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Property profile & analytics
OFF-MARKET
Estimated value
$33,255,000
Hotels
225 Apache Blvd Tempe, AZ 85281-6712
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US07-1314778
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1970
Construction
STEEL FRAME
Total area
67,738 SF
Lot
2.41 ac (104,804 SF)
Zoning code
RO
APN
133-17-044C
UPID
US07-1314778
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
-
2:10 Church Church
-
Zipcar Car Rental Facility
-
AirGarage | Public Parking Parking Lot & Garage
-
Tesla Destination Charger Electric Vehicle Charging Station
-
Umami Burger Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$33.46M
Blend (final)
Blend
$33.26M
Owner & transaction history
City Of Tempe · 7 yrs held
City Of Tempe
since 2019
7 recorded transactions
Zoning & alternative use
RO · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$47.2M
+75.1%
Auto repair, garage
$46.6M
+72.7%
Retail stores
$35.7M
+32.3%
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
$26,960,000
Current use
RESTAURANT
$47,220,000
Change: +75% · Conversion: Difficult
AUTO REPAIR, GARAGE
$46,565,000
Change: +73% · Conversion: Difficult
RETAIL STORES
$35,670,000
Change: +32% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$34,010,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$33.26M
Range $29.93M – $36.58M · ±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
$491 / 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
$110,973
Tax year 2023
Assessed value
$2,952,960
Assessed 2024
Previous assessed
$2,433,839
+21.3% YoY
Effective rate
3.76%
On assessed value
Land market value
$5,092,400
Improvement market value
$12,804,330
Total market value
$17,896,730
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
1970
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
7
Units
142
Total area
67,738 SF
Lot
2.41 ac (104,804 SF)
Zoning code
RO
APN
133-17-044C
UPID
US07-1314778
Jurisdiction
MARICOPA
Zoning & alternative use
RO · Tempe, AZ
Zoning RO · permitted uses
RO · 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
$27.0M
RESTAURANT
Est. value
$47.2M
AUTO REPAIR, GARAGE
Est. value
$46.6M
RETAIL STORES
Est. value
$35.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$34.0M
HOTEL/MOTEL Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1970
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
7
Buildings
3
Units
142
Lot
2.41 ac
Current owner
From public records · entity-resolved
City Of Tempe
Entity
Mailing address
225 E APACHE BLVD, TEMPE, AZ 85281-6712
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2026
—
Graduate Tempe Owner LLC
—
Deed
related
$406,000,000 · Tcg Re Agent LLC
Jan 8, 2024
—
Graduate Tempe Owner LLC
—
Deed
related
$325,000,000 · Pi 44 Funding 1 LP
May 8, 2019
—
City Of Tempe
Graduate Tempe Owner LLC
Warranty Deed
related
—
Dec 26, 2018
—
Graduate Tempe Owner LLC
—
Deed
related
$269,792,105 · Column Financial INC
Jun 13, 2017
—
Graduate Tempe Owner LLC
—
Grant Deed
related
$211,538,462 · Breds III Mtg Corp
Nov 19, 2013
$5,884,245
Graduate Tempe Owner LLC Ow
Mijon Tempe Lc
Trustees Deed
$6,750,000 · Spectrum Life Insurance Co
Nov 17, 1995
$5,000,000
L L C Mijon III
Millennium Group LLC
Grant Deed
$3,000,000 · Mark Twain Bank
Jul 24, 1995
$2,000,000
Millennium Group L L C
Standard Insurance Co
Grant Deed
$1,400,000 · Standard Insurance Co
—
—
Graduate Tempe Owner LLC
—
Loan Modification
related
$150,000,000 · * Other Institutional Lenders
—
—
Graduate Tempe Owner LLC
—
Loan Modification
related
$150,000,000 · Private Individual
—
—
Mijon III LLC
—
Deed Of Trust
related
$1,000,000 · Judith F Anthon
—
—
Mijon III LLC
—
Deed Of Trust
related
$303,500 · Allegiant Bank
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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