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Property profile & analytics
OFF-MARKET
Estimated value
$2,985,000
Motels
36 May Mesa, AZ 85201
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US07-1704040
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1945
Construction
CONCRETE
Total area
2,280 SF
Lot
0.48 ac (21,000 SF)
Zoning code
C-3
APN
135-45-001
UPID
US07-1704040
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.20M
Blend (final)
Blend
$2.99M
Owner & transaction history
Immanuel Properites Az LLC · 6 yrs held
Immanuel Properites Az LLC
since 2020
Last sale
$3.6M
6 recorded transactions
Zoning & alternative use
C-3 · Mesa, 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 Mesa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mesa 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
$3,390,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.99M
Range $2.69M – $3.28M · ±10% · vs last sale $3.56M (Apr 30 2020)
Last sale anchor
$3.56M
Apr 30 2020
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
$1,309 / 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
$8,853
Tax year 2023
Assessed value
$181,258
Assessed 2024
Previous assessed
$152,371
+19.0% YoY
Effective rate
4.88%
On assessed value
Land market value
$360,400
Improvement market value
$738,134
Total market value
$1,098,534
Applied tax rate
41,000.0000
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
1945
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
2,280 SF
Lot
0.48 ac (21,000 SF)
Zoning code
C-3
APN
135-45-001
UPID
US07-1704040
Jurisdiction
MARICOPA
Zoning & alternative use
C-3 · Mesa, AZ
Zoning C-3 · permitted uses
C-3 · Mesa, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mesa. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1945
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
Immanuel Properites Az LLC
Entity
Mailing address
153 S SIERRA AVE UNIT #636, SOLANA BEACH, CA 92075-8027
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2020
$3,580,000
Immanuel Properites Az LLC
Del Ri Lodge LLC
Special Warranty Deed
$2,850,000 · Mega Bank
Jul 9, 2010
$700,000
Del Rio Lodge LLC
Pesakovic,bozidar & Nada
Warranty Deed
—
Jul 9, 2010
—
Bozidar Pesakovic
Ritz Hotel Management Corp
Deed In Lieu Of Foreclosure
related
—
Apr 7, 1999
$1,475,000
Ritz Hotel Management Corp
Pesakovic,bozidar & Nada
Grant Deed
$1,125,000 · Seller
Feb 25, 1999
—
Lionel J Roberts
Roberts,thomas E & Luena
Quit Claim Deed
related
—
Mar 29, 1996
$265,000
Bozidar Pesakovic
Rollins D & Louise M Lamb
Grant Deed
—
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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