun Quorum LLC
—
Deed Of Trust
related
$9,100,000 · Sunamerica Life Insurance Co
Aug 1, 1995
$16,150,000
Quorum L L C Sun
Mutual Company Of New Yor
Grant Deed
—
Oct 3, 1988
—
Mutual Life Insu
—
Deed Of Trust
related
—
Jun 16, 1987
—
William H Coury
—
Deed Of Trust
related
—
—
—
Sun Quorum LLC
—
Loan Modification
related
$9,100,000 · Miscellaneous Ins 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?”
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.
