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Property profile & analytics
OFF-MARKET
Estimated value
$14,465,000
Specialty properties
8617 Black Cyn Hwy, Phoenix, AZ 85021-4158
Entity Owned
21-yr Hold
Free & Clear
Property ID
US07-3400655
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1974
Construction
CONCRETE
Total area
4,400 SF
Lot
3.86 ac (168,142 SF)
Zoning code
C-2
APN
158-03-003B
UPID
US07-3400655
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
-
Budget Lodge Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.32M
Blend (final)
Blend
$14.47M
Owner & transaction history
8617 Black Canyon Hwy LLC · 21 yrs held
8617 Black Canyon Hwy LLC
since 2004
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$14.47M
Range $13.02M – $15.91M · ±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
$3,288 / 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
$68,084
Tax year 2023
Assessed value
$893,409
Assessed 2024
Previous assessed
$745,076
+19.9% YoY
Effective rate
7.62%
On assessed value
Land market value
$2,584,400
Improvement market value
$2,830,200
Total market value
$5,414,600
Applied tax rate
61,300.0000
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1974
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
4
Stories
1
Units
4
Total area
4,400 SF
Lot
3.86 ac (168,142 SF)
Zoning code
C-2
APN
158-03-003B
UPID
US07-3400655
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZ
Zoning C-2 · permitted uses
C-2 · 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.
Building & site characteristics
From public records
Year built
1974
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
4
Units
4
Lot
3.86 ac
Current owner
From public records · entity-resolved
8617 Black Canyon Hwy LLC
Entity
Free & Clear · 21 yrs held
Mailing address
1538 E MAIN ST, EL CAJON, CA 92021-5901
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2025
—
8617 Black Canyon Highway LLC
—
Deed
related
$3,450,000 · Desert Financial Cu
Oct 4, 2022
—
8617 Black Canyon Highway LLC
—
Deed
related
$525,000 · Western Commerce Bank
Mar 29, 2021
—
8617 Black Canyon Highway LLC
—
Deed
related
$3,300,000 · Bbcn Bank
Jan 27, 2020
—
8617 Black Canyon Highway LLC
—
Deed
related
$3,300,000 · Bbcn Bank
Jul 14, 2004
$100,000
8617 Black Canyon Hwy LLC
Wavecrest Properties LLC
Quit Claim Deed
related
—
Jun 24, 2003
$1,850,000
Wave Crest Properties INC
Owens Mortgage Investment Fund
Grant Deed
$1,480,000 · Owens Mortgage Investment Fund
Jan 10, 2002
$2,300
Owens Mortgage Investment Fund
Good Nite Inn Phoenix LLC
Trustees Deed
related
—
Sep 28, 1998
$4,300,000
Good Nite Inn Phoenix LLC
Black Canyon Hospitality INC
Grant Deed
$3,225,000 · Owens Financial Group INC
Jul 21, 1997
—
Black Canyon Hospitality INC
Federal Insurance Corp
Trustees Deed
related
—
Feb 21, 1996
$2,800,000
Union Federal Bank
Cim Partnership
Trustees Deed
related
—
—
—
Black Canyon Hospitality INC
—
Deed Of Trust
related
$2,287,500 · Salomon Brothers Realty Corp
—
—
Good Nite Inn Phoenix LLC
—
Deed Of Trust
related
$1,400,238 · Galen Company Ltd
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.
Try Rey
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