261 Deuce Of ClubsShow Low, AZ 85901

Property Details for 261 Deuce Of Clubs

Year built

1954

Construction

STEEL FRAME

Lot size

0.62 AC

Property size (Sq ft)

2,092 SF

Zone code

MUNICIPAL

Property type

Motels

APN

210-19-048

APU

21019048

Description

This portfolio sale presents a compelling value-add opportunity in Arizona's thriving leisure market. The offering includes two distinct properties: The Place Resort & Cabins, located in the desirable Pinetop/Lakeside area near Sunrise Ski Resort, and the Kiva Motel, situated in downtown Show Low. The Place Resort boasts 10 buildings on 3.68 acres, built in 1975 and 1973, featuring a total of 41 keys across one story. The Kiva Motel offers a strong foothold in a regional hub experiencing significant growth since 2019. The combined portfolio shows a pro-forma NOI of $352,763 and a pro-forma cap rate of 13.83%, with an asking price of $2,550,000. While both properties have experienced operational challenges, their prime locations and strong market potential present significant upside for an investor focused on operational improvements and strategic management. The Place Resort's projected gross revenue is $534,809, and the Kiva Motel's projected stabilized gross room revenue is $338,775. This portfolio offers a unique chance to acquire established properties in high-demand leisure destinations with the potential for substantial returns. The properties are located at 261 E Deuce of Clubs, Show Low, AZ 85901 and 3179 W White Mountain Blvd, Lakeside, AZ 85929. APN numbers are 210-19-048, 212-23-198, and 212-18-067B.

• CAP approach

  CAP return

  Valuation

  6%

  $696,648

  6.5%

  $643,060

  7%

  $597,127

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,108,996

  Geo Method

  $1,108,996

• Alternative Use

  Use

  Valuation

  Residential

  $702,035

  Hospitality

  $643,060

  Educational

  $535,018

  Medical

  $553,418

  Retail

  $832,251

Location Insight

City

Show Low

County

Navajo

State

Arizona

Latitude

34.2515

Longitude

-110.04

CBSA code

43320

CBSA name

SHOW LOW, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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