Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    537 Country Clb Dr Mesa, AZ 85210-2323
    Back to Search
    Property profile & analytics

    537 Country Clb Dr, Mesa, AZ 85210-2323

    View on Map
    • Motels
    • 792 SF
    • 2.31 lot acres
    Off-Market
    Last Sale Jul 26, 2022
    $700,000
    Property ID
    US07-1509702
    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
    $730,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Budget Suites Motel / Hotel & Motel / Resort
    • Rafael Garcia / Travel Agency
    • Buffet suits / Hotel & Motel

    Property Details for 537 Country Clb Dr

    Year built
    1948
    Construction
    CONCRETE
    Lot size
    2.31 lot acres
    Zone code
    C-G
    Property type
    Motels
    APN
    139-39-004
    APU
    13939004

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 26, 2022 — Fassil Ayalew Coralia Ayalew Affidavit Of Death Of Joint Tenant · related —
    Jun 15, 2016 — Budget Suites Extended Stay Ll Ayalew,fassil Quit Claim Deed · related —
    Aug 20, 2013 — Fassil Ayalew Ayalew,coralia & Fassil Quit Claim Deed · related —
    Jul 30, 2004 $1,280,000 Fassil Ayalew Ayala Properties INC Grant Deed · related $300k · Investment Property Exchange
    Jan 5, 2004 $700,000 Ayala Properties INC Maps International Investments Grant Deed $300k · Camelback Community Bank
    Jan 12, 1995 $525,000 International Investments I Maps Petsas-magargal Buckeroo Grant Deed $390k · Seller
    May 27, 1992 $1,000,000 Buckeroo Motor C Petsas-magargal Towa Holiday Cen Grant Deed —
    Aug 1, 1988 $1,300,000 Towa Holiday Cen Petsa Grant Deed —
    — — Fassil Ayalew — Deed Of Trust · related $500k · Rita Kozacek

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $715,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $765,000
      Market price range: $160k - $765k
      AI Estimate
      $765,000
      Market price range: $160k - $765k

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $500,000
      Current use
      COMMERCIAL (GENERAL)
      $510,000
      Change: +2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.839
    Latitude
    33.4045
    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
    $16,115
    $0.00
    $0.00
    $252,071
    -
    $915,500
    $643,000
    $1,558,500

    Comparable in this City

    • Value Estimation
      $20,735,000
      42,939 SF

      455 Baseline Rd

      MOTEL
      455 Baseline Rd, Mesa, AZ 85210-6006
      View Details
    • Value Estimation
      $3,925,000
      13,195 SF

      22 Country Clb Dr

      MOTEL
      22 Country Clb Dr, Mesa, AZ 85210-1223
      View Details
    • Value Estimation
      $7,660,000
      12,488 SF

      1511 Country Clb Dr

      MOTEL
      1511 Country Clb Dr, Mesa, AZ 85210-5133
      View Details
    • Value Estimation
      $7,875,000
      8,220 SF

      366 Hampton Ave

      MOTEL
      366 Hampton Ave, Mesa, AZ 85210-5255
      View Details
    • Value Estimation
      $38,600,000
      39,957 SF

      941 Grv Ave

      HOTEL
      941 Grv Ave, Mesa, AZ 85210-4929
      View Details
    • Value Estimation
      $11,575,000
      65,394 SF

      902 Grv Ave

      HOTEL
      902 Grv Ave, Mesa, AZ 85210-4930
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mesa Hospitality Property for Sale

      Hospitality property in Mesa, Arizona, available for purchase.
      1011 W Holmes Ave, Mesa, AZ 85210
      View Details
    • $1,650,000

      Office Space Apache Junction, AZ

      Office space for sale at Meridian & University Dr.
      11556 E University Dr, Apache Junction, AZ 85210
      View Details
    • $1,650,000

      Office Space in Apache Junction

      Office space for sale at Meridian & University Dr.
      11556 E University Dr, Apache Junction, AZ 85210
      View Details
    • Contact for pricing

      Downtown Mesa Redevelopment Opportunity

      Mixed-use redevelopment opportunity in Downtown Mesa's evolving core.
      20 South Macdonald, Mesa, AZ 85210
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mesa Office Space For Rent

      Single tenant office unit available for lease in Mesa.
      1811 S Alma School Rd, Mesa, AZ 85210
      View Details
    • $15 SF/Yr
      5,875 SF

      Freestanding Mesa Property For Lease

      Remodeled showroom with roll-up bays, ideal for automotive or industrial.
      220 E Baseline Rd, Mesa, AZ 85210
      View Details
    • $3,500 /Mo

      Mesa Office/Flex Space Available

      Office/flex space with large fenced yard, convenient freeway access.
      231 S Sirrine, Mesa, AZ 85210
      View Details
    • Contact for pricing

      Fry's Anchored Shopping Center Space

      Neighborhood shopping center anchored by Fry's Food & Drug.
      542 West Baseline Rd, Mesa, AZ 85210
      View Details
    • $19 SF/Yr

      Two-Story Multi-Tenant Office Building

      Office building with immediate highway access and nearby retail.
      1001 West Southern Ave, Mesa, AZ 85210
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office space available for lease in Mesa, Arizona.
      1940 S Country Club Dr, Mesa, AZ 85210
      View Details
    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.
    537 Country Clb Dr
    Mesa, AZ 85210-2323
    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
    537 Country Clb Dr, Mesa, AZ, 85210
    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!