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Property profile & analytics
OFF-MARKET
Estimated value
$5,365,000
Hotels
2301 Southern Ave Tempe, AZ 85282-7637
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-3192405
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2000
Construction
STEEL FRAME
Total area
39,585 SF
Lot
1.93 ac (84,245 SF)
Zoning code
CSS
APN
134-44-518
UPID
US07-3192405
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
-
Hawthorn Suites by Wyndham Tempe Hotel & Motel
-
Hotel az Bed & Breakfast Restaurant
-
Metro Tempe Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.80M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.37M
Owner & transaction history
Zona Property LLC · 5 yrs held
Zona Property LLC
since 2021
Last sale
$6.3M
6 recorded transactions
Zoning & alternative use
CSS · 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
$5,160,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,115,000
6.5%
$3,795,000
7%
$3,525,000
Blend value · Realmo final
$5.37M
Range $4.83M – $5.90M · ±10% · vs last sale $6.25M (Jun 30 2021)
Last sale anchor
$6.25M
Jun 30 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
$136 / 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
$55,941
Tax year 2023
Assessed value
$1,120,614
Assessed 2024
Previous assessed
$972,944
+15.2% YoY
Effective rate
4.99%
On assessed value
Land market value
$2,251,500
Improvement market value
$4,540,100
Total market value
$6,791,600
Applied tax rate
41,600.0000
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
2000
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
3
Total area
39,585 SF
Lot
1.93 ac (84,245 SF)
Zoning code
CSS
APN
134-44-518
UPID
US07-3192405
Jurisdiction
MARICOPA
Zoning & alternative use
CSS · Tempe, AZ
Zoning CSS · permitted uses
CSS · 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.
Building & site characteristics
From public records
Year built
2000
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
3
Buildings
2
Lot
1.93 ac
Current owner
From public records · entity-resolved
Zona Property LLC
Entity
Mailing address
PO BOX 20214, FOUNTAIN HILLS, AZ 85269-0214
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2021
$6,250,000
Zona Property LLC
Rishabh Investment LLC
Special Warranty Deed
$5,210,000 · First International Bank & Trust
Jun 20, 2016
—
Rishabh Investment LLC
—
Deed
related
$4,704,000 · Bbcn Bk
Mar 11, 2011
$1,550,000
Rishabh Investment LLC
Manash Investment INC
Grant Deed
$1,190,000 · Nara Bank
Dec 16, 2005
—
Manash Inv INC
Owner Name Unavailable
Grant Deed
—
—
—
Rishabh Investment LLC
—
Deed Of Trust
related
$1,575,000 · Bbcn Bank
—
—
Rishabh Investment LLC
—
Deed Of Trust
related
$4,704,000 · Bbcn Bk
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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