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Property profile & analytics
OFF-MARKET
Estimated value
$6,500,000
Motels
1612 Scottsdale Rd 2 Tempe, AZ 85288-1512
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-2650915
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1975
Construction
CONCRETE
Total area
7,636 SF
Lot
1.38 ac (60,000 SF)
Zoning code
M-H
APN
132-71-118C
UPID
US07-2650915
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
-
Motel 6 Tempe, AZ - Scottsdale South Hotel & Motel
-
Tempe Housing Society
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.39M
Blend (final)
Blend
$6.50M
Owner & transaction history
America First Federal Credit Union · 3 yrs held
America First Federal Credit Union
since 2023
Last sale
$7.5M
7 recorded transactions
Zoning & alternative use
M-H · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
zoning and development code
Top alternative use upside
Restaurant
$5.3M
+75.1%
Auto repair, garage
$5.3M
+72.7%
Retail stores
$4.0M
+32.3%
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 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
$6,750,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$5,325,000
Change: +75% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,250,000
Change: +73% · Conversion: Difficult
RETAIL STORES
$4,020,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$6.50M
Range $5.85M – $7.15M · ±10% · vs last sale $7.52M (Mar 9 2022)
Last sale anchor
$7.52M
Mar 9 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
$851 / 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
$36,776
Tax year 2023
Assessed value
$475,654
Assessed 2024
Previous assessed
$475,654
+0.0% YoY
Effective rate
7.73%
On assessed value
Land market value
$1,429,200
Improvement market value
$1,453,554
Total market value
$2,882,754
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
1975
Construction
CONCRETE
Heating
NONE
Buildings
3
Stories
2
Units
101
Total area
7,636 SF
Lot
1.38 ac (60,000 SF)
Zoning code
M-H
APN
132-71-118C
UPID
US07-2650915
Jurisdiction
MARICOPA
Zoning & alternative use
M-H · Tempe, AZZoning M-H · permitted uses
M-H · 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
RESTAURANT
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$5.3M
RETAIL STORES
Est. value
$4.0M
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
1975
Construction
CONCRETE
Heating
NONE
Stories
2
Buildings
3
Units
101
Lot
1.38 ac
Current owner
From public records · entity-resolved
America First Federal Credit Union
Individual
Mailing address
PO BOX 741328, DALLAS, TX 75374-1328
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2024
—
Mk Scottsdale South LLC
—
Deed
related
$13,162,500 · Ni Capital LLC
Jan 31, 2023
—
America First Federal Credit Union
Mk Scottsdale South LLC
Assignment Of Lease (leasehold Sale)
related
$8,800,000 · America First FCU
Mar 9, 2022
$7,515,244
Mk Scottsdale South LLC
G6 Hospitality Property LLC
Special Warranty Deed
$8,800,000 · Ni Capital II LLC
Sep 13, 2021
—
G6 Hospitality Property LLC
—
Deed
related
$685,000,000 · Jpmorgan Chase Bank NA
Nov 18, 2019
—
Scottsdale & Hancock LLC
—
Deed
related
$750,000 · Basea LLC
Aug 10, 2017
—
G6 Hospitality Property LLC
—
Grant Deed
related
$2,010,000,000 · Jp Morgan Chase Bk
Sep 14, 2012
$25,417
G6 Hospitality Property LLC
Glasjar Property LLC
Grant Deed
—
Sep 14, 2012
$4,615,248
G6 Hospitality Property LLC
Gj Remainder LLC
Grant Deed
—
Feb 28, 2001
$46,860
Gj Remainder LLC
Glasjar Funding LP
Trustees Deed
—
Feb 28, 2001
$4,481,660
Glasjar Property LLC
Glasjar Funding LP
Trustees Deed
related
—
Mar 4, 1997
—
Allstar Inns INC
Motel 6 G P
Grant Deed
related
—
Feb 19, 1997
$4,651,593
Funding L P Glasjar
Allstar Inns INC
Grant Deed
related
$310,250,000 · Chase Manhattan Bank
Feb 17, 1994
—
Allstar Inns INC
Allstar Inns Ope
Quit Claim Deed
related
—
—
—
Scottsdale & Hancock LLC
—
Deed Of Trust
related
$750,000 · Basea LLC
—
—
G6 Hospitality Property LLC
—
Deed Of Trust
related
$1,800,000,000 · German Am Cap
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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