New search
Property profile & analytics
OFF-MARKET
Estimated value
$63,690,000
Hotels
132 Central Ave, Phoenix, AZ 85004-2405
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US07-2279013
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2016
Construction
CONCRETE
Total area
226,843 SF
Lot
0.36 ac (15,728 SF)
Zoning code
DTC-BCORE
APN
112-24-217A
UPID
US07-2279013
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
-
Courtyard Phoenix Downtown Hotel & Motel
-
Residence Inn Phoenix Downtown Hotel & Motel
-
Shuttlesworth Solar Phoenix Inc. Solar Energy Company
-
Moon Lawrence R Law Firm
-
Probation Compliance Inc Probation Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$65.12M
Blend (final)
Blend
$63.69M
Owner & transaction history
Luhrs Cm LLC · 8 yrs held
Luhrs Cm LLC
since 2018
3 recorded transactions
Zoning & alternative use
DTC-BCORE · Phoenix, 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 Phoenix submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phoenix 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$95,855,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$63.69M
Range $57.32M – $70.06M · ±10%
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
$281 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$11,374
Tax year 2022
Assessed value
$5,033,070
Assessed 2024
Previous assessed
$4,735,185
+6.3% YoY
Effective rate
0.23%
On assessed value
Land market value
$1,572,800
Improvement market value
$31,981,000
Total market value
$33,553,800
Applied tax rate
11,301.0000
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
Off-Market
Year built
2016
Construction
CONCRETE
Heating
HOT WATER
Cooling
REFRIGERATOR
Buildings
2
Stories
18
Units
320
Total area
226,843 SF
Lot
0.36 ac (15,728 SF)
Zoning code
DTC-BCORE
APN
112-24-217A
UPID
US07-2279013
Jurisdiction
MARICOPA
Zoning & alternative use
DTC-BCORE · Phoenix, AZ
Zoning DTC-BCORE · permitted uses
DTC-BCORE · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phoenix. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$95.9M
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2016
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
18
Buildings
2
Units
320
Lot
0.36 ac
Current owner
From public records · entity-resolved
Luhrs Cm LLC
Entity
Mailing address
631 W KATELLA AVE, ANAHEIM, CA 92802-3410
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2018
—
Luhrs Cm LLC
—
Deed
related
$50,000,000 · Bank Of America
Sep 29, 2014
—
Luhrs Cm LLC
—
Trustees Deed
related
$43,500,000 · Bank Of The Ozarks
—
—
Luhrs Cm LLC
—
Deed Of Trust
related
$50,000,000 · Bank Of America
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?”
You own 132 Central Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
