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Property profile & analytics
OFF-MARKET
Estimated value
$4,775,000
Motels
2900 Van Buren St Phoenix, AZ 85008-6805
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0951883
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1959
Construction
CONCRETE
Total area
19,770 SF
Lot
1.47 ac (63,824 SF)
Zoning code
C-G
APN
121-68-072A
UPID
US07-0951883
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
-
Days Inn by Wyndham Airport - Phoenix Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.23M
Blend (final)
Blend
$4.78M
Owner & transaction history
Ahi 2900 E Van Buren LLC · 4 yrs held
Ahi 2900 E Van Buren LLC
since 2022
Last sale
$5.1M
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
$5,255,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.78M
Range $4.30M – $5.25M · ±10% · vs last sale $5.10M (Apr 18 2022)
Last sale anchor
$5.10M
Apr 18 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
$242 / 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
$20,322
Tax year 2022
Assessed value
$306,962
Assessed 2024
Previous assessed
$263,296
+16.6% YoY
Effective rate
6.62%
On assessed value
Land market value
$663,200
Improvement market value
$1,197,176
Total market value
$1,860,376
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
1959
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
2
Units
50
Total area
19,770 SF
Lot
1.47 ac (63,824 SF)
Zoning code
C-G
APN
121-68-072A
UPID
US07-0951883
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
1959
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
2
Units
50
Lot
1.47 ac
Current owner
From public records · entity-resolved
Ahi 2900 E Van Buren LLC
Entity
Mailing address
209 W JACKSON ST #100, PHOENIX, AZ 85003-2406
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2022
$5,100,000
Ahi 2900 E Van Buren LLC
Mani Hotels LLC
Special Warranty Deed
—
Jul 30, 2018
—
Mani Hotels LLC
—
Deed
related
$1,600,000 · Salamone Trust (pt)
Aug 11, 2017
—
Mani Hotels LLC
—
Deed
related
$600,000 · Salamone Trust (pt)
Apr 18, 2017
$2,475,000
Mani Hotels LLC
United Express LLC
Grant Deed
$2,075,000 · United Express LLC
Nov 30, 1999
—
United Express LLC
Ahir,dayalbhai V
Grant Deed
related
—
Nov 5, 1999
$650,000
Dayalbhai V Ahir
Laxmi Real Estate LLC
Trustees Deed
—
Apr 17, 1997
$1,650,000
Real Estate L L C Laxmi
Sun Country Resorts INC
Grant Deed
$1,125,000 · Money Store Commercial Mortgag
Mar 2, 1990
—
Country Reso Sun
H & H Enterprise
Grant Deed
related
—
—
—
Monica A Waters
—
Deed Of Trust
related
—
—
—
Sun Country Resorts INC
—
Deed Of Trust
related
—
—
—
Mani Hotels LLC
—
Deed Of Trust
related
$600,000 · Salamone Trust (pt)
—
—
Mani Hotels LLC
—
Deed Of Trust
related
$1,600,000 · Salamone Trust (pt)
—
—
Sun Country Resorts INC
—
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.
Try Rey
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