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Property profile & analytics
OFF-MARKET
Estimated value
$28,775,000
Hotels
1800 San Tan Vlg Pkwy, Gilbert, AZ 85295-6245
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-0892195
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2009
Construction
STEEL FRAME
Total area
71,041 SF
Lot
5.55 ac (241,861 SF)
Zoning code
R-3
APN
304-41-014N
UPID
US07-0892195
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
-
Driving Arizona Training Center Vocational School
-
Dumpster Rentals of Gilbert Car Dealership Trucking Company
-
DoubleTree by Hilton Hotel Phoenix - Gilbert Hotel & Motel
-
Elegante Hotel & Motel Resort
-
Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$28.78M
Owner & transaction history
Pacific Orchid Santan LLC · 3 yrs held
Pacific Orchid Santan LLC
since 2022
Last sale
$25.8M
7 recorded transactions
Zoning & alternative use
R-3 · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$39.0M
+38.0%
Auto repair, garage
$31.5M
+11.6%
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 Gilbert submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gilbert 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
$25,325,000
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
$28,275,000
Current use
RESTAURANT
$39,020,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$31,545,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$26,080,000
Change: -8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$25,855,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$28.78M
Range $25.90M – $31.65M · ±10% · vs last sale $25.75M (Jul 14 2022)
Last sale anchor
$25.75M
Jul 14 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
$405 / 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
$206,733
Tax year 2023
Assessed value
$3,951,331
Assessed 2024
Previous assessed
$3,437,366
+15.0% YoY
Effective rate
5.23%
On assessed value
Land market value
$5,528,700
Improvement market value
$18,418,763
Total market value
$23,947,463
Applied tax rate
410,609.0000
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
2009
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
4
Total area
71,041 SF
Lot
5.55 ac (241,861 SF)
Zoning code
R-3
APN
304-41-014N
UPID
US07-0892195
Jurisdiction
MARICOPA
Zoning & alternative use
R-3 · Gilbert, AZ
Zoning R-3 · permitted uses
R-3 · Gilbert, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gilbert. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$28.3M
RESTAURANT
Est. value
$39.0M
AUTO REPAIR, GARAGE
Est. value
$31.5M
RETAIL STORES
Est. value
$26.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$25.9M
HOTEL/MOTEL Current
RESTAURANT
AUTO REPAIR, GARAGE
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
2009
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
4
Buildings
2
Lot
5.55 ac
Current owner
From public records · entity-resolved
Pacific Orchid Santan LLC
Entity
Mailing address
2207 GARNET AVE STE F, SAN DIEGO, CA 92109-3713
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2022
$25,750,000
Pacific Orchid Santan LLC
San Tan Center LLC
Special Warranty Deed
$15,621,500 · Western State Bank
Oct 15, 2021
$4,150,000
Gilbert Irf LLC
Kindred Real Estate 50 LLC
Special Warranty Deed
$26,436,923 · Synovus Bank
Jul 8, 2021
$4,150,000
Kindred Real Estate 50 LLC
Keystone Senior Investments X LLC
Special Warranty Deed
—
Jan 8, 2020
—
San Tan Center LLC
—
Deed
related
$2,000,000 · Ks Statebank
Oct 3, 2012
—
San Tan Center LLC
—
Grant Deed
related
$16,000,000 · Alliance Bank Of Arizona
Nov 17, 2011
—
San Tan Center LLC
Power Hotels LLC
Grant Deed
—
Dec 18, 2008
$3,636,585
Power Hotels LLC
Parks Of Martin Dev Co INC
Grant Deed
—
—
—
San Tan Center LLC
—
Deed Of Trust
related
$2,000,000 · Ks Statebank
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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