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Property profile & analytics
OFF-MARKET
Estimated value
$62,415,000
Hotels
200 Centennial Way Mesa, AZ 85201-6761
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-2276814
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1984
Construction
STEEL FRAME
Total area
153,862 SF
Lot
3.63 ac (158,034 SF)
Zoning code
C-DT
APN
138-61-081C
UPID
US07-2276814
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
-
Delta Hotels Phoenix Mesa Hotel & Motel
-
Cafe Azul Restaurant
-
Zapcon Arcade & Gaming Center (Bike/Boat/Book/etc) Store
-
Starlight Room at Delta Hotels Conference Center Trade Show Venue
-
200 North Centennial Way Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$62.41M
Blend (final)
Blend
$62.42M
Owner & transaction history
Ensemble Mesa Partners LLC · 5 yrs held
Ensemble Mesa Partners LLC
since 2021
7 recorded transactions
Zoning & alternative use
C-DT · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$98.5M
+1.3%
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 Mesa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mesa 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
HOTEL/MOTEL
$97,175,000
Current use
RESTAURANT
$98,480,000
Change: +1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$94,235,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$62.42M
Range $56.17M – $68.66M · ±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
$406 / 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
$224,612
Tax year 2023
Assessed value
$2,439,954
Assessed 2024
Previous assessed
$2,439,954
+0.0% YoY
Effective rate
9.21%
On assessed value
Land market value
$1,585,200
Improvement market value
$13,202,400
Total market value
$14,787,600
Applied tax rate
41,010.0000
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
1984
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
REFRIGERATOR
Buildings
6
Stories
12
Units
275
Total area
153,862 SF
Lot
3.63 ac (158,034 SF)
Zoning code
C-DT
APN
138-61-081C
UPID
US07-2276814
Jurisdiction
MARICOPA
Zoning & alternative use
C-DT · Mesa, AZ
Zoning C-DT · permitted uses
C-DT · Mesa, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mesa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$97.2M
RESTAURANT
Est. value
$98.5M
COMMERCIAL (GENERAL)
Est. value
$94.2M
HOTEL/MOTEL Current
RESTAURANT
COMMERCIAL (GENERAL)
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
1984
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
12
Buildings
6
Units
275
Lot
3.63 ac
Current owner
From public records · entity-resolved
Ensemble Mesa Partners LLC
Entity
Mailing address
4722 N 24TH ST STE #400, PHOENIX, AZ 85016-4886
Ownership since
2021
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
Apr 19, 2021
—
Ensemble Mesa Partners LLC
3xm LLC
Special Warranty Deed
$17,786,266 · Farmers & Merchants Bank Of Long Be
Aug 30, 2017
—
1xm LLC
—
Grant Deed
related
$7,420,000 · Farmers & Merchants Bk/lng Bch
Jan 9, 2017
—
3xm LLC
—
Deed
related
$7,420,000 · Private Individual
Mar 2, 2016
$17,000,000
3xm LLC
Pacifica Centennial LLC
Grant Deed
$7,420,000 · Private Individual
Jul 31, 2012
—
Pacifica Centennial LLC
—
Trustees Deed
related
$6,500,000 · Bank Of America
—
—
Pacifica Centennial LLC
—
Deed Of Trust
related
$11,000,000 · Citibank Fsb
—
—
3xm LLC
—
Deed Of Trust
related
$7,420,000 · Private Individual
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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