New search
Property profile & analytics
OFF-MARKET
Estimated value
$12,630,000
Hotels
17222 Black Cyn Hwy, Phoenix, AZ 85053-2012
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US07-0698959
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1996
Construction
STEEL FRAME
Total area
53,082 SF
Lot
1.17 ac (50,922 SF)
Zoning code
C-2
APN
208-06-004A
UPID
US07-0698959
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
-
Red Roof Inn Phoenix North – I-17 at Bell Rd Hotel & Motel
-
grand canyon university High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.91M
Blend (final)
Blend
$12.63M
Owner & transaction history
Maruti Nandan LLC · 7 yrs held
Maruti Nandan LLC
since 2019
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Phoenix submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phoenix 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
Blend value · Realmo final
$12.63M
Range $11.37M – $13.89M · ±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
$238 / 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
$65,875
Tax year 2023
Assessed value
$998,069
Assessed 2024
Previous assessed
$866,354
+15.2% YoY
Effective rate
6.60%
On assessed value
Land market value
$747,300
Improvement market value
$5,301,600
Total market value
$6,048,900
Applied tax rate
971,300.0000
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
1996
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
3
Units
125
Total area
53,082 SF
Lot
1.17 ac (50,922 SF)
Zoning code
C-2
APN
208-06-004A
UPID
US07-0698959
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZ
Zoning C-2 · permitted uses
C-2 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phoenix. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1996
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
3
Units
125
Lot
1.17 ac
Current owner
From public records · entity-resolved
Maruti Nandan LLC
Entity
Mailing address
21636 N 26TH AVE, PHOENIX, AZ 85027-2497
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2019
$6,500,000
Maruti Nandan LLC
Rri III LLC
Special Warranty Deed
$3,366,038 · Midfirst Bank
Sep 26, 2007
—
R Roof V LLC
Red Roof Inns INC
Special Warranty Deed
$310,000,000 · Citigroup Global Markets Realty Cor
Oct 16, 1995
$875,000
Red Roof Inns INC
Outdoor Systems INC
Grant Deed
—
Jul 24, 1992
$207,000
Outdoor Systems INC
Schoen
Grant Deed
—
—
—
Rri III LLC
—
Deed Of Trust
related
$130,000,000 · Bank Of America
—
—
First American Title Insurance C
—
Deed Of Trust
related
—
—
—
Roof Inns Red
—
Deed Of Trust
related
—
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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