Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,370,000
Motels
2101 Apache Blvd Tempe, AZ 85281-4823
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-2555978
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1985
Construction
STEEL FRAME
Total area
12,666 SF
Lot
0.64 ac (27,834 SF)
Zoning code
C-G
APN
133-02-014
UPID
US07-2555978
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
-
H.O.P.E Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.46M
Blend (final)
Blend
$3.37M
Owner & transaction history
City Of Tempe · 4 yrs held
City Of Tempe
since 2021
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
C-G · Tempe, AZ
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
$2,695,000
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
$5,040,000
Current use
Blend value · Realmo final
$3.37M
Range $3.03M – $3.71M · ±10% · vs last sale $3.30M (Sep 17 2021)
Last sale anchor
$3.30M
Sep 17 2021
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
$266 / 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
Assessed value
$305,293
Assessed 2024
Previous assessed
$246,269
+24.0% YoY
Land market value
$1,006,600
Improvement market value
$853,750
Total market value
$1,860,350
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
NONE
Stories
2
Units
41
Total area
12,666 SF
Lot
0.64 ac (27,834 SF)
Zoning code
C-G
APN
133-02-014
UPID
US07-2555978
Jurisdiction
MARICOPA
Zoning & alternative use
C-G · Tempe, AZZoning C-G · permitted uses
C-G · Tempe, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
zoning and development code
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$5.0M
HOTEL/MOTEL Current
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
1985
Construction
STEEL FRAME
Heating
NONE
Stories
2
Units
41
Lot
0.64 ac
Current owner
From public records · entity-resolved
City Of Tempe
Entity
Mailing address
21 E 6TH ST STE #208, TEMPE, AZ 85281-3681
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2021
$3,300,000
City Of Tempe
Vision Hospitality LLC
Warranty Deed
—
Aug 31, 2015
—
Vision Hospitality LLC
—
Trustees Deed
related
$1,423,800 · Seacoast Cmrc Bk
Aug 5, 2013
$1,300,000
Vision Hospitality LLC
Amerilodge LLC
Warranty Deed
$1,000,000 · Bruno & Jami Salamone
Jan 5, 2011
$575,000
Amerilodge LLC
Parth Sagar LLC
Grant Deed
—
Sep 29, 2006
$1,950,000
Parth Sagar LLC
Rajan Olson
Warranty Deed
$1,482,000 · Business Loan Center LLC
Oct 6, 2005
$1,375,000
Rajan Olson
Vishnu Investments INC
Special Warranty Deed
$960,000 · Sir Mortgage & Finance Of Arizona I
Apr 10, 1991
$475,000
Vishnu Investmen
Sweis
Grant Deed
$365,000 · Money Store Investment Corp
—
—
Vishnu Investments INC
—
Deed Of Trust
related
$290,103 · Stearns Bank Az
—
—
Vision Hospitality LLC
—
Deed Of Trust
related
$300,000 · Viral Patel
—
—
Rajan Olson
—
Deed Of Trust
related
$370,000 · Flagstaff Mountain View INC
—
—
Vishnu Investment INC
—
Deed Of Trust
related
$100,000 · Stearns Bank Arizona
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2101 Apache Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
