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Property profile & analytics
OFF-MARKET
Estimated value
$23,200,000
Hotels
222 Portland St, Phoenix, AZ 85004-1878
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US07-2652429
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2019
Construction
CONCRETE
Total area
70,720 SF
Lot
0.37 ac (16,125 SF)
Zoning code
DTC-W-EV
APN
111-36-064
UPID
US07-2652429
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
-
Cambria Hotel Downtown Phoenix Convention Center Hotel & Motel
-
Diablo Rooftop Bar & Pub
-
Baja fish tacos and more Restaurant
-
Poppy Restaurant and Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$23.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$23.20M
Owner & transaction history
Dt Phx Lodging LLC · 1 yrs held
Dt Phx Lodging LLC
since 2024
Last sale
$23.2M
7 recorded transactions
Zoning & alternative use
DTC-W-EV · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$37.8M
+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
$23,200,000
ML approach
$23,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$36,830,000
Current use
RESTAURANT
$37,765,000
Change: +3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$29,885,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$23.20M
Range $20.88M – $25.52M · ±10% · vs last sale $23.20M (Oct 16 2024)
Last sale anchor
$23.20M
Oct 16 2024
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
$328 / 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
$280,790
Tax year 2023
Assessed value
$3,123,257
Assessed 2024
Previous assessed
$3,123,257
+0.0% YoY
Effective rate
8.99%
On assessed value
Land market value
$1,612,500
Improvement market value
$17,316,333
Total market value
$18,928,833
Applied tax rate
11,300.0000
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
Off-Market
Year built
2019
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
6
Units
2
Total area
70,720 SF
Lot
0.37 ac (16,125 SF)
Zoning code
DTC-W-EV
APN
111-36-064
UPID
US07-2652429
Jurisdiction
MARICOPA
Zoning & alternative use
DTC-W-EV · Phoenix, AZ
Zoning DTC-W-EV · permitted uses
DTC-W-EV · 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
HOTEL/MOTEL Current
Est. value
$36.8M
RESTAURANT
Est. value
$37.8M
AUTO REPAIR, GARAGE
Est. value
$29.9M
HOTEL/MOTEL Current
RESTAURANT
AUTO REPAIR, GARAGE
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
2019
Construction
CONCRETE
Heating
NONE
Stories
6
Buildings
2
Units
2
Lot
0.37 ac
Current owner
From public records · entity-resolved
Dt Phx Lodging LLC
Entity
Mailing address
951 W WESTON TRL, FLAGSTAFF, AZ 86005-7038
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2025
—
Dt Phx Lodging LLC
—
Deed
related
$5,000,000 · Arizona Capital Source
Oct 16, 2024
$23,200,000
Dt Phx Lodging LLC
Ro2 Cam LLC
Special Warranty Deed
$18,500,000 · Pdof Dnp Q2 21 Phoenix LLC
Aug 30, 2018
—
Ro2 Cam LLC
—
Grant Deed
related
$17,725,000 · L-o Phoenix Finance LLC
May 1, 2018
$1,000,000
Ro2 Cam LLC
True North Holdings LLC
Grant Deed
—
Aug 4, 2017
$750,000
True North Holdings LLC
Eq Third & Portland LLC
Grant Deed
$450,000 · Motola Alexander & K Tr (pt)
Nov 14, 2014
$535,000
Eq Third & Portland LLC
Saral Invespro INC
Grant Deed
—
Mar 3, 2010
$210,000
Saral Invespro INC
Security Title Agency INC
Trustees Deed
related
—
Feb 17, 2010
—
Diversified Realty & Mgmt LLC
Williams,leslie C
Quit Claim Deed
related
—
Apr 29, 2009
—
Leslie C Williams
Diversified Realty & Mgmt LLC
Quit Claim Deed
related
$250,000 · Saral Invespro INC
May 12, 2006
$403,125
Diversified Realty & Mgmt LLC
Butler B H Living Trust
Grant Deed
—
May 12, 2006
$4,031,250
Diversified Realty & Mgmt LLC
Butler,brien H
Grant Deed
—
Mar 9, 2001
—
Butler Trust
Butler,brien H
Quit Claim 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.
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