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Property profile & analytics
OFF-MARKET
Estimated value
$46,590,000
Hotels
2435 47th St, Phoenix, AZ 85034-6410
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US07-1008244
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1989
Construction
STEEL FRAME
Total area
219,087 SF
Lot
5.59 ac (243,588 SF)
Zoning code
I-1
APN
124-44-020A
UPID
US07-1008244
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
-
Hilton Phoenix Airport Hotel & Motel
-
Rennick's Restaurant Restaurant
-
Cardtronics ATM Atm
-
Encore Rental Equipment Company Tech Support Center
-
2435 South 47th Street Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$46.83M
Blend (final)
Blend
$46.59M
Owner & transaction history
47th Street Phoenix Arpt Ll · 9 yrs held
47th Street Phoenix Arpt Ll
since 2016
7 recorded transactions
Zoning & alternative use
I-1 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$46.59M
Range $41.93M – $51.25M · ±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
$213 / 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
$336,411
Tax year 2023
Assessed value
$2,925,021
Assessed 2024
Previous assessed
$2,902,818
+0.8% YoY
Effective rate
11.50%
On assessed value
Land market value
$2,279,200
Improvement market value
$15,448,200
Total market value
$17,727,400
Applied tax rate
31,300.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1989
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
REFRIGERATOR
Stories
4
Units
257
Total area
219,087 SF
Lot
5.59 ac (243,588 SF)
Zoning code
I-1
APN
124-44-020A
UPID
US07-1008244
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Phoenix, AZ
Zoning I-1 · permitted uses
I-1 · 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
1989
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
4
Units
257
Lot
5.59 ac
Current owner
From public records · entity-resolved
47th Street Phoenix Arpt Ll
Individual
Mailing address
26074 N 78TH STB-104, SCOTTSDALE, AZ 85266
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2016
$34,779,948
47th Street Phoenix Arpt Ll
Waramaug Ib Phoenix LLC
Grant Deed
$24,000,000 · Benefit Street Ptrs Cre Fin Ll
Dec 31, 2013
$15,750,000
Waramaug Ib Phoenix LLC
Massachusetts Mutual Life
Grant Deed
—
Dec 23, 1999
$10,000,000
Mutual Life Ins Massachusetts
P A H Partners
Grant Deed
related
—
Dec 16, 1988
—
Pah Partners
Unknown
Grant Deed
related
—
Jun 28, 1988
—
Phoenix Airport
—
Deed Of Trust
related
—
Dec 23, 1987
$4,754,933
Friden/hallmark
—
Trustees Deed
related
—
—
—
Waramaug Ib Phoenix LLC
—
Deed Of Trust
related
$20,100,000 · Relius Financial INC
—
—
47th Street Phoenix Arpt LLC
—
Deed Of Trust
related
$29,000,000 · Yam Cap III LLC
—
—
Phoenix Airport
—
Deed Of Trust
related
$19,000,000 · Transamer Finl S
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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