Sunrise Inn Hotel/Motel
For Sale
Contact for pricing
8421 Evergreen Wy, Everett, WA 98208
Hotel/motel with 66 units, great investment opportunity.
Property Size19,872 SF
Lot Size0.97 Acres
Price / SF$241.55
Days on Market765
Property Features for 8421 Evergreen Wy
General Information
Standard status
Active
Size
19,872 SF
Lot size
0.97 Acres
Property subtype
Hospitality
Site & Location
Neighborhood
Cascade View
Building Details
Stories
2
Listing Agency:
RealtyAll.com
Listed By:
Brian Do · License #WA
Source:
Crexi
Added: Sep 23, 2024
Changed: Oct 26
Last Checked: Oct 26 at 12:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RealtyAll.com
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Sunrise Inn is a hotel/motel property located at 8421 Evergreen Way, Everett, WA 98208. Constructed in 1981, the property includes a total of 66 units. The building has 19,872 square feet of space and is situated on a 42,253 square foot lot. The property is listed for sale and presents an investment opportunity. The gross sales total was $900,000 in 2025. The property is strategically situated in an excellent area with great potential for growth and success.
Key Highlights
- 66 Units: Substantial number of units provides significant revenue potential.
- Projected $900,000 gross sales in 2025 indicates strong financial performance.
- Prime Location: Strategically situated in an excellent area with growth potential.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$148,667
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,973,340
$3.0M
Cap Rate 7%
$2,123,814
$2.1M
Cap Rate 9%
$1,651,856
$1.7M
Market Conditions
NOI Build-Up for 19,872 SF
Gross rent
$357.7K $18.00/SF
− Vacancy
−$44.7K −$2.25/SF
EGI
$313.0K $15.75/SF
− OpEx
−$164.3K −$8.27/SF
NOI
$148.7K $7.48/SF
Area
Everett, WA
Vacancy
12.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,973,340
Cap Rate 7%
$2,123,814
Cap Rate 9%
$1,651,856
Alternative Uses
Best Use
Hotel Hospitality
$2.12M
$1.86M – $2.48M
NOI $148,667 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.58M
$5.76M – $7.67M
NOI $460,445 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98208, WA
60,019
Population
22,534
Households
2.7
Avg Household Size
37
Median Age
34%
College-Educated
91%
High-School Grad
15.2 sq mi
ZIP Area
3,949
Density / Sq Mi
$102,546
Median Household Income
$53,626
Median Earnings
$1,859
Median Rent
$641,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Similar Off Market Nearby
- Everett Washington — Evergreen Way, Everett, WA 98204, United States
- Sunrise Inn Everett — 8421 Evergreen Wy, Everett, WA 98208
- Apartments — 7402 Rainier Dr, Everett, WA 98203
Frequently Asked Questions
What type of property is this?
Motel - Hotel/motel with 66 units, great investment opportunity.
Where is this motel located?
The property is located at 8421 Evergreen Wy Everett, WA.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: 66 Units: Substantial number of units provides significant revenue potential.; Projected $900,000 gross sales in 2025 indicates strong financial performance.; Prime Location: Strategically situated in an excellent area with growth potential.
