11 7Th St Tempe, AZ 85281
Property profile & analytics
11 7Th St Tempe, AZ 85281
- Hotels
- 241,286 SF
- 0.85 lot acres
Property ID
US07-1413480
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.
Location Intelligence
Current Use by Public Records
- Cup of Joe Market Cafe / Cafe & Coffee Shop
- Terra Tempe Kitchen & Spirits / Restaurant
- Skysill Rooftop Lounge / Bar & Pub / Nightclub
- The Westin Tempe / Hotel & Motel
- Encore / IT Consulting Firm / Tech Support Center
Property Details for 11 7Th St
- Year built
- 2021
- Lot size
- 0.85 lot acres
- Property size
- 241,286 SF
- Zone code
- CC
- Property type
- Hotels
- APN
- 132-27-359
- APU
- 13227359
Description
This exceptional investment opportunity presents a 290-room Westin Tempe hotel, a 17-story, 290,383 square-foot building on a 0.85-acre lot. Located at 11 E 7th St, Tempe, AZ 85281, this prime property boasts a 100% occupancy rate and a strong net operating income (NOI) of $7,000,000, resulting in a 6.09% cap rate. The asking price is $115,000,000, translating to $396.03 per square foot. The property benefits from a 25-year absolute net lease with four 5-year option periods and 2% annual rent increases, secured by a strong multi-unit franchisee. Its strategic location in Tempe, adjacent to Arizona State University (enrollment exceeding 112,100 students), offers exceptional access to a vibrant student population and a thriving urban environment. Proximity to Phoenix Sky Harbor International Airport (PHX) and the Valley Metro Rail further enhances its appeal. The hotel, completed in 2021, is a 4-star establishment, providing luxurious accommodations. Nearby attractions include Sun Devil Stadium, Desert Financial Arena, and Tempe Town Lake. This is a rare opportunity to acquire a high-performing, luxury hotel asset with significant long-term growth potential in a rapidly expanding market. The property's strong tenant, long-term lease, and built-in rent increases provide a stable and inflation-resistant investment.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $66,113,000
- AI Estimate
- $65,322,000
Market price range: $39.3M - $175MMarket price range: $31.4M - $169M -
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $96,035,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Tempe
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.939
- Latitude
- 33.4228
- 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
$467,122
$0.00
$0.00
$5,835,407
-
$2,963,600
$32,402,500
$35,366,100
