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    1011 W Holmes Ave Mesa, AZ 85210
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    Property profile & analytics

    1011 W Holmes Ave, Mesa, AZ 85210

    View on Map
    • Hotels
    • 215,948 SF
    • 4.06 lot acres
    For Sale
    $20,855,000
    View Listing →
    Mesa Hospitality Property for Sale For Sale
    $20,855,000

    Mesa Hospitality Property for Sale

    Hospitality property in Mesa, Arizona, available for purchase.

    1011 W Holmes Ave, Mesa, AZ 85210
    View Listing
    Property ID
    US07-0884904
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    6.3%
    Hotels
    Location Intelligence

    Current Use by 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

    Property Details for 1011 W Holmes Ave

    Year built
    1986
    Construction
    STEEL FRAME
    Lot size
    4.06 lot acres
    Zone code
    LC
    Property type
    Hotels
    APN
    134-23-031A
    APU
    13423031A

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 3, 2024 — Fs Creit Finance Holdings LLC — Deed · related $3.4M · Fs Credit Finance Gs 1 LLC
    Feb 6, 2020 $21,500,000 Lcof Phoenix Mesa Investments LLC Sun Quorum LLC Special Warranty Deed $16.6M · Peoples United Bank
    Apr 2, 2012 — Sun Quorum LLC — Deed Of Trust · related $9.1M · Sunamerica Life Insurance Co
    Dec 15, 2008 — Sun Quorum LLC — Deed Of Trust · related $9.1M · 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 $9.1M · Miscellaneous Ins Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $20,465,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $21,630,000
      6.5%
      $19,965,000
      7%
      $18,540,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.854
    Latitude
    33.3874
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $251,832
    $0.00
    $0.00
    $2,556,890
    -
    $1,968,500
    $13,527,800
    $15,496,300

    Comparable in this City

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      39,957 SF

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      HOTEL
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      65,394 SF

      902 Grv Ave

      HOTEL
      902 Grv Ave, Mesa, AZ 85210-4930
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    • Value Estimation
      $45,330,000
      120,926 SF

      1600 Country Clb Dr

      HOTEL
      1600 Country Clb Dr, Mesa, AZ 85210-6002
      View Details
    • Value Estimation
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      31,206 SF

      1405 Westwood

      HOTEL
      1405 Westwood, Mesa, AZ 85210-4915
      View Details
    • Value Estimation
      $20,735,000
      42,939 SF

      455 Baseline Rd

      MOTEL
      455 Baseline Rd, Mesa, AZ 85210-6006
      View Details
    • Value Estimation
      $3,925,000
      13,195 SF

      22 Country Clb Dr

      MOTEL
      22 Country Clb Dr, Mesa, AZ 85210-1223
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mesa Hospitality Property for Sale

      Hospitality property in Mesa, Arizona, available for purchase.
      1011 W Holmes Ave, Mesa, AZ 85210
      View Details
    • $4,360,000
      27,660 SF

      Two-Story Office Building For Sale

      Two-story office building with covered parking and freeway access.
      1837 South Mesa Dr, Mesa, AZ 85210
      View Details
    • Contact for pricing
      74,396 SF

      Mesa Industrial Property For Sale

      74,396 SF industrial property available in Mesa, Arizona.
      1255 S Pasadena St, Mesa, AZ 85210
      View Details
    • Contact for pricing
      5,023 SF

      Mesa Retail NNN Investment Opportunity

      Long-term NNN lease with corporate guaranty in Mesa, Arizona.
      1411 S Country Club Dr, Mesa, AZ 85210
      View Details
    • $699,000

      Mesa Multifamily Commercial Property

      Multifamily property suitable for Airbnb or commercial use.
      225 W 1St Ave, Mesa, AZ 85210
      View Details

    Similar Nearby for Lease

    • $0.99 SF/Yr

      Mesa Industrial Space Available

      Industrial space for lease in Mesa, Arizona.
      638 W Broadway Rd, Mesa, AZ 85210
      View Details
    • $1,750 /Mo

      Freestanding Office with Yard

      Freestanding office with yard available for lease on Broadway Rd.
      506 W Broadway Rd, Mesa, AZ 85210
      View Details
    • $1.10 SF/Yr
      21,318 SF

      Mesa Office & Warehouse Space

      Office and warehouse spaces in central Mesa location available for rent.
      950 W Birchwood Ave, Mesa, AZ 85210
      View Details
    • $12 SF/Yr

      Retail Space with Office/Work Area

      Retail space with office, workspace, roll-up door, and fenced yard.
      161 East Broadway Rd, Mesa, AZ 85210
      View Details
    • Contact for pricing
      18,612 SF

      Mesa Mixed-Use Shopping Center

      Mixed-use shopping center with retail and employment opportunities.
      1280 South Country Club Dr, Mesa, AZ 85210
      View Details

    Property Visit Statistics

    • Visits by month
      23.6k
    • Visitors by month
      10.8k
    • Avg Time on site
      403 min
    View Listing
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    Mesa, AZ 85210
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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