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Property profile & analytics
OFF-MARKET
Estimated value
$5,605,000
Motels
1515 Grand Ave, Phoenix, AZ 85007-2009
Entity Owned
33-yr Hold
Free & Clear
Property ID
US07-1017261
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1952
Construction
CONCRETE
Total area
26,364 SF
Lot
1.12 ac (48,705 SF)
Zoning code
C-3
APN
111-16-090
UPID
US07-1017261
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
-
Teen Challenge of Arizona - Greater Phoenix Men's Center Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.64M
Blend (final)
Blend
$5.61M
Owner & transaction history
City Of Phoenix · 33 yrs held
City Of Phoenix
since 1993
7 recorded transactions
Zoning & alternative use
C-3 · 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
Blend value · Realmo final
$5.61M
Range $5.04M – $6.17M · ±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
$213 / 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
Assessed value
$411,430
Assessed 2024
Previous assessed
$187,515
+119.4% YoY
Land market value
$1,704,600
Improvement market value
$1,038,270
Total market value
$2,742,870
Applied tax rate
11,300.0000
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
1952
Construction
CONCRETE
Heating
NONE
Stories
2
Total area
26,364 SF
Lot
1.12 ac (48,705 SF)
Zoning code
C-3
APN
111-16-090
UPID
US07-1017261
Jurisdiction
MARICOPA
Zoning & alternative use
C-3 · Phoenix, AZ
Zoning C-3 · permitted uses
C-3 · 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.
Building & site characteristics
From public records
Year built
1952
Construction
CONCRETE
Heating
NONE
Stories
2
Lot
1.12 ac
Current owner
From public records · entity-resolved
City Of Phoenix
Entity
Free & Clear · 33 yrs held
Mailing address
PO BOX 5966, TUCSON, AZ 85703-0966
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1993
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2021
—
Teen Challenge Of Arizona INC
—
Deed
related
$2,400,000 · Assemblies Of God Loan Fund
Mar 30, 2018
—
Teen Challenge Of Arizona INC
—
Deed
related
$2,535,000 · Assemblies/god Ln Fin
Aug 11, 2016
—
Teen Challenge Of Arizona INC
—
Deed
related
$500,000 · Assemblies/god Ln Fin
May 7, 2010
—
Teen Challenge Of Arizona INC
—
Deed Of Trust
related
$2,530,000 · Assemblies Of God Fin'l Svcs
Apr 22, 1993
—
City Of Phoenix
Teen Challenge I
Grant Deed
related
—
Oct 13, 1992
—
Teen Challenge INC
Olsen-court Appo
Grant Deed
related
—
Aug 14, 1992
—
Glenn L Bowlus
Bowlus
Quit Claim Deed
related
—
—
—
Teen Challenge Of Arizona INC
—
Deed Of Trust
related
$500,000 · Assemblies/god Ln Fin
—
—
Teen Challenge Of Arizona INC
—
Deed Of Trust
related
$2,611,500 · Assemblies Of God Fin'l Svcs
—
—
Challenge Of Arizona INC
—
Deed Of Trust
related
$192,398 · Compass Bank
—
—
Teen Challenge Of Arizona INC
—
Deed Of Trust
related
$2,535,000 · Assemblies/god Ln Fin
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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