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Property profile & analytics
OFF-MARKET
Estimated value
$38,600,000
Hotels
941 Grv Ave Mesa, AZ 85210-4929
Individually Owned
6-yr Hold
Free & Clear
Property ID
US07-0270072
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1998
Construction
STEEL FRAME
Total area
39,957 SF
Lot
2.61 ac (113,897 SF)
Zoning code
LC
APN
134-23-019D
UPID
US07-0270072
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
-
Residence Inn Phoenix Mesa Hotel & Motel
-
golf club of estrella Hotel & Motel Bed & Breakfast
-
941 W. Grove Avenue Parking Parking Lot & Garage
-
arizona spring champions Park
-
Rare Find! Comfy 1BR Suite! Parking, Pool! Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$38.60M
Blend (final)
Blend
$38.60M
Owner & transaction history
Collective Hospitality Mesa · 6 yrs held
Collective Hospitality Mesa
since 2019
7 recorded transactions
Zoning & alternative use
LC · Mesa, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$25.6M
+1.6%
Restaurant
$25.6M
+1.3%
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 Mesa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mesa 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
$25,235,000
Current use
COMMERCIAL (GENERAL)
$25,640,000
Change: +2% · Conversion: Difficult
RESTAURANT
$25,575,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$38.60M
Range $34.74M – $42.46M · ±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
$966 / 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
$116,748
Tax year 2023
Assessed value
$1,767,775
Assessed 2024
Previous assessed
$1,070,065
+65.2% YoY
Effective rate
6.60%
On assessed value
Land market value
$1,296,100
Improvement market value
$9,417,690
Total market value
$10,713,790
Applied tax rate
41,000.0000
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
1998
Construction
STEEL FRAME
Heating
HEAT PUMP
Buildings
3
Stories
3
Units
3
Total area
39,957 SF
Lot
2.61 ac (113,897 SF)
Zoning code
LC
APN
134-23-019D
UPID
US07-0270072
Jurisdiction
MARICOPA
Zoning & alternative use
LC · Mesa, AZ
Zoning LC · permitted uses
LC · Mesa, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mesa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$25.2M
COMMERCIAL (GENERAL)
Est. value
$25.6M
RESTAURANT
Est. value
$25.6M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
RESTAURANT
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
1998
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
3
Buildings
3
Units
3
Lot
2.61 ac
Current owner
From public records · entity-resolved
Collective Hospitality Mesa
Individual
Free & Clear · 6 yrs held
Mailing address
2402 MILLAR AVE SASKATOON SK 7TH XX
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2019
$14,225,000
Collective Hospitality Mesa
Peg Phoenix Mesa Property
Grant Deed
—
Sep 11, 2018
$11,500,000
Peg Phoenix Mesa Property L
Bre Timberwolf Property Ow
Trustees Deed
$59,675,000 · Acrc Lender
Jul 17, 2017
—
Bre Timberwolf Prop Owner LLC
—
Deed
related
—
May 19, 2015
$10,000,000
Bre Timberwolf Prop Owner L
Csm Ri Mesa LLC
Grant Deed
—
Feb 25, 2005
—
Csm Ri Mesa LLC
Csm Lodging II LLC
Special Warranty Deed
$7,440,000 · Not Available
Feb 18, 1999
$5,631,280
Csm Lodging II LLC
Csm Lodging LLC
Grant Deed
related
—
Jan 25, 1999
—
Mesa City (az)
Csm Lodging LLC
Grant Deed
related
—
Oct 27, 1997
$1,115,688
Lodging L L C Csm
National Systems INC
Grant Deed
—
—
—
Bre Timberwolf Prop Owner LLC
—
Deed Of Trust
related
—
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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