Property profile

1615 Northern Ave Phoenix, AZ 85020

OFF-MARKET
Hotels
Property ID
US07-1175690
17,760 SF 2.63 ac lot Built 1980
Individually Owned 4-yr Hold
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1980
Construction CONCRETE
Total area 17,760 SF
Lot 2.63 ac (114,672 SF)
Zoning code R-4
APN 165-21-289
UPID US07-1175690

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Hospital
  • Plumbing Service Building Supply
  • Hotel & Motel

Location

1615 Northern Ave Phoenix, AZ 85020-3932
Phoenix metro Census 105102 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$14.38M
Blend (final) Blend
$13.94M

Owner & transaction history

since 2021
Last sale
$13.8M
7 recorded transactions
2022
Price N/A
2021
$13.8M
2018
Price N/A
2017
Price N/A
2017
Price N/A
2017
$9.4M
2005
$5.1M

Zoning & alternative use

R-4 · Phoenix, AZ
Zoning description

The purpose of R-4 is to provide for alternate living styles including rental, condominiums and single ownership of land with multiple units thereon or single or attached townhomes

General category RESIDENTIAL
Top alternative use upside
Commercial (general) $12.4M +33.7%
Restaurant $9.5M +2.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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