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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Motels
2433 Van Buren St Phoenix, AZ 85008-6035
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-1500394
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1935
Construction
CONCRETE
Total area
4,592 SF
Lot
0.14 ac (5,924 SF)
Zoning code
C-G
APN
121-63-015
UPID
US07-1500394
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
-
Paradise Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$885k
Owner & transaction history
Sikotar LLC · 3 yrs held
Sikotar LLC
since 2022
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
C-G · 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
Method
Estimation
Statistic approach
$825,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$885k
Range $797k – $974k · ±10% · vs last sale $800k (Sep 1 2022)
Last sale anchor
$800k
Sep 1 2022
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
$193 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$6,363
Tax year 2022
Assessed value
$79,448
Assessed 2024
Previous assessed
$69,139
+14.9% YoY
Effective rate
8.01%
On assessed value
Land market value
$72,000
Improvement market value
$409,500
Total market value
$481,500
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
1935
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
4,592 SF
Lot
0.14 ac (5,924 SF)
Zoning code
C-G
APN
121-63-015
UPID
US07-1500394
Jurisdiction
MARICOPA
Zoning & alternative use
C-G · Phoenix, AZ
Zoning C-G · permitted uses
C-G · 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
1935
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Sikotar LLC
Entity
Mailing address
3004 N 50TH PL, PHOENIX, AZ 85018-7907
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2022
$800,000
Sikotar LLC
Four Brothers Resources LLC
Warranty Deed
$715,000 · Wallis State Bank
Dec 5, 2016
—
Astha LLC
Kvs Hotels LLC
Grant Deed
related
—
Nov 4, 2016
$675,000
Four Brothers Resources LLC
Roni International LLC
Grant Deed
$368,629 · Roni International LLC
Sep 10, 2008
$685,616
Anand International Lc
Astha LLC
Warranty Deed
—
Sep 10, 2008
—
Roni International LLC
Anand International Lc
Warranty Deed
related
—
Aug 1, 2007
$700,000
Astha LLC
Kvs Hotels LLC
Grant Deed
—
Oct 6, 2005
$1,700,000
Kvs Hotels LLC
A & F Wilsons LLC
Warranty Deed
$1,386,400 · Sonoma National Bank
Apr 6, 2004
—
A & F Wilsona LLC
—
Deed Of Trust
related
$1,000,000 · Mortgages Ltd
Jul 1, 1998
—
A & F Wilsons LLC
Wilson,arthur & Frances
Quit Claim Deed
related
—
Aug 19, 1992
$76,200
Arthur L Wilson
Adams
Grant Deed
$71,200 · Seller
Aug 17, 1992
$14,000
Don C Adams
Erb II
Grant Deed
—
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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