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Property profile & analytics
OFF-MARKET
Estimated value
$12,200,000
Hotels
2135 15th St Tempe, AZ 85281-6942
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-0713683
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1998
Construction
STEEL FRAME
Total area
50,112 SF
Lot
3.08 ac (133,952 SF)
Zoning code
I-1
APN
124-58-121
UPID
US07-0713683
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
-
Red Roof PLUS+ Tempe - Phoenix Airport Hotel & Motel
-
Hotwire travel Hotel & Motel
-
Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.27M
Blend (final)
Blend
$12.20M
Owner & transaction history
Rri Tempe LP · 6 yrs held
Rri Tempe LP
since 2019
7 recorded transactions
Zoning & alternative use
I-1 · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
HOTEL/MOTEL
$19,945,000
Current use
Blend value · Realmo final
$12.20M
Range $10.98M – $13.42M · ±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
$243 / 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
$95,001
Tax year 2023
Assessed value
$1,083,105
Assessed 2024
Previous assessed
$962,251
+12.6% YoY
Effective rate
8.77%
On assessed value
Land market value
$1,060,500
Improvement market value
$5,503,770
Total market value
$6,564,270
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
1998
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
3
Units
125
Total area
50,112 SF
Lot
3.08 ac (133,952 SF)
Zoning code
I-1
APN
124-58-121
UPID
US07-0713683
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Tempe, AZ
Zoning I-1 · permitted uses
I-1 · Tempe, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tempe. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$19.9M
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
1998
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
3
Units
125
Lot
3.08 ac
Current owner
From public records · entity-resolved
Rri Tempe LP
Entity
Mailing address
1825 GILLESPIE WAY STE #101, EL CAJON, CA 92020-0501
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2019
$10,000,000
Rri Tempe LP
Rrh III LLC
Grant Deed
$17,692,093 · Natixis R/e Cap
May 19, 2011
—
Rri Opco LLC
—
Deed Of Trust
related
$120,670,000 · Deutsche Bank Trust Co America
Mar 9, 2011
—
Rri III LLC
R Roof V LLC
Special Warranty Deed
—
Sep 26, 2007
—
R Roof V LLC
Red Roof Inns INC
Special Warranty Deed
$310,000,000 · Citigroup Global Markets Realty Cor
Jul 10, 1997
$1,004,640
Roof Inns Red
W & D Enterprises INC
Grant Deed
—
Jun 9, 1993
$1,885,000
W & D Industries INC
G&m Capital Lc
Trustees Deed
—
Jun 9, 1993
$1,500,000
G & M Capital Lc
JR Properties
Trustees Deed
related
—
Apr 15, 1991
—
J R Properties
Bancwest Mortg
Grant Deed
related
—
—
—
Rri III LLC
—
Deed Of Trust
related
$130,000,000 · 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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