261 Deuce Of ClubsShow Low, AZ 85901

  • Hospitality properties
  • 2,092 SF
For Sale
$2,550,000 View listing

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
Hospitality properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
261 Deuce Of Clubs, Show Low, Arizona

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,170
$17,283
$65,472
$82,755
-
$96,014
$363,735
$459,749

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