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    8421 Evergreen Way Everett, WA 98208

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    For Sale
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    66-Unit Motel, High Revenue Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    The Sunrise Inn, a 66-unit motel located at 8421 Evergreen Way, Everett, WA 98208, presents a compelling investment opportunity. This two-story property, situated on a 42,253 square foot lot in Snohomish County (APN 28051800201300), offers 19,872 square feet of building space. Built in 1981, the motel boasts a strong performance history, generating gross sales of $1,065,553 in 2023. This fee-simple property is priced at $6,700,000 and is ideally positioned in Everett, Washington, a city with significant growth potential. The property's established revenue stream and prime location make it an attractive asset for investors seeking a strong return on investment in the hospitality sector. The Sunrise Inn represents a chance to acquire a well-established business with a proven track record of success in a desirable market. This is a rare opportunity to own a substantial motel in a thriving area with excellent potential for future growth and profitability. Detailed financial information is available upon request.

    Property Features for 8421 Evergreen Way

    General Information

    Property type
    Motels

    Building Details

    Stories
    2

    HighLights

    • 66‑unit motel in Everett, WA.
    • Located on a 42,253 sq ft lot (APN 28051800201300).
    • 19,872 sq ft building, two‑story construction.
    • Built in 1981, generating $1,065,553 gross sales in 2023.
    • Fee‑simple ownership, priced at $6,700,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sunrise Inn Everett Hotel

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Snohomish
    State
    Washington
    Longitude
    -122.2279391
    Latitude
    47.920214

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    FAQs

    What type of property is this?
    Motel - 66-Unit Motel, High Revenue Potential
    Where is this motel located?
    The property is located at 8421 Evergreen Way Everett, WA.
    What are key features of this property?
    This property features: 66-unit motel in Everett, WA.; Located on a 42,253 sq ft lot (APN 28051800201300).; 19,872 sq ft building, two-story construction.
    Request Owner's contact information
    8421 Evergreen Way Everett, WA 98208
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    Everett, WA 98208
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8421 Evergreen Way Everett, WA 98208
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