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Property profile & analytics
OFF-MARKET
Estimated value
$25,260,000
Hotels
2929 Frye Rd, Chandler, AZ 85224-5001
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-1501020
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2008
Construction
STEEL FRAME
Total area
137,823 SF
Lot
3.56 ac (155,114 SF)
Zoning code
PAD
APN
303-24-145C
UPID
US07-1501020
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
-
Tesla Destination Charger Electric Vehicle Charging Station
-
Encore IT Consulting Firm Tech Support Center
-
Taste an American Bistro Restaurant
-
Hilton Phoenix Chandler Hotel & Motel
-
R Bar Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$25.26M
Owner & transaction history
M2 Chandler LLC · 4 yrs held
M2 Chandler LLC
since 2021
Last sale
$30.0M
7 recorded transactions
Zoning & alternative use
PAD · Chandler, 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 Chandler submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chandler 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
$28,340,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$25.26M
Range $22.73M – $27.79M · ±10% · vs last sale $30.00M (Sep 17 2021)
Last sale anchor
$30.00M
Sep 17 2021
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
$183 / 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
$245,263
Tax year 2023
Assessed value
$5,862,964
Assessed 2024
Previous assessed
$2,465,000
+137.8% YoY
Effective rate
4.18%
On assessed value
Land market value
$1,826,200
Improvement market value
$33,706,913
Total market value
$35,533,113
Applied tax rate
800,300.0000
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
2008
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
6
Total area
137,823 SF
Lot
3.56 ac (155,114 SF)
Zoning code
PAD
APN
303-24-145C
UPID
US07-1501020
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Chandler, AZ
Zoning PAD · permitted uses
PAD · Chandler, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chandler. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2008
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
6
Buildings
3
Lot
3.56 ac
Current owner
From public records · entity-resolved
M2 Chandler LLC
Entity
Mailing address
1503 LYNDON B JOHNSON FWY STE #300, DALLAS, TX 75234-6011
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2024
—
M2 Chandler LLC
—
Deed
related
$280,500,000 · German American Capital Corporation
Oct 20, 2021
—
M2 Chandler LLC
—
Deed
related
$21,075,000 · Western Alliance Bank
Sep 17, 2021
$30,000,000
M2 Chandler LLC
Chandler Hospitality Property LP
Special Warranty Deed
—
Nov 21, 2017
—
Chandler Hospitality Prop LP
—
Loan Modification
related
$28,350,000 · Compass Bk
Oct 17, 2012
—
Chandler Hospitality Prop LP
—
Deed Of Trust
related
$37,940,000 · Compass Bank
Dec 27, 2006
$1,861,680
Hospitality Prop Chandler
Edmond University Place LLC
Grant Deed
$2,100,000 · Compass Bank
—
—
Chandler Hospitality Prop LP
—
Loan Modification
related
$24,429,000 · Compass Bk
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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