Property profile

511 Farmer Ave Tempe, AZ 85281

OFF-MARKET
Hotels
Property ID
US07-2244394
49,155 SF 1.26 ac lot Built 2021
Entity Owned ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 2021
Total area 49,155 SF
Lot 1.26 ac (54,736 SF)
Zoning code PAD
APN 124-33-364
UPID US07-2244394

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
  • Bar & Pub
  • Restaurant
  • Restaurant
  • Restaurant
  • Hotel & Motel

Location

511 Farmer Ave Tempe, AZ 85281-2836
Tempe metro Census 318800 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
$18.50M
Blend (final) Blend
$17.70M

Owner & transaction history

since 2026
Last sale
$17.0M
4 recorded transactions
2026
$17.0M
2020
Price N/A
2019
$3.7M
2019
Price N/A

Zoning & alternative use

PAD · Tempe, AZ
Top alternative use upside
Retail stores $25.9M +32.3%
Neighborhood: shopping center $24.7M +26.2%

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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