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Property profile & analytics
OFF-MARKET
Estimated value
$7,250,000
Motels
1660 Elliot Rd Tempe, AZ 85284-1014
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US07-0161643
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1987
Construction
STEEL FRAME
Total area
9,120 SF
Lot
2.38 ac (103,542 SF)
Zoning code
I-1
APN
301-41-149B
UPID
US07-0161643
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
-
Studio 6 Tempe, AZ – Elliot Road Hotel & Motel Vacation Rental
-
Motel 6 Tempe, AZ – Elliot Road Hotel & Motel
-
Extend a Suites Tempe Hotel & Motel
-
Room for now Hotel & Motel
-
Wall-MCC Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.63M
Blend (final)
Blend
$7.25M
Owner & transaction history
Tempe Elliot Investments LLC · 2 yrs held
Tempe Elliot Investments LLC
since 2023
Last sale
$8.0M
7 recorded transactions
Zoning & alternative use
I-1 · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
zoning and development code
Top alternative use upside
Restaurant
$6.4M
+75.1%
Auto repair, garage
$6.3M
+72.7%
Industrial (general)
$4.8M
+32.8%
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
$7,210,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$6,355,000
Change: +75% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,270,000
Change: +73% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,820,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$4,805,000
Change: +32% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,580,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$7.25M
Range $6.53M – $7.98M · ±10% · vs last sale $8.00M (Nov 28 2023)
Last sale anchor
$8.00M
Nov 28 2023
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
$795 / 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
$73,745
Tax year 2023
Assessed value
$871,961
Assessed 2024
Previous assessed
$739,058
+18.0% YoY
Effective rate
8.46%
On assessed value
Land market value
$1,534,000
Improvement market value
$3,750,611
Total market value
$5,284,611
Applied tax rate
281,600.0000
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
1987
Construction
STEEL FRAME
Heating
NONE
Buildings
4
Stories
3
Units
139
Total area
9,120 SF
Lot
2.38 ac (103,542 SF)
Zoning code
I-1
APN
301-41-149B
UPID
US07-0161643
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
RESTAURANT
Est. value
$6.4M
AUTO REPAIR, GARAGE
Est. value
$6.3M
INDUSTRIAL (GENERAL)
Est. value
$4.8M
RETAIL STORES
Est. value
$4.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.6M
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1987
Construction
STEEL FRAME
Heating
NONE
Stories
3
Buildings
4
Units
139
Lot
2.38 ac
Current owner
From public records · entity-resolved
Tempe Elliot Investments LLC
Entity
Mailing address
14602 N TATUM BLVD, PHOENIX, AZ 85032-4816
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2023
$8,000,000
Tempe Elliot Investments LLC
Tempe Hotel Group LLC
Special Warranty Deed
$5,000,000 · Kevin Walden INC
Jan 21, 2016
$5,500,000
Tempe Hotel Group LLC
Silver Queen Motel 1 LLC
Special Warranty Deed
$3,950,000 · First Community Bank
Jul 13, 2015
—
Silver Queen Motel 1 LLC
Silver Queen Motel LLC
Quit Claim Deed
related
—
May 23, 2011
$2,500,000
Silver Queen Motel LLC
Bank Of The West
Grant Deed
$700,000 · Bruno & Jami Salamone
Jul 20, 2010
$2,525,000
Bank Of The West
Barker Mark E
Trustees Deed
related
—
Oct 6, 2006
$7,400,000
Nirmal Nagra LLC
Wall-norm LLC
Grant Deed
$4,000,000 · Bank Of The West
Oct 14, 1997
$6,400,000
Norm L L C Wall
Outlook Income Fund 9
Grant Deed
$4,500,000 · Wells Fargo Bank
Nov 26, 1993
$1,225,000
Income Fund 9 Outlook
Outlook Income F
Grant Deed
related
—
May 4, 1993
—
Stewart,title Trust #2372
Rr Stolworthy In
Grant Deed
related
—
Mar 3, 1992
—
Fdic
Nationabank Of T
Grant Deed
related
—
Nov 7, 1991
—
N C N B Texas NA
Crow-elliott Ltd
Grant Deed
related
—
Aug 1, 1988
—
August Income Fu
Unknown
Grant Deed
related
—
—
—
Silver Queen Motel LLC
—
Deed Of Trust
related
$190,000 · Bruno & Jami Salamone
—
—
Silver Queen Motel LLC
—
Deed Of Trust
related
$70,000 · Sanctuary Loans LLC
—
—
Silver Queen Motel LLC
—
Deed Of Trust
related
$2,100,000 · Western Financial Capital Corp
—
—
Silver Queen Motel LLC
—
Deed Of Trust
related
$2,000,000 · Bruno & Jami Salamone
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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