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Property profile & analytics
OFF-MARKET
Estimated value
$29,615,000
Hotels
620 6th St, Phoenix, AZ 85004-2149
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US07-1191750
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1997
Construction
STEEL FRAME
Total area
48,532 SF
Lot
2.07 ac (90,039 SF)
Zoning code
C-DT
APN
111-46-149
UPID
US07-1191750
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
-
Holiday Inn Express Hotel & Motel
-
Best Western Downtown Phoenix Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$30.28M
Blend (final)
Blend
$29.62M
Owner & transaction history
Downtwon Hospitality Group LLC · 13 yrs held
Downtwon Hospitality Group LLC
since 2013
3 recorded transactions
Zoning & alternative use
C-DT · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$36.6M
+44.9%
Restaurant
$25.9M
+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
$25,275,000
Current use
COMMERCIAL (GENERAL)
$36,625,000
Change: +45% · Conversion: Difficult
RESTAURANT
$25,915,000
Change: +3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$20,505,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$29.62M
Range $26.65M – $32.58M · ±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
$610 / 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
$148,373
Tax year 2023
Assessed value
$2,340,380
Assessed 2024
Previous assessed
$1,016,209
+130.3% YoY
Effective rate
6.34%
On assessed value
Land market value
$9,003,900
Improvement market value
$5,180,223
Total market value
$14,184,123
Applied tax rate
11,300.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1997
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
3
Total area
48,532 SF
Lot
2.07 ac (90,039 SF)
Zoning code
C-DT
APN
111-46-149
UPID
US07-1191750
Jurisdiction
MARICOPA
Zoning & alternative use
C-DT · Phoenix, AZ
Zoning C-DT · permitted uses
C-DT · 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
$25.3M
COMMERCIAL (GENERAL)
Est. value
$36.6M
RESTAURANT
Est. value
$25.9M
AUTO REPAIR, GARAGE
Est. value
$20.5M
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
1997
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
3
Lot
2.07 ac
Current owner
From public records · entity-resolved
Downtwon Hospitality Group LLC
Entity
Mailing address
7255 E HAMPTON AVE STE #122, MESA, AZ 85209-3313
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2025
—
Downtown Hospitality Group LLC
—
Deed
related
$6,750,000 · Arizona FCU
Jun 27, 2017
—
Downtown Hospitality Group LLC
—
Grant Deed
related
$7,500,000 · Great Wstrn Bk
Feb 15, 2013
—
Downtwon Hospitality Group LLC
Prime Motels INC
Special Warranty Deed
$5,700,000 · German American Capital Corporation
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.
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