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Property profile & analytics
OFF-MARKET
Estimated value
$21,690,000
Hotels
3275 Market St, Gilbert, AZ 85297-7328
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-1036825
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2008
Construction
STEEL FRAME
Total area
80,981 SF
Lot
2.35 ac (102,513 SF)
Zoning code
R-CH
APN
304-46-972
UPID
US07-1036825
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
-
Hyatt Place Phoenix/Gilbert Hotel & Motel
-
Dream Relationship Workshop by 113 Seminars Marriage Or Relationship Counselor Education
-
Dream Relationship Workshop | Create the Marriage & Relationship of your Dreams. Marriage Or Relationship Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.69M
Owner & transaction history
Hcw Gh LLC · 3 yrs held
Hcw Gh LLC
since 2022
Last sale
$19.5M
7 recorded transactions
Zoning & alternative use
R-CH · Gilbert, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$36.0M
+11.6%
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 Gilbert submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gilbert 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
$19,150,000
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
$32,230,000
Current use
AUTO REPAIR, GARAGE
$35,955,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$29,730,000
Change: -8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$29,470,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$21.69M
Range $19.52M – $23.86M · ±10% · vs last sale $19.48M (Dec 15 2022)
Last sale anchor
$19.48M
Dec 15 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
$268 / 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
$162,469
Tax year 2023
Assessed value
$2,853,005
Assessed 2024
Previous assessed
$1,667,360
+71.1% YoY
Effective rate
5.69%
On assessed value
Land market value
$2,870,300
Improvement market value
$14,420,640
Total market value
$17,290,940
Applied tax rate
410,618.0000
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
Stories
6
Units
127
Total area
80,981 SF
Lot
2.35 ac (102,513 SF)
Zoning code
R-CH
APN
304-46-972
UPID
US07-1036825
Jurisdiction
MARICOPA
Zoning & alternative use
R-CH · Gilbert, AZ
Zoning R-CH · permitted uses
R-CH · Gilbert, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gilbert. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$32.2M
AUTO REPAIR, GARAGE
Est. value
$36.0M
RETAIL STORES
Est. value
$29.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$29.5M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2008
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
6
Units
127
Lot
2.35 ac
Current owner
From public records · entity-resolved
Hcw Gh LLC
Entity
Mailing address
2398 E CAMELBACK RD STE #690, PHOENIX, AZ 85016-9017
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2022
$19,475,000
Hcw Gh LLC
Vijay K Dua
Special Warranty Deed
$15,037,500 · Equity Bank
Dec 15, 2022
—
Gaurav Sethi
Katie Gorda Sethi
Intrafamily Transfer
related
—
Apr 11, 2022
—
Ravinder Sethi
Ashima Sethi
Intrafamily Transfer
related
—
Nov 3, 2021
—
Nasir Baz Malik
Meher Hospitality LP
Special Warranty Deed
—
Nov 24, 2020
—
Guarav Sethi
Sethi Family Trust
Quit Claim Deed
related
—
Feb 8, 2017
$15,500,000
Jp Sethi
Gilbert/hp LLC
Special Warranty Deed
—
Feb 26, 2008
—
Gilbert Hp LLC
Woodbine Val Vista LLC
Special Warranty Deed
—
May 15, 2007
$26,500,000
Woodbine Of Val Vista LLC
Val Vista Center INC
Grant Deed
related
$21,000,000 · Wells Fargo Bank
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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