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Property profile & analytics
OFF-MARKET
Estimated value
$1,135,000
Motels
2529 Van Buren St Phoenix, AZ 85008-6036
Individually Owned
7-yr Hold
Free & Clear
Property ID
US07-2739032
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1948
Construction
CONCRETE
Total area
1,296 SF
Lot
0.79 ac (34,412 SF)
Zoning code
C-3
APN
121-63-108
UPID
US07-2739032
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
-
Arellano Auto Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.14M
Owner & transaction history
Jose A Arellano · 7 yrs held
Jose A Arellano
since 2018
7 recorded transactions
Zoning & alternative use
C-3 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$905,000
+33.7%
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
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$905,000
Change: +34% · Conversion: Difficult
Blend value · Realmo final
$1.14M
Range $1.02M – $1.25M · ±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
$876 / 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
$5,306
Tax year 2023
Assessed value
$100,558
Assessed 2024
Previous assessed
$52,095
+93.0% YoY
Effective rate
5.28%
On assessed value
Land market value
$395,700
Improvement market value
$213,743
Total market value
$609,443
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
1948
Construction
CONCRETE
Heating
FLOOR/WALL FURNACE
Buildings
2
Stories
1
Total area
1,296 SF
Lot
0.79 ac (34,412 SF)
Zoning code
C-3
APN
121-63-108
UPID
US07-2739032
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$905,000
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1948
Construction
CONCRETE
Heating
FLOOR/WALL FURNACE
Stories
1
Buildings
2
Lot
0.79 ac
Current owner
From public records · entity-resolved
Jose A Arellano
Individual
Free & Clear · 7 yrs held
Mailing address
640 E HARRISON ST, CHANDLER, AZ 85225-3907
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2018
$180,000
Jose A Arellano
Stumme Clifford R Trust
Warranty Deed
—
Jul 5, 2006
—
Stumme Clifford R Trust
Stumme C & J Living Trust
Quit Claim Deed
related
—
May 19, 2004
$261,320
Strum,tr
Centerpoint Investments LLC
Trustees Deed
—
Mar 7, 2003
$340,000
Centerpointe Investments LLC
Stumme,tr
Grant Deed
$304,000 · Stumme Trust
Feb 12, 2002
—
Stumme Trust
Stumme,clifford R & Joyce M
Quit Claim Deed
related
—
Feb 7, 2002
$180,000
Clifford R Stumme
Patel,vinodchandra M & Jyoti V
Grant Deed
$58,400 · Vinodchandra M & Jyoti V Patel
Mar 1, 1996
$130,000
Vinodchandra M Patel
Manuel & Juanita S Cirilo
Grant Deed
$100,000 · Seller
Jan 4, 1988
—
Cirilo Manuel
—
Deed Of Trust
related
—
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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