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Property profile & analytics
OFF-MARKET
Estimated value
$22,625,000
Hotels
2100 Priest Dr Tempe, AZ 85282-1116
Entity Owned
Absentee Owner
Free & Clear
Property ID
US07-1484369
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1974
Total area
24,847 SF
Lot
11.65 ac (507,401 SF)
APN
123-33-028A
UPID
US07-1484369
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
-
Fiesta Resort Conference Center Conference Center Trade Show Venue
-
Car rental Tempe Car Rental Facility
-
Milagros Southwestern Restaurant (Us) Bar
-
DoubleTree by Hilton Hotel Phoenix Tempe Hotel & Motel
-
Tempe Spa Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.07M
Blend (final)
Blend
$22.63M
Owner & transaction history
Mccarthy Properties LLC
Mccarthy Properties LLC
since 2026
Last sale
$27.5M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$17.3M
+75.1%
Auto repair, garage
$17.1M
+72.7%
Industrial (general)
$14.7M
+48.9%
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 Tempe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tempe 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
RESTAURANT
$17,320,000
Change: +75% · Conversion: Difficult
AUTO REPAIR, GARAGE
$17,080,000
Change: +73% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$14,725,000
Change: +49% · Conversion: Difficult
Blend value · Realmo final
$22.63M
Range $20.36M – $24.89M · ±10% · vs last sale $27.50M (Jan 7 2026)
Last sale anchor
$27.50M
Jan 7 2026
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
$911 / 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
$199,601
Tax year 2023
Assessed value
$2,451,702
Assessed 2024
Previous assessed
$2,261,051
+8.4% YoY
Effective rate
8.14%
On assessed value
Land market value
$12,685,000
Improvement market value
$2,173,800
Total market value
$14,858,800
Applied tax rate
31,600.0000
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
1974
Buildings
15
Stories
1
Total area
24,847 SF
Lot
11.65 ac (507,401 SF)
APN
123-33-028A
UPID
US07-1484369
Jurisdiction
MARICOPA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$17.3M
AUTO REPAIR, GARAGE
Est. value
$17.1M
INDUSTRIAL (GENERAL)
Est. value
$14.7M
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (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
1974
Stories
1
Buildings
15
Lot
11.65 ac
Current owner
From public records · entity-resolved
Mccarthy Properties LLC
Entity
Free & Clear · 0 yrs held
Mailing address
11780 US HWY 1ST STE #400, NORTH PALM BEACH, FL 33408-3042
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Jan 7, 2026
$27,500,000
Mccarthy Properties LLC
Cgd Tempe LP
Special Warranty Deed
—
Jul 30, 2025
—
Cgd Tempe LP
—
Deed
related
$32,000,000 · Tower-keep Vi Aiv Ntx LLC
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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