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Property profile & analytics
OFF-MARKET
Estimated value
$32,785,000
Hotels
2940 Greenfield Rd, Phoenix, AZ 85016-7700
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US07-1421183
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2019
Construction
STEEL FRAME
Total area
74,563 SF
Lot
2.03 ac (88,383 SF)
Zoning code
R-5
APN
119-24-041Z
UPID
US07-1421183
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
-
Staybridge Suites Phoenix – Biltmore Area, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$33.52M
Blend (final)
Blend
$32.79M
Owner & transaction history
Greenfield Hotel Investors LLC · 8 yrs held
Greenfield Hotel Investors LLC
since 2018
7 recorded transactions
Zoning & alternative use
R-5 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$51.9M
+33.7%
Restaurant
$39.8M
+2.5%
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
HOTEL/MOTEL
$38,835,000
Current use
COMMERCIAL (GENERAL)
$51,925,000
Change: +34% · Conversion: Difficult
RESTAURANT
$39,820,000
Change: +3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$31,505,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$32.79M
Range $29.51M – $36.06M · ±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
$440 / 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
$173,437
Tax year 2023
Assessed value
$2,590,748
Assessed 2024
Previous assessed
$1,224,170
+111.6% YoY
Effective rate
6.69%
On assessed value
Land market value
$2,051,000
Improvement market value
$13,650,506
Total market value
$15,701,506
Applied tax rate
141,300.0000
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
2019
Construction
STEEL FRAME
Heating
NONE
Stories
4
Total area
74,563 SF
Lot
2.03 ac (88,383 SF)
Zoning code
R-5
APN
119-24-041Z
UPID
US07-1421183
Jurisdiction
MARICOPA
Zoning & alternative use
R-5 · Phoenix, AZ
Zoning R-5 · permitted uses
R-5 · 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
HOTEL/MOTEL Current
Est. value
$38.8M
COMMERCIAL (GENERAL)
Est. value
$51.9M
RESTAURANT
Est. value
$39.8M
AUTO REPAIR, GARAGE
Est. value
$31.5M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
2019
Construction
STEEL FRAME
Heating
NONE
Stories
4
Lot
2.03 ac
Current owner
From public records · entity-resolved
Greenfield Hotel Investors LLC
Entity
Mailing address
180 N UNIVERSITY AVE STE #200, PROVO, UT 84601-5648
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
Aug 29, 2023
—
Greenfjeld Hotel Investors LLC
—
Deed
related
$12,100,000 · Bank Of America NA
Apr 27, 2018
—
Greenfield Hotel Investors LLC
Cebfa Storage I LLC
Special Warranty Deed
$12,850,000 · Us Bank NA
Jun 14, 2017
$2,200,000
Cebfa Storage I LLC
Mataji Hospitality LLC
Grant Deed
—
Sep 15, 2008
$2,000,000
Mataji Hospitality LLC
Cosmopolitan Greenfield LLC
Grant Deed
—
Dec 13, 2007
—
Cosmopolitan Greenfield LLC
—
Trustees Deed
related
$1,200,000 · Alliance Bank Of Arizona
Jun 28, 2005
$600,000
Cosmopolitan Greenfield LLC
Steve Cunningham
Warranty Deed
$390,000 · Citizens State Bank Midwest
Jul 7, 1997
—
Steven Cunningham
State Department Of Trans
Quit Claim Deed
related
$160,800 · Seller
—
—
Cosmopolitan Greenfield LLC
—
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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