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Property profile & analytics
OFF-MARKET
Estimated value
$6,995,000
Motels
1375 University Dr Tempe, AZ 85288-8463
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-0129992
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1998
Construction
STEEL FRAME
Total area
22,793 SF
Lot
0.91 ac (39,808 SF)
Zoning code
PCC-1
APN
132-59-057
UPID
US07-0129992
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
-
The Tempest Hotel Tempe Asu, Ascend Hotel Collection Hotel & Motel
-
Hotel Tempest, Trademark Collection by Wyndham Hotel & Motel
-
Earth Sugar Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.65M
Blend (final)
Blend
$7.00M
Owner & transaction history
Jay Sagar LLC · 3 yrs held
Jay Sagar LLC
since 2022
Last sale
$7.5M
7 recorded transactions
Zoning & alternative use
PCC-1 · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The neighborhood PCC-1 district is intended to provide retailing, services and entertainment uses oriented to serve the needs of the neighborhood, community or the metropolitan region. Residential uses may be allowed subject to a use permit for the purpose of revitalizing an existing commercial center.
Zone name
Planned Commercial Center Neighborhood
General category
COMMERCIAL
Zone area
595.35 ac
Source
Realmo
Top alternative use upside
Neighborhood: shopping center
$11.4M
+26.2%
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 Tempe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tempe 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
$6,735,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$9,070,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$11,445,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$7.00M
Range $6.30M – $7.69M · ±10% · vs last sale $7.50M (Oct 4 2022)
Last sale anchor
$7.50M
Oct 4 2022
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
$307 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$39,089
Tax year 2023
Assessed value
$587,281
Assessed 2024
Previous assessed
$532,219
+10.3% YoY
Effective rate
6.66%
On assessed value
Land market value
$1,313,600
Improvement market value
$2,245,680
Total market value
$3,559,280
Applied tax rate
31,600.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1998
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
3
Units
52
Total area
22,793 SF
Lot
0.91 ac (39,808 SF)
Zoning code
PCC-1
APN
132-59-057
UPID
US07-0129992
Jurisdiction
MARICOPA
Zoning & alternative use
PCC-1 · Tempe, AZZoning PCC-1 · permitted uses
PCC-1 · Tempe, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The neighborhood PCC-1 district is intended to provide retailing, services and entertainment uses oriented to serve the needs of the neighborhood, community or the metropolitan region. Residential uses may be allowed subject to a use permit for the purpose of revitalizing an existing commercial center.
Zone name
Planned Commercial Center Neighborhood
General category
COMMERCIAL
Zone area
595.35 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$9.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.4M
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
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
1998
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
3
Units
52
Lot
0.91 ac
Current owner
From public records · entity-resolved
Jay Sagar LLC
Entity
Mailing address
6351 E WILSHIRE DR, SCOTTSDALE, AZ 85257-1122
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2022
$7,500,000
Jay Sagar LLC
1875 E University Owner LLC
Special Warranty Deed
$1,500,000 · American Bank NA
Jun 28, 2018
$3,700,000
1875 E University Owner LLC
Tanar Hospitality INC
Grant Deed
$5,000,000 · Poppy Bk
Sep 29, 2016
—
Tanar Hospitality INC
—
Deed
related
$1,406,766 · Interbank
Mar 2, 2004
$2,000,000
Tanar Hospitality INC
Tempe Ate Hotels LLC
Grant Deed
$900,000 · Premier Commercial Bank NA
Aug 20, 2001
$1,750,000
Tempe Ate Hotels LLC
Tempe Lending Holdings LLC
Grant Deed
related
$1,702,500 · Bnc National Bank
Feb 13, 2001
—
Tempe Lending Holdings LLC
Tempe Holdings LLC
Quit Claim Deed
related
—
May 21, 1998
$253,230
Tempe Holdings LLC
Microtel Inns Realy Corp
Grant Deed
related
$1,873,000 · Constellation Lending Fund LLC
—
—
Tanar Hospitality INC
—
Deed Of Trust
related
$2,000,000 · Lasalle National Bank
—
—
Tanar Hospitality INC
—
Deed Of Trust
related
$1,406,766 · Interbank
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.
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