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Property profile & analytics
OFF-MARKET
Estimated value
$24,355,000
Motels
9425 Black Cyn Hwy, Phoenix, AZ 85021-2708
Entity Owned
21-yr Hold
Free & Clear
Property ID
US07-0684841
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1998
Construction
STEEL FRAME
Total area
42,498 SF
Lot
4.31 ac (187,918 SF)
Zoning code
I-P
APN
149-12-005E
UPID
US07-0684841
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
-
SpringHill Suites Phoenix North Hotel & Motel
-
TownePlace Suites Phoenix North Hotel & Motel
-
Townplaces Suites Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$24.90M
Blend (final)
Blend
$24.36M
Owner & transaction history
Tharaldson Motels INC · 21 yrs held
Tharaldson Motels INC
since 2005
7 recorded transactions
Zoning & alternative use
I-P · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$29.6M
+33.7%
Restaurant
$22.7M
+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
$22,135,000
Current use
COMMERCIAL (GENERAL)
$29,595,000
Change: +34% · Conversion: Difficult
RESTAURANT
$22,695,000
Change: +3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$17,960,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$24.36M
Range $21.92M – $26.79M · ±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
$573 / 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
$159,794
Tax year 2023
Assessed value
$1,924,681
Assessed 2024
Previous assessed
$1,671,032
+15.2% YoY
Effective rate
8.30%
On assessed value
Land market value
$2,824,800
Improvement market value
$8,839,933
Total market value
$11,664,733
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1998
Construction
STEEL FRAME
Heating
NONE
Buildings
3
Stories
3
Units
3
Total area
42,498 SF
Lot
4.31 ac (187,918 SF)
Zoning code
I-P
APN
149-12-005E
UPID
US07-0684841
Jurisdiction
MARICOPA
Zoning & alternative use
I-P · Phoenix, AZ
Zoning I-P · permitted uses
I-P · 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
$22.1M
COMMERCIAL (GENERAL)
Est. value
$29.6M
RESTAURANT
Est. value
$22.7M
AUTO REPAIR, GARAGE
Est. value
$18.0M
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
1998
Construction
STEEL FRAME
Heating
NONE
Stories
3
Buildings
3
Units
3
Lot
4.31 ac
Current owner
From public records · entity-resolved
Tharaldson Motels INC
Entity
Free & Clear · 21 yrs held
Mailing address
5851 LEGACY CIR STE #400, PLANO, TX 75024-5979
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2024
—
T P & S S Heritage Inn Of Phoenix L
—
Deed
related
$847,181,020 · Jpmorgan Chase Bank NA
Sep 22, 2017
—
Tp & Ss Heritage Inn Of Phoenix L
—
Deed
related
—
Feb 24, 2005
—
Tharaldson Motels INC
Heritage Inn Of Logan Cnty INC
Grant Deed
—
Apr 15, 1997
$1,810,172
Heritage Inn Of Logan County INC
Kohnen Investment L P
Grant Deed
$1,100,000 · Bank Of Oklahoma
Apr 10, 1992
$825,000
Investmen Kohnen
Kohnen
Grant Deed
related
—
—
—
Tp & Ss Heritage Inn Of Phoenix L|tp & Ss Heritage
—
Deed Of Trust
related
$580,000,000 · Bank Of America
—
—
Tp & Ss Heritage Inn Of Phoenix L
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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