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Property profile & analytics
OFF-MARKET
Estimated value
$27,285,000
Hotels
951 Playa Del Norte Dr Tempe, AZ 85288-2151
Entity Owned
14-yr Hold
Free & Clear
Property ID
US07-1381981
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2008
Construction
CONCRETE
Total area
68,243 SF
Lot
2.69 ac (117,190 SF)
Zoning code
MU-4
APN
132-31-152
UPID
US07-1381981
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
-
Aloft Tempe Hotel & Motel
-
Tesla Destination Charger Electric Vehicle Charging Station
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$27.45M
Blend (final)
Blend
$27.29M
Owner & transaction history
Rbc Bank Georgia NA · 14 yrs held
Rbc Bank Georgia NA
since 2012
7 recorded transactions
Zoning & alternative use
MU-4 · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
MU-4 district require the integration of commercial and residential uses to support pedestrian circulation and transit as alternates to driving, and to provide employment and housing options. The MU-4 district allows unlimited housing density in a mixed use setting with commercial, office, and public uses.
Zone name
Mixed Use High Density
General category
MIXED_USE
Zone area
545.02 ac
Source
Realmo
Top alternative use upside
Retail stores
$35.9M
+32.3%
Neighborhood: shopping center
$34.3M
+26.2%
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 Tempe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tempe 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
$27,160,000
Current use
RETAIL STORES
$35,935,000
Change: +32% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$34,265,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$27.29M
Range $24.56M – $30.01M · ±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
$400 / 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
Assessed value
$2,422,750
Assessed 2024
Previous assessed
$2,725,065
-11.1% YoY
Land market value
$3,168,300
Improvement market value
$12,983,364
Total market value
$16,151,664
Applied tax rate
31,601.0000
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
2008
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
5
Total area
68,243 SF
Lot
2.69 ac (117,190 SF)
Zoning code
MU-4
APN
132-31-152
UPID
US07-1381981
Jurisdiction
MARICOPA
Zoning & alternative use
MU-4 · Tempe, AZZoning MU-4 · permitted uses
MU-4 · Tempe, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
MU-4 district require the integration of commercial and residential uses to support pedestrian circulation and transit as alternates to driving, and to provide employment and housing options. The MU-4 district allows unlimited housing density in a mixed use setting with commercial, office, and public uses.
Zone name
Mixed Use High Density
General category
MIXED_USE
Zone area
545.02 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$27.2M
RETAIL STORES
Est. value
$35.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$34.3M
HOTEL/MOTEL Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2008
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
5
Lot
2.69 ac
Current owner
From public records · entity-resolved
Rbc Bank Georgia NA
Entity
Free & Clear · 14 yrs held
Mailing address
21 E 6TH ST STE #208, TEMPE, AZ 85281-3681
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2020
—
Phvif Tempe LLC
—
Deed
related
$2,500,000 · American Lending Center LLC
Dec 29, 2020
—
Phvif Tempe LLC
—
Deed
related
$2,500,000 · American Lending Center LLC
Jul 24, 2017
—
Phvif Tempe LLC
—
Deed
related
$1,400,000 · Parkway Bk
Nov 21, 2016
—
Triyar Tempe LLC
—
Deed
related
$7,800,000 · Midfirst Bk
Dec 19, 2012
—
Triyar Tempe LLC
—
Deed Of Trust
related
$11,500,000 · Hsbc Realty Credit Corp (usa)
Jun 1, 2012
—
Rbc Bank Georgia NA
Rbc Bk USA
Quit Claim Deed
related
—
Jan 29, 2010
—
City Of Tempe
Wpre I Triyar Tempe LLC
Grant Deed
$18,800,000 · Hsbc Realty Credit Corp (usa)
Jan 31, 2008
—
Wpre I Triyar Tempe LLC
Triyar Hospitality Tempe LLC
Quit Claim Deed
—
—
—
Triyar Tempe LLC
—
Deed Of Trust
related
$7,800,000 · Midfirst Bk
—
—
Phvif Tempe LLC
—
Deed Of Trust
related
$13,545,000 · Parkway Bk
—
—
Phvif Tempe LLC
—
Deed Of Trust
related
$1,400,000 · Parkway Bk
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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