Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1101 44th St Phoenix, AZ 85008-5704
    Property profile & analytics

    1101 44th St, Phoenix, AZ 85008-5704

    View on Map
    • Hotels
    • 241,071 SF
    • 7.10 lot acres
    Off-Market
    Property ID
    US07-0965381
    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
    Location Intelligence

    Current Use by Public Records

    • Marriott Phoenix Airport / Hotel & Motel
    • 1101 North 44th Street Parking / Parking Lot & Garage
    • Audio Visual Associates / IT Consulting Firm / Tech Support Center
    • Red Rim Bistro and Lounge / Restaurant

    Property Details for 1101 44th St

    Year built
    1998
    Construction
    STEEL FRAME
    Lot size
    7.10 lot acres
    Zone code
    C-C
    Property type
    Hotels
    APN
    125-16-034
    APU
    12516034

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 25, 2019 — Cp Phoenix LLC — Deed · related $40M · Ladder Cap Fin
    Apr 3, 2017 — Cp Phoenix LLC Columbia Properties Phoenix LP Quit Claim Deed $37M · Ladder Cap Fin
    Feb 9, 1999 — Columbia Properties Phoenix LP Csc Holding LLC Trustees Deed · related —
    Oct 22, 1997 $3,350,000 Columbia Sussex Corp Dmb Holding L P Grant Deed —
    — — Cp Phoenix LLC — Deed Of Trust · related $40M · Ladder Cap Fin
    — — Columbia Properties Phoenix — Deed Of Trust · related $71M · Cason Hm Lns
    — — Columbia Properties Phoenix LP — Loan Modification · related $37M · Private Individual

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $56,973,000
      Market price range: $51.5M - $216M
      AI Estimate
      $54,463,000
      Market price range: $51.0M - $207M

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.986
    Latitude
    33.4603
    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
    $594,964
    $0.00
    $0.00
    $4,403,120
    -
    $3,572,640
    $23,112,935
    $26,685,575

    Comparable in this City

    • Value Estimation
      $38,865,000
      101,716 SF

      3838 Van Buren St Bldg, Unit 1

      HOTEL
      3838 Van Buren St Bldg, Phoenix, AZ 85008-6918
      View Details
    • Value Estimation
      $26,840,000
      67,775 SF

      800 44th St

      HOTEL
      800 44th St, Phoenix, AZ 85008-6598
      View Details
    • Value Estimation
      $34,400,000
      61,012 SF

      320 44th St

      HOTEL
      320 44th St, Phoenix, AZ 85008-6501
      View Details
    • Value Estimation
      $15,415,000
      19,120 SF

      4357 Oak St

      HOTEL
      4357 Oak St, Phoenix, AZ 85008-2300
      View Details
    • Value Estimation
      $25,940,000
      112,640 SF

      801 44th St

      HOTEL
      801 44th St, Phoenix, AZ 85008-6569
      View Details
    • Value Estimation
      $29,765,000
      104,663 SF

      427 44th St

      HOTEL
      427 44th St, Phoenix, AZ 85008-6573
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Phoenix Commercial Property for Sale

      Commercial property in Phoenix with long-term tenant.
      330 N 24Th St, Phoenix, AZ 85008
      View Details
    • $484,000

      Phoenix Land Parcel For Sale

      Land parcel available in Phoenix, Arizona.
      2901 E Van Buren St, Phoenix, AZ 85008
      View Details
    • $899,900

      Well-Maintained Fourplex in Desirable Area

      Fully occupied fourplex with modern units and covered parking.
      2245 North 28Th St, Phoenix, AZ 85008
      View Details
    • $214,900

      Phoenix Land Parcel For Sale

      Land parcel available in Phoenix, Arizona.
      2522 N 28Th Pl, Phoenix, AZ 85008
      View Details
    • $500,000
      0.91 Acres

      Phoenix Land with Warehouse

      0.91 acres in central Phoenix with warehouse and quarters.
      1816 N 25Th Pl, Phoenix, AZ 85008
      View Details
    • New
      $499,000

      Phoenix Duplex with Income Potential

      Well-maintained duplex in Phoenix, ideal for investors or owner-occupants.
      1121 N 25Th Pl, Phoenix, AZ 85008
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,156 SF

      Office Space Near Sky Harbor

      Two-story office project located near Sky Harbor Airport.
      2048 N 44Th St, Phoenix, AZ 85008
      View Details
    • Contact for pricing
      9,890 SF

      Phoenix Office Space for Lease

      Centrally located, renovated office space with city views.
      2800 N 44Th St, Phoenix, AZ 85008
      View Details
    • Contact for pricing
      166,171 SF

      Phoenix Logistics Center for Lease

      Class A logistics center in a quality infill location.
      625 N 47Th Pl, Phoenix, AZ 85008
      View Details
    • Contact for pricing
      2,904 SF

      Retail Space on Washington Street

      Corner retail space available for rent in Phoenix, Arizona.
      3150 E Washington St, Phoenix, AZ 85008
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Phoenix Center

      Retail spaces available in shopping center anchored by major retailers.
      3923 E Thomas Rd, Phoenix, AZ 85008
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1101 44th St
    Phoenix, AZ 85008-5704
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1101 44th St, Phoenix, AZ, 85008
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!