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    240 Hwy 287 Florence, AZ 85132
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    Property profile & analytics

    240 Hwy 287, Florence, AZ 85132

    View on Map

    • Hotels
    • 56,028 SF
    • 2.44 lot acres
    Off-Market
    Last Sale Aug 16, 2021
    $8,000,000
    Property ID
    US07-0567211
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $8,485,000
    Show details
    Cap Rate Potential
    2.8%
    Hotels
    Location Intelligence

    Current Use by Public Records

    • Hotels

    Property Details for 240 Hwy 287

    Year built
    2007
    Construction
    STEEL FRAME
    Lot size
    2.44 lot acres
    Property type
    Hotels
    APN
    202-06-001N
    APU
    20206001N

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 16, 2021 $8,000,000 Store Master Funding Xxi LLC Pro Hospitality Eight LLC Warranty Deed $10k · Citibank NA
    Jan 30, 2019 $6,300,000 Pro Hospitality Eight LLC Gti Florence LLC Grant Deed $4.4M · Revere Credit Opportunities Fu
    Dec 22, 2017 — Gti Florence LLC — Deed · related $4M · Bank Of East Asia
    Mar 18, 2016 $5,850,000 Gti Florence LLC Pinal Hotel Az 1 LLC Warranty Deed $3.5M · Bank Of East Asia
    Mar 25, 2011 $5,200,000 Pinal Hotel Az 1 LLC Hie Servicing LLC Grant Deed $3.9M · Metro Phoenix Bank
    Oct 20, 2010 $5,014,227 Hie Servicing LLC Phoenix Settlement Svcs Trustees Deed · related $3M · Vestin Realty Mortgage
    Jun 28, 2007 — Sunrise Hospitality LLC — Trustees Deed · related $5.5M · Choice Bank INC
    Jun 20, 2007 — Sunrise Hospitality LLC Owner Name Unavailable Grant Deed · related —
    — — Gti Florence LLC — Deed Of Trust · related $4M · Bank Of East Asia

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $8,640,000
      ML approach
      $9,295,000
    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $6,000,000
      Current use
      OFFICE BUILDING
      $9,010,000
      Change: +50% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $9,005,000
      Change: +50% Conversion: Difficult
      RETAIL STORES
      $8,220,000
      Change: +37% Conversion: Difficult
      RESTAURANT
      $7,265,000
      Change: +21% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $6,775,000
      Change: +13% Conversion: Difficult
      WAREHOUSE, STORAGE
      $6,360,000
      Change: +6% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Pinal
    State
    Arizona
    Longitude
    -111.391
    Latitude
    33.02
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $101,934
    $76,526
    $1,033,614
    $1,110,140
    -
    $425,146
    $5,742,299
    $6,167,445
    More about this property
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