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Property profile & analytics
OFF-MARKET
Estimated value
$34,175,000
Hotels
18513 Scottsdale Rd, Scottsdale, AZ 85255-9677
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-2485009
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2021
Total area
133,716 SF
Lot
2.44 ac (106,441 SF)
Zoning code
PRC
APN
215-07-398
UPID
US07-2485009
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
-
Hyatt Place Scottsdale - North Hotel & Motel
-
Hyatt House North Scottsdale Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$29.99M
Blend (final)
Blend
$34.18M
Owner & transaction history
Kre Hip Hphh Scottsdale Owner LLC · 4 yrs held
Kre Hip Hphh Scottsdale Owner LLC
since 2022
3 recorded transactions
Zoning & alternative use
PRC · Scottsdale, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$55.1M
+315.8%
Medical building
$46.7M
+252.6%
Neighborhood: shopping center
$28.9M
+118.4%
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 Scottsdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Scottsdale 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
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$55,095,000
Change: +316% · Conversion: Difficult
MEDICAL BUILDING
$46,720,000
Change: +253% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$28,935,000
Change: +118% · Conversion: Difficult
OFFICE BUILDING
$26,935,000
Change: +103% · Conversion: Difficult
Blend value · Realmo final
$34.18M
Range $30.76M – $37.59M · ±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
$256 / 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
$245,676
Tax year 2023
Assessed value
$4,606,520
Assessed 2024
Previous assessed
$3,714,857
+24.0% YoY
Effective rate
5.33%
On assessed value
Land market value
$2,628,600
Improvement market value
$25,289,700
Total market value
$27,918,300
Applied tax rate
691,400.0000
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
2021
Heating
NONE
Buildings
2
Stories
9
Units
93
Total area
133,716 SF
Lot
2.44 ac (106,441 SF)
Zoning code
PRC
APN
215-07-398
UPID
US07-2485009
Jurisdiction
MARICOPA
Zoning & alternative use
PRC · Scottsdale, AZ
Zoning PRC · permitted uses
PRC · Scottsdale, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Scottsdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$55.1M
MEDICAL BUILDING
Est. value
$46.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$28.9M
OFFICE BUILDING
Est. value
$26.9M
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
2021
Heating
NONE
Stories
9
Buildings
2
Units
93
Lot
2.44 ac
Current owner
From public records · entity-resolved
Kre Hip Hphh Scottsdale Owner LLC
Entity
Free & Clear · 4 yrs held
Mailing address
30 HUDSON YARDS, NEW YORK, NY 10001-2170
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2022
—
Kre Hip Hphh Scottsdale Owner LLC
North Scottsdale Hospitality LLC
Re-recorded Document
related
—
Mar 1, 2022
$54,500,000
Kre Hip Hphh Scottsdale Owner LLC
North Scottsdale Hopitality LLC
Special Warranty Deed
$33,400,000 · Jpmorgan Chase Bank NA
Aug 19, 2019
—
North Scottsdale Hospitality L
—
Grant Deed
related
$35,821,041 · Bank Of America
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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