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Property profile & analytics
OFF-MARKET
Estimated value
$36,200,000
Hotels
1 Grady Way, Renton, WA 98057-2500
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1742603
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1965
Construction
CONCRETE
Total area
61,200 SF
Lot
5.16 ac (224,660 SF)
Zoning code
CA
APN
334040-1630
UPID
US90-1742603
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$36.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$36.20M
Owner & transaction history
King County · 2 yrs held
King County
since 2024
Last sale
$36.2M
7 recorded transactions
Zoning & alternative use
CA · Renton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$32.1M
+58.4%
Commercial (general)
$31.0M
+52.7%
Auto repair, garage
$25.2M
+24.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Renton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Renton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$36,200,000
ML approach
$36,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$32,115,000
Change: +58% · Conversion: Difficult
COMMERCIAL (GENERAL)
$30,970,000
Change: +53% · Conversion: Difficult
AUTO REPAIR, GARAGE
$25,180,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$24,540,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$36.20M
Range $32.58M – $39.82M · ±10% · vs last sale $36.20M (Jan 26 2024)
Last sale anchor
$36.20M
Jan 26 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$592 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$209,381
Tax year 2022
Assessed value
$20,205,000
Assessed 2022
Previous assessed
$20,205,000
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$8,986,400
Assessed improvement
$11,218,600
Land market value
$8,986,400
Improvement market value
$11,218,600
Total market value
$20,205,000
Applied tax rate
2,100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1965
Construction
CONCRETE
Heating
OTHER
Buildings
3
Stories
6
Total area
61,200 SF
Lot
5.16 ac (224,660 SF)
Zoning code
CA
APN
334040-1630
UPID
US90-1742603
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CA · Renton, WA
Zoning CA · permitted uses
CA · Renton, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Renton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$32.1M
COMMERCIAL (GENERAL)
Est. value
$31.0M
AUTO REPAIR, GARAGE
Est. value
$25.2M
RETAIL STORES
Est. value
$24.5M
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1965
Construction
CONCRETE
Heating
OTHER
Stories
6
Buildings
3
Lot
5.16 ac
Current owner
From public records · entity-resolved
King County
Entity
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2024
$36,200,000
King County
Renton Hotel Investors LLC
Bargain And Sale Deed
—
Mar 28, 2023
—
Renton Hotel Investors LLC
—
Deed
related
$6,663,600 · Eastside Funding LLC
Mar 12, 2019
—
Renton Hotel Investors LLC
—
Deed
related
$2,625,000 · Eastside Funding LLC
Jun 28, 2018
—
Renton Hotel Investors LLC
—
Deed
related
$2,512,500 · Eastside Funding LLC
May 10, 2016
—
Renton Hotel Investors LLC
—
Deed
related
$10,000,000 · Bbcn Bk
Mar 27, 2015
—
Renton Hotel Investors LLC
—
Grant Deed
related
$7,925,000 · Greater Nv Cu
Jul 8, 2014
$8,872,500
Renton Hotel Investors LLC
Bacm 2006-5 Grady Way LLC
Special Warranty Deed
$7,350,000 · Eastside Funding LLC
Mar 14, 2012
$5,688,000
Bacm 2006-5 Grady Way LLC
Kosydar Christine A
Trustees Deed
related
—
Sep 20, 2006
$9,219,198
Hi Renton LLC
Sunstone Op Properties LLC
Deed Of Trust
$130,000,000 · * Other Institutional Lenders
Sep 5, 2003
—
Sunstone Op Properties LLC
—
Deed Of Trust
related
$399,500,000 · Massachusetts Mutual Life Ttee
Dec 21, 1999
—
Sunstone Op Properties LLC
Sunstone Hotel Investors LP
Quit Claim Deed
related
$518,500 · Pw Real Estate Investments INC
Jun 28, 1996
$7,630,000
Sunstone Hotel Investors LP
Renton Joint Venture
Grant Deed
$50,000,000 · Bank One Arizona
—
—
Hi Renton LLC
—
Deed Of Trust
related
$11,400,000 · Banc Of America Com'l 2006-5
—
—
Renton Hotel Investors LLC
—
Deed Of Trust
related
$10,000,000 · Bbcn Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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