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Property profile & analytics
OFF-MARKET
Estimated value
$16,835,000
Motels
2225 Thomas Rd, Phoenix, AZ 85016
Entity Owned
3-yr Hold
Free & Clear
Property ID
US07-2637306
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1973
Construction
CONCRETE
Total area
17,936 SF
Lot
2.99 ac (130,252 SF)
Zoning code
C-C
APN
117-01-117R
UPID
US07-2637306
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.04M
Blend (final)
Blend
$16.84M
Owner & transaction history
Unified T24 LLC · 3 yrs held
Unified T24 LLC
since 2023
Last sale
$16.8M
7 recorded transactions
Zoning & alternative use
C-C · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$12.5M
+33.7%
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
$19,210,000
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)
$12,490,000
Change: +34% · Conversion: Difficult
Blend value · Realmo final
$16.84M
Range $15.15M – $18.52M · ±10% · vs last sale $16.75M (May 18 2023)
Last sale anchor
$16.75M
May 18 2023
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
$939 / 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
$126,891
Tax year 2023
Assessed value
$1,490,396
Assessed 2024
Previous assessed
$1,490,396
+0.0% YoY
Effective rate
8.51%
On assessed value
Land market value
$2,071,900
Improvement market value
$6,960,800
Total market value
$9,032,700
Applied tax rate
141,300.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1973
Construction
CONCRETE
Heating
NONE
Buildings
5
Stories
4
Units
183
Total area
17,936 SF
Lot
2.99 ac (130,252 SF)
Zoning code
C-C
APN
117-01-117R
UPID
US07-2637306
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Phoenix, AZ
Zoning C-C · permitted uses
C-C · 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
$12.5M
COMMERCIAL (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
1973
Construction
CONCRETE
Heating
NONE
Stories
4
Buildings
5
Units
183
Lot
2.99 ac
Current owner
From public records · entity-resolved
Unified T24 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
4222 N 43RD ST, PHOENIX, AZ 85018-4214
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2023
$11,560,000
Unified T24 LLC
Thomas 24 Jl LLC
Special Warranty Deed
—
May 18, 2023
$16,750,000
Thomas Suites LLC
Unified T24 LLC
Special Warranty Deed
$8,000,000 · Colonial Capital LLC
Jul 31, 2018
$9,700,000
Unified T24 LLC
Vantage Coml Prop INC
Grant Deed
—
Jul 31, 2018
$10,200,000
Thomas 24 Jl LLC
Unified T24 LLC
Grant Deed
—
Jan 5, 1998
—
Promus Hospitality Corp
Promus Hotels INC
Quit Claim Deed
related
—
Jul 5, 1995
—
Promus Hotels INC
Embassy Suites INC
Quit Claim Deed
related
—
Apr 1, 1993
$2,650,669
Commercial Properties In Vantage
Gamair Investmen
Grant Deed
$2,517,500 · Seller Carry Back
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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