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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Hotels
1004 68th St Vancouver, WA 98665-0504
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1673841
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2019
Construction
WOOD
Total area
38,164 SF
Lot
2.09 ac (91,040 SF)
Zoning code
XZ
APN
147946-000
UPID
US90-1673841
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
Current use
Occupant on record · Public records
-
Tru By Hilton Vancouver North Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$715k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$865k
Owner & transaction history
Parth 68th Street LLC · 9 yrs held
Parth 68th Street LLC
since 2017
7 recorded transactions
Zoning & alternative use
XZ · Vancouver, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Vancouver submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vancouver 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
by Request
ML approach
$715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,165,000
Current use
Blend value · Realmo final
$865k
Range $779k – $952k · ±10%
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
$23 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$45,826
Tax year 2023
Assessed value
$4,759,900
Assessed 2023
Previous assessed
$1,151,700
+313.3% YoY
Effective rate
0.96%
On assessed value
Assessed land
$1,092,500
Assessed improvement
$3,667,400
Land market value
$1,092,500
Improvement market value
$3,667,400
Total market value
$4,759,900
Applied tax rate
10,029.0000
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
Status
Off-Market
Year built
2019
Construction
WOOD
Heating
OTHER
Stories
4
Total area
38,164 SF
Lot
2.09 ac (91,040 SF)
Zoning code
XZ
APN
147946-000
UPID
US90-1673841
Jurisdiction
CLARK
Zoning & alternative use
XZ · Vancouver, WA
Zoning XZ · permitted uses
XZ · Vancouver, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Vancouver. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.2M
HOTEL/MOTEL Current
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
2019
Construction
WOOD
Heating
OTHER
Stories
4
Lot
2.09 ac
Current owner
From public records · entity-resolved
Parth 68th Street LLC
Entity
Mailing address
2510 NE 121ST ST, VANCOUVER, WA 98686-3244
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2022
—
Parth 68th Street LLC
—
Deed
related
$12,500,000 · Avana Capital LLC
Mar 9, 2021
—
Parth 68th Street LLC
—
Deed
related
$1,200,000 · Romano Properties LLC
May 19, 2017
—
Parth 68th Street LLC
Patel,smita
Quit Claim Deed
—
May 18, 2017
—
Smita Patel
Parth LLC
Quit Claim Deed
—
May 24, 2016
—
Parth LLC
Parth One LLC
Quit Claim Deed
—
Aug 13, 2015
$375,000
Parth One LLC
Chou,pei-ching
Warranty Deed
$190,000 · Dewayne & Daphne J Wafford
May 11, 2010
—
Pei-ching Chou
Chou,tai-soon
Quit Claim Deed
related
—
Apr 2, 1990
$260,000
Tai Soon Chou
Unknown
Grant Deed
—
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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