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Property profile & analytics
OFF-MARKET
Estimated value
$16,780,000
Hotels
1601 Rio Salado Pkwy Tempe, AZ 85281-2495
Individually Owned
28-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-0897671
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1999
Construction
CONCRETE
Total area
61,602 SF
Lot
2.63 ac (114,594 SF)
Zoning code
I-1
APN
124-38-262
UPID
US07-0897671
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
-
Arazona Territory Hotel Hotel & Motel
-
1601 West Rio Salado Parkway Parking Parking Lot & Garage
-
Northwest Phlebotomy School Phoenix Vocational School Training Center
-
SpringHill Suites Phoenix Tempe/Airport Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.88M
Blend (final)
Blend
$16.78M
Owner & transaction history
Travel Inns World · 28 yrs held
Travel Inns World
since 1998
6 recorded transactions
Zoning & alternative use
I-1 · Tempe, AZ
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
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
$24,520,000
Current use
Blend value · Realmo final
$16.78M
Range $15.10M – $18.46M · ±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
$272 / 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
$130,953
Tax year 2023
Assessed value
$1,489,795
Assessed 2024
Previous assessed
$1,319,302
+12.9% YoY
Effective rate
8.79%
On assessed value
Land market value
$641,800
Improvement market value
$8,387,259
Total market value
$9,029,059
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1999
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
6
Units
99
Total area
61,602 SF
Lot
2.63 ac (114,594 SF)
Zoning code
I-1
APN
124-38-262
UPID
US07-0897671
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Tempe, AZZoning I-1 · permitted uses
I-1 · Tempe, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
zoning and development code
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$24.5M
HOTEL/MOTEL Current
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
1999
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
6
Units
99
Lot
2.63 ac
Current owner
From public records · entity-resolved
Travel Inns World
Individual
Mailing address
1405 S WESTWOOD, MESA, AZ 85210-4915
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2017
—
World Travel Inns LP Vii
—
Grant Deed
related
$6,575,000 · Wells Fargo Bk
Jan 9, 1998
$818,200
Travel Inns World
Ardell Trust
Grant Deed
—
Jan 4, 1995
$167,059
L L C Watertower
Sky Harbor Commerce Ctr
Grant Deed
$875,000
—
—
Daniel M Ardell
—
Deed Of Trust
related
—
—
—
Barclay Ardell
—
Deed Of Trust
related
—
—
—
World Travel Inns LP Vii
—
Deed Of Trust
related
$3,500,000 · National Bank Arizona
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
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