Property profile

340 3rd St Phoenix, AZ 85004

OFF-MARKET
Hotels
Property ID
US07-0826456
806,481 SF 2.83 ac lot Built 2008
Entity Owned 21-yr Hold Free & Clear
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 2008
Construction STEEL FRAME
Total area 806,481 SF
Lot 2.83 ac (123,348 SF)
Zoning code DTC-BCORE
APN 111-45-175
UPID US07-0826456

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Courier Service Postal Service
  • Hotel & Motel
  • Trucking Company
  • Atm
  • Hotel & Motel Resort

Location

340 3rd St Phoenix, AZ 85004-2128
Phoenix metro Census 113100 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$252.49M
Blend (final) Blend
$246.93M

Owner & transaction history

since 2005
3 recorded transactions
2025
Price N/A
2005
Price N/A
2005
Price N/A

Zoning & alternative use

DTC-BCORE · Phoenix, AZ
Zoning description

The Business Core character area should function as a strong regional center for employment, entertainment, conventions, tourism, and cultural institutions, drawing visitors from around the country and attracting residen…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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