Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4909 Wendler Dr Tempe, AZ 85282-6310
    Back to Search
    Property profile & analytics

    4909 Wendler Dr, Tempe, AZ 85282-6310

    View on Map
    • Motels
    • 13,112 SF
    • 3.00 lot acres
    Off-Market
    Property ID
    US07-1085222
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $9,370,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Studio 6 Tempe, AZ / Hotel & Motel / Vacation Rental

    Property Details for 4909 Wendler Dr

    Year built
    1995
    Construction
    STEEL FRAME
    Lot size
    3.00 lot acres
    Zone code
    GID
    Property type
    Motels
    APN
    123-25-004C
    APU
    12325004C

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 13, 2021 — G6 Hospitality Property LLC — Deed · related $685M · Jpmorgan Chase Bank NA
    Aug 10, 2017 — G6 Hospitality Property LLC — Grant Deed · related $2,010M · Jp Morgan Chase Bk
    Sep 14, 2012 $4,477,231 G6 Hospitality Property LLC Glasjar Property LLC Grant Deed —
    Sep 14, 2012 $24,657 G6 Hospitality Property LLC Gj Remainder LLC Grant Deed —
    Aug 23, 2002 — Itt Tempe Jp/pi LLC Az Sun Holdings INC Quit Claim Deed · related —
    Feb 28, 2001 $51,040 Gj Remainder LLC Homestead Village INC Trustees Deed $166M · Berkshire Hathaway Credit Corp
    Feb 28, 2001 $4,342,070 Glasjar Property LLC Homestead Village INC Trustees Deed —
    Nov 25, 1996 $5,406,190 Homestead Village INC Wilmax Company L L C Grant Deed $142k · Security Capital Pacific Trust
    — — G6 Hospitality Property LLC — Deed Of Trust · related $1,800M · German Am Cap

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,534,000
      Market price range: $2.14M - $9.53M
      AI Estimate
      $9,201,000
      Market price range: $1.71M - $9.20M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $9,140,000
      AUTO REPAIR, GARAGE
      $9,015,000
      INDUSTRIAL (GENERAL)
      $7,770,000
      RETAIL STORES
      $6,905,000
      NEIGHBORHOOD: SHOPPING CENTER
      $6,715,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.969
    Latitude
    33.3817
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $74,170
    $0.00
    $0.00
    $933,930
    -
    $1,223,600
    $4,436,584
    $5,660,184

    Comparable in this City

    • Value Estimation by Request
      11,254 SF

      5075 Priest Dr

      MOTEL
      5075 Priest Dr, Tempe, AZ 85282-6653
      View Details
    • Value Estimation
      $7,720,000
      10,808 SF

      4400 Rural Rd

      MOTEL
      4400 Rural Rd, Tempe, AZ 85282-7044
      View Details
    • Value Estimation
      $2,500,000
      15,466 SF

      513 Broadway Rd

      MOTEL
      513 Broadway Rd, Tempe, AZ 85282-1310
      View Details
    • Value Estimation
      $24,660,000
      61,925 SF

      2222 Priest Dr

      HOTEL
      2222 Priest Dr, Tempe, AZ 85282-1109
      View Details
    • Value Estimation
      $5,365,000
      39,585 SF

      2301 Southern Ave

      HOTEL
      2301 Southern Ave, Tempe, AZ 85282-7637
      View Details
    • Value Estimation
      $22,625,000
      24,847 SF

      2100 Priest Dr

      HOTEL
      2100 Priest Dr, Tempe, AZ 85282-1116
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,200 SF

      Restaurant Parcel Near ASU Campus

      Freestanding restaurant space in high-traffic location near Arizona State.
      1301 E Broadway Rd, Tempe, AZ 85282
      View Details
    • Contact for pricing

      Tempe Industrial/Warehouse/Distribution Building

      40,971 SF building in Tempe, suitable for industrial use.
      2980 South Priest Dr, Tempe, AZ 85282
      View Details
    • $882,050
      1,495 SF

      Retail Space in Tempe, Arizona

      Retail space available for sale in Tempe, Arizona.
      410 E Southern Ave, Tempe, AZ 85282
      View Details
    • Contact for pricing
      2,157 SF

      Tempe Standalone Medical Office Building

      Standalone Tempe office building, currently built out as medical.
      2030-2040 S Rural Rd, Tempe, AZ 85282
      View Details
    • Contact for pricing

      Freestanding Restaurant Building in Tempe

      Fully fixturized restaurant for sale in a bustling Tempe location.
      1705 East Broadway Rd, Tempe, AZ 85282
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical/Office Space Available

      Fully built-out medical/office space for lease near ASU.
      1845 E Broadway Rd, Tempe, AZ 85282
      View Details
    • Contact for pricing

      Redevelopment Opportunity Near 48th & Southern

      Pad site available for lease with high traffic counts.
      3233 S 48Th St, Tempe, AZ 85282
      View Details
    • $0.85 SF/Yr

      Tempe Office, Industrial, Retail Suites

      Office, industrial, and retail suites available for lease in Tempe.
      2717 W Southern Ave, Tempe, AZ 85282
      View Details
    • $1.35 SF/Yr

      Industrial Space For Lease

      Industrial space available for lease at 48th St & Broadway.
      2109 S 48Th St, Tempe, AZ 85282
      View Details
    • $1.32 SF/Yr

      Industrial Space For Lease

      Industrial space available for lease at 48th St & Broadway.
      2113 S 48Th St, Tempe, AZ 85282
      View Details
    • $1.30 SF/Yr

      Tempe Office/Flex/Warehouse Space Available

      Office, flex, and warehouse spaces for lease with freeway access.
      254 W Baseline Rd, Tempe, AZ 85282
      View Details

    Property Visit Statistics

    • Visits by month
      6.7k
    • Visitors by month
      1.2k
    • Avg Time on site
      517 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4909 Wendler Dr
    Tempe, AZ 85282-6310
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4909 Wendler Dr, Tempe, AZ, 85282
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!