Property profile

122 2nd St Phoenix, AZ 85004

OFF-MARKET
Hotels
Property ID
US07-1154128
588,420 SF 2.07 ac lot Built 1975
Entity Owned 8-yr Hold Free & Clear
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1975
Construction STEEL FRAME
Total area 588,420 SF
Lot 2.07 ac (90,102 SF)
Zoning code DTC-BCORE
APN 112-28-044A
UPID US07-1154128

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Acoustical Consultant
  • Auto Repair Shop (Bike/Boat/Book/etc) Store
  • Rental Equipment Company Tech Support Center
  • Courier Service
  • Bar & Pub Restaurant

Location

122 2nd St Phoenix, AZ 85004-2304
Phoenix metro Census 114100 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$164.77M
Blend (final) Blend
$161.15M

Owner & transaction history

since 2018
5 recorded transactions
2018
$140.0M
2017
$107.0M
2008
$96.0M
2003
Price N/A
1998
Price N/A

Zoning & alternative use

DTC-BCORE · Phoenix, AZ
Zoning description

The Business Core character area should function as a strong regional center for employment, entertainment, conventions, tourism, and cultural institutions, drawing visitors from around the country and attracting residen…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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