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    5223 Priest Dr Tempe, AZ 85283-1043
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    Property profile & analytics

    5223 Priest Dr, Tempe, AZ 85283-1043

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    • Hotels
    • 32,265 SF
    • 3.37 lot acres
    Off-Market
    Last Sale Apr 16, 2024
    Property ID
    US07-0101223
    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
    $13,070,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • TownePlace Suites Tempe at Arizona Mills Mall / Hotel & Motel
    • 5223 South Priest Drive Parking / Parking Lot & Garage

    Property Details for 5223 Priest Dr

    Year built
    1998
    Construction
    STEEL FRAME
    Lot size
    3.37 lot acres
    Zone code
    GID
    Property type
    Hotels
    APN
    301-07-326
    APU
    30107326

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 16, 2024 — Mcrt Tempe 1 Tenant LLC Mcrt Tempe 1 LLC Lease $631.5M · Citi Real Estate Funding INC
    Oct 16, 2018 — Mcrt2 Avondale LLC — Grant Deed · related $550M · Bank Of America
    Jun 8, 2011 $5,310,000 Tempe Tps Reno Property LP Apple Six Hospitality Ownershi Grant Deed $6.5M · Compass Bank
    Jul 22, 2005 $5,722,000 Apple Six Hospitality Ownershi Tatp Hotel Property Grant Deed —
    Jun 29, 2004 — Tatp Hotel Property — Deed Of Trust · related $5.9M · Marriott Int'l Cap Corp
    — — Mcrt Tempe 1 LLC 1 — Deed Of Trust $225M · Bank Of America
    — — Tatp Hotel Property — Deed Of Trust · related $4.5M · Gmac Commercial Mortgage Corp
    — — Tatp Hotel Property — Deed Of Trust · related $4.5M · Gmac Commercial Mortgage Corp

    Value Estimations

    based on Realmo’s proprietary methodology
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $13,146,000
      Market price range: $5.26M - $23.5M
      AI Estimate
      $12,988,000
      Market price range: $4.21M - $22.6M
    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $12,840,000
      Current use
      INDUSTRIAL (GENERAL)
      $17,055,000
      Change: +33% Conversion: Difficult
      RETAIL STORES
      $16,990,000
      Change: +32% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $16,200,000
      Change: +26% Conversion: Difficult

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


    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.962
    Latitude
    33.3762
    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
    $104,120
    $0.00
    $0.00
    $1,160,330
    -
    $1,643,300
    $5,389,000
    $7,032,300

    Property Visit Statistics

    • Visits by month
      5.9k
    • Visitors by month
      1.8k
    • Avg Time on site
      441 min
    More about this property
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