Back to Search
Property profile & analytics
OFF-MARKET
Motels
2307 Van Buren St Phoenix, AZ 85006-3947
Entity Owned
5-yr Hold
Property ID
US07-2951556
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1977
Construction
CONCRETE
Total area
5,352 SF
Lot
3.9 ac (170,000 SF)
Zoning code
C-3
APN
115-01-025A
UPID
US07-2951556
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Is 2323 E Van Buren Street Partners · 5 yrs held
Is 2323 E Van Buren Street Partners
since 2021
Last sale
$17.1M
7 recorded transactions
Zoning & alternative use
C-3 · Phoenix, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$50,220
Tax year 2023
Assessed value
$833,410
Assessed 2024
Previous assessed
$1,332,250
-37.4% YoY
Effective rate
6.03%
On assessed value
Land market value
$1,666,800
Improvement market value
$6,667,300
Total market value
$8,334,100
Applied tax rate
71,300.0000
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
1977
Construction
CONCRETE
Heating
NONE
Buildings
7
Stories
2
Units
245
Total area
5,352 SF
Lot
3.9 ac (170,000 SF)
Zoning code
C-3
APN
115-01-025A
UPID
US07-2951556
Jurisdiction
MARICOPA
Zoning & alternative use
C-3 · Phoenix, AZ
Zoning C-3 · permitted uses
C-3 · 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.
Building & site characteristics
From public records
Year built
1977
Construction
CONCRETE
Heating
NONE
Stories
2
Buildings
7
Units
245
Lot
3.9 ac
Current owner
From public records · entity-resolved
Is 2323 E Van Buren Street Partners
Entity
Mailing address
5120 BIRCH ST STE #200, NEWPORT BEACH, CA 92660-2156
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2021
$17,064,000
Is 2323 E Van Buren Street Partners
Incline Village Properties LLC
Special Warranty Deed
$16,825,000 · Keystone Real Estate Income Trust L
Jan 30, 2019
$9,250,000
Incline Village Properties
Sky Harbor Investment Prop
Grant Deed
$8,050,000 · Sky Harbor Invs Prop & Mgmt Ll
May 22, 2008
—
Sky Harbor Inv Props & Mgmt
Owner Name Unavailable
Grant Deed
related
$600,000 · Rex & Cheryl Hutchens
Aug 29, 2003
$1,045,000
Sky Harbor Investment Properti
Sky Harbor Enterprises LLC
Grant Deed
related
—
Mar 19, 2003
$1,045,000
Sky Harbor Enterprises LLC
Greater Phoenix Income Pro Ll
Grant Deed
$595,000 · Greater Phoenix Income Pro Ll
Jan 2, 2003
$750,000
Greater Phoenix Income Propert
Ge Capital Small Business Finl
Grant Deed
—
Jan 2, 2003
—
Ge Capital Small Business Finl
Heller First Capital
Grant Deed
related
—
Sep 30, 1999
$2,400,000
Southwest Hospitality Group
Phoenix Investment Co
Trustees Deed
$2,075,000 · Heller First Capital
Sep 30, 1999
—
Keltner,k L & Judith E
Phoenix Investment Co
Trustees Deed
related
—
—
—
Southwest Hospitalty Group Ll
—
Deed Of Trust
related
$100,000 · Camelback Community Bank
—
—
Sky Hbr Inv Props & Mgmt LLC
—
Deed Of Trust
related
$303,000 · Ulan Family LP LLP
—
—
Sky Hbr Inv Props & Mgmt LLC
—
Deed Of Trust
related
$1,725,000 · Rex & Cheryl Hutchens
—
—
Sky Hbr Inv Props & Mgmt LLC
—
Deed Of Trust
related
$504,322 · Rex & Cheryl Hutchens
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2307 Van Buren St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
