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Property profile & analytics
OFF-MARKET
Estimated value
$13,905,000
Motels
1550 Gilbert Rd Mesa, AZ 85204-6008
Entity Owned
16-yr Hold
Free & Clear
Property ID
US07-0045659
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1995
Construction
CONCRETE
Total area
30,333 SF
Lot
1.37 ac (59,503 SF)
Zoning code
C-G
APN
139-08-460
UPID
US07-0045659
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
-
Super 8 by Wyndham Phoenix/Mesa/Gilbert Road Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.90M
Blend (final)
Blend
$13.91M
Owner & transaction history
Luvkus LLC · 16 yrs held
Luvkus LLC
since 2009
5 recorded transactions
Zoning & alternative use
C-G · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$19.5M
+1.6%
Restaurant
$19.4M
+1.3%
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 Mesa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mesa 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
HOTEL/MOTEL
$19,160,000
Current use
COMMERCIAL (GENERAL)
$19,465,000
Change: +2% · Conversion: Difficult
RESTAURANT
$19,415,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$13.91M
Range $12.51M – $15.30M · ±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
$458 / 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
$44,088
Tax year 2022
Assessed value
$543,559
Assessed 2024
Previous assessed
$484,483
+12.2% YoY
Effective rate
8.11%
On assessed value
Land market value
$370,300
Improvement market value
$2,923,997
Total market value
$3,294,297
Applied tax rate
41,000.0000
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
1995
Construction
CONCRETE
Heating
NONE
Stories
3
Total area
30,333 SF
Lot
1.37 ac (59,503 SF)
Zoning code
C-G
APN
139-08-460
UPID
US07-0045659
Jurisdiction
MARICOPA
Zoning & alternative use
C-G · Mesa, AZ
Zoning C-G · permitted uses
C-G · Mesa, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mesa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$19.2M
COMMERCIAL (GENERAL)
Est. value
$19.5M
RESTAURANT
Est. value
$19.4M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
RESTAURANT
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
1995
Construction
CONCRETE
Heating
NONE
Stories
3
Lot
1.37 ac
Current owner
From public records · entity-resolved
Luvkus LLC
Entity
Free & Clear · 16 yrs held
Mailing address
912 W AGENCY AVE, PARKER, AZ 85344-5048
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2009
$2,300,000
Luvkus LLC
Greens Mesa LLC
Special Warranty Deed
—
Sep 8, 2005
$2,375,000
Greens Mesa LLC
The Rivett Group LLC
Warranty Deed
$1,750,000 · Ge Capital Franchise Finance Corp
May 24, 1993
—
Rivett Group L L C
Mesa Super 8 Mot
Grant Deed
related
—
Aug 31, 1992
—
Harris Trust Bank Of Arizona
Management Inves
Grant Deed
related
—
—
—
Luvkus LLC
—
Deed Of Trust
related
$1,550,000 · National Bk/az
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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