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Property profile & analytics
OFF-MARKET
Estimated value
$11,050,000
Hotels
7677 16th St, Phoenix, AZ 85020-4434
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-0500344
Property profile
Verified
Property type
Hotels
Use group
HOTEL-RESORT
Year built
1976
Construction
CONCRETE
Total area
23,376 SF
Lot
6.7 ac (291,958 SF)
Zoning code
R-5
APN
164-22-019C
UPID
US07-0500344
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
-
Cardtronics ATM Atm
-
Arizona Glassblowing Studio Factory Industrial Manufacturer
-
Encore Rental Equipment Company Tech Support Center
-
7677 North 16th Street Parking Parking Lot & Garage
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.05M
Owner & transaction history
The View At The Peak LLC · 1 yrs held
The View At The Peak LLC
since 2024
3 recorded transactions
Zoning & alternative use
R-5 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$16.3M
+33.7%
Restaurant
$12.5M
+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
$12,175,000
Current use
COMMERCIAL (GENERAL)
$16,280,000
Change: +34% · Conversion: Difficult
RESTAURANT
$12,485,000
Change: +3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,880,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$11.05M
Range $9.95M – $12.16M · ±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
$473 / 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 2015Property tax & assessments
Tax year 2015
Assessed value
$4,411,404
Assessed 2017
Assessed land
$323,640
Assessed improvement
$4,087,764
Land market value
$1,798,000
Improvement market value
$22,709,800
Total market value
$24,507,800
Applied tax rate
381,300.0000
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-RESORT
Status
Off-Market
Year built
1976
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
30
Stories
4
Total area
23,376 SF
Lot
6.7 ac (291,958 SF)
Zoning code
R-5
APN
164-22-019C
UPID
US07-0500344
Jurisdiction
MARICOPA
Zoning & alternative use
R-5 · Phoenix, AZ
Zoning R-5 · permitted uses
R-5 · 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
$12.2M
COMMERCIAL (GENERAL)
Est. value
$16.3M
RESTAURANT
Est. value
$12.5M
AUTO REPAIR, GARAGE
Est. value
$9.9M
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
1976
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
4
Buildings
30
Lot
6.7 ac
Current owner
From public records · entity-resolved
The View At The Peak LLC
Entity
Mailing address
7677 N 16TH ST, PHOENIX, AZ 85020-4434
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Oct 30, 2025
—
Peak Hotel LLC
—
Deed
related
$50,000,000 · East West Bank
Nov 25, 2024
$11,300,000
The View At The Peak LLC
Cref3 Hsp Owner LLC
Special Warranty Deed
$14,550,000 · Firstbank
Oct 1, 2024
$39,500,000
Peak Hotel LLC
Cref3 Hsp Owner LLC
Special Warranty Deed
—
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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