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    2451 Aurora Ave Seattle, WA 98109

    • Hotels
    • 3,182 SF
    • 0.31 lot acres
    For Sale
    View listing
    $1,065,000
    Value Estimation
    Last Sale
    Jul 07, 2021
    $1,150,000
    Location Intelligence
    Property ID
    US90-0614556
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Welcome Inn / Motel

    Property Details for 2451 Aurora Ave

    Year built
    1950
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.31 lot acres
    Property size
    3,182 SF
    Zone code
    C1-55 (M)
    Property type
    Hotels
    Property subtype
    Motels
    APN
    352890-1186
    APU
    3528901186

    Description

    This exceptional Seattle commercial land opportunity presents a prime redevelopment site spanning approximately 19,723 square feet. Located on Aurora Avenue North at 2451-2473, this property consists of two parcels (APN 352890-1186 & 352890-1185) zoned C1 – 55 (M), offering a 3.75 FAR. Existing building slabs remain from previous structures, potentially allowing for grandfathered redevelopment options. The site's zoning permits a wide variety of uses, making it highly versatile for future development. This location benefits from proximity to the RapidRide bus line providing convenient access to Downtown Seattle. There's also potential for expansion by assembling this property with the adjacent parcel (APN 352890-1187), adding approximately 5,763 square feet. The asking price for this significant redevelopment opportunity is $1,065,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,145,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,280,000
      6.5%
      $1,195,000
      7%
      $1,190,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,265,000
      Geo Method
      $1,090,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,040,000
      Retail
      $1,125,000
      Mixed-Use
      $1,020,000
      Hospitality
      $1,195,000
      Educational
      $1,300,000
      Residential Income
      $1,215,000
      Energy
      $1,005,000
      Income-Based Land
      $1,255,000
      Food Service
      $1,295,000

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.347
    Latitude
    47.641
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN 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
    2022
    $9,007
    $1,051,100
    $1,000
    $1,052,100
    -
    $1,051,100
    $1,000
    $1,052,100

    Comparable in this City

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      207 Pontius N Ave

      HOTEL/MOTEL • 83,330 SF
      207 Pontius N Ave, Seattle, WA 98109-5650
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    • Value Estimation by Request
      0.18 Acres

      Seattle, WA 98109

      HOTEL/MOTEL • 0.18 Acres
      Seattle, WA 98109
      View Details

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    2451 Aurora Ave
    Seattle, WA 98109
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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
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