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Property profile & analytics
FOR SALE
Hotels
2029 W Whispering Wind Dr, Phoenix, AZ 85085
Individually Owned
15-yr Hold
Free & Clear
Property ID
US07-1516634
For Sale
$2,458,091
2029 W Whispering Wind Dr, Phoenix, AZ 85085
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2007
Construction
CONCRETE
Total area
89,620 SF
Lot
7.09 ac (308,852 SF)
Zoning code
I-P
APN
210-05-077
UPID
US07-1516634
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
-
Courtyard Phoenix North/Happy Valley Hotel & Motel
-
The Bistro – Eat. Drink. Connect.® Restaurant
-
酒店地址 Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$79.64M
Blend (final)
Blend
$77.89M
Owner & transaction history
Apple Nine Hospitality Ownersh · 15 yrs held
Apple Nine Hospitality Ownersh
since 2010
2 recorded transactions
Zoning & alternative use
I-P · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$62.4M
+33.7%
Restaurant
$47.9M
+2.5%
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
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$62,415,000
Change: +34% · Conversion: Difficult
RESTAURANT
$47,860,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$77.89M
Range $70.10M – $85.67M · ±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
$869 / 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
$419,417
Tax year 2023
Assessed value
$6,154,826
Assessed 2024
Previous assessed
$5,416,642
+13.6% YoY
Effective rate
6.81%
On assessed value
Land market value
$3,738,100
Improvement market value
$33,563,874
Total market value
$37,301,974
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
For Sale
Year built
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
5
Units
2
Total area
89,620 SF
Lot
7.09 ac (308,852 SF)
Zoning code
I-P
APN
210-05-077
UPID
US07-1516634
Jurisdiction
MARICOPA
Zoning & alternative use
I-P · Phoenix, AZ
Zoning I-P · permitted uses
I-P · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$62.4M
RESTAURANT
Est. value
$47.9M
COMMERCIAL (GENERAL)
RESTAURANT
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
2007
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
5
Buildings
2
Units
2
Lot
7.09 ac
Current owner
From public records · entity-resolved
Apple Nine Hospitality Ownersh
Individual
Free & Clear · 15 yrs held
Mailing address
814 E MAIN ST, RICHMOND, VA 23219-3306
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2010
$18,394,800
Apple Nine Hospitality Ownersh
Happy Valley Res LLC
Grant Deed
—
Oct 12, 2006
—
Happy Valley Res LLC
Owner Name Unavailable
Grant Deed
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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