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Property profile & analytics
OFF-MARKET
Estimated value
$8,745,000
Motels
5102 Latham St Phoenix, AZ 85043-1770
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US07-3284596
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1989
Construction
STEEL FRAME
Total area
12,532 SF
Lot
2.41 ac (105,003 SF)
Zoning code
I-1
APN
103-30-308
UPID
US07-3284596
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
-
Travelers Inn Phoenix Hotel & Motel
-
budget car rental Car Rental Facility
-
Avis Car Rental Car Rental Facility
-
LibertyX Bitcoin ATM Atm Currency Exchange Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.94M
Blend (final)
Blend
$8.75M
Owner & transaction history
Pjj Bros LLC · 19 yrs held
Pjj Bros LLC
since 2006
5 recorded transactions
Zoning & alternative use
I-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.7M
+33.7%
Restaurant
$6.7M
+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
$6,525,000
Current use
COMMERCIAL (GENERAL)
$8,730,000
Change: +34% · Conversion: Difficult
RESTAURANT
$6,690,000
Change: +3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,295,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$8.75M
Range $7.87M – $9.62M · ±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
$698 / 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
$91,588
Tax year 2023
Assessed value
$691,070
Assessed 2024
Previous assessed
$595,663
+16.0% YoY
Effective rate
13.25%
On assessed value
Land market value
$756,300
Improvement market value
$3,432,000
Total market value
$4,188,300
Applied tax rate
831,300.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1989
Construction
STEEL FRAME
Heating
NONE
Buildings
3
Stories
3
Units
3
Total area
12,532 SF
Lot
2.41 ac (105,003 SF)
Zoning code
I-1
APN
103-30-308
UPID
US07-3284596
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Phoenix, AZ
Zoning I-1 · permitted uses
I-1 · 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
$6.5M
COMMERCIAL (GENERAL)
Est. value
$8.7M
RESTAURANT
Est. value
$6.7M
AUTO REPAIR, GARAGE
Est. value
$5.3M
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
1989
Construction
STEEL FRAME
Heating
NONE
Stories
3
Buildings
3
Units
3
Lot
2.41 ac
Current owner
From public records · entity-resolved
Pjj Bros LLC
Entity
Mailing address
5102 W LATHAM ST, PHOENIX, AZ 85043-1770
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2006
$7,000,000
Pjj Bros LLC
Nasu LLC
Grant Deed
$3,000,000 · Zions First National Bank
Dec 15, 2004
$4,450,000
Nasu LLC
Campbell Holdings
Grant Deed
$2,237,500 · Zions First National Bank
Oct 13, 1998
—
Campbell Holdings
—
Deed Of Trust
related
$115,000,000 · Wells Fargo Bank
—
—
Pjj Bros LLC
—
Deed Of Trust
related
$1,998,000 · Small Business Finance
—
—
Nasu LLC
—
Deed Of Trust
related
$1,296,000 · Business Development Finance
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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