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Property profile & analytics
FOR SALE
Motels
1006 3Rd Ave, Moses Lake, WA 98837
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-1838328
No photos on file
For Sale
$2,350,000
1006 3Rd Ave, Moses Lake, WA 98837
View Listing →
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1955
Total area
9,965 SF
Lot
0.98 ac (42,740 SF)
APN
101305000
UPID
US90-1838328
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$774k
Blend (final)
Blend
$615k
Owner & transaction history
Studio City LLC · 8 yrs held
Studio City LLC
since 2018
7 recorded transactions
Zoning & alternative use
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 Moses Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Moses Lake 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$62 / 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
Property tax & assessments
Assessed value
$429,505
Assessed 2023
Previous assessed
$809,240
-46.9% YoY
Assessed land
$149,590
Assessed improvement
$279,915
Land market value
$149,590
Improvement market value
$279,915
Total market value
$429,505
Applied tax rate
161.0000
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
Motels
Use group
MOTEL
Status
For Sale
Year built
1955
Heating
NONE
Buildings
2
Total area
9,965 SF
Lot
0.98 ac (42,740 SF)
APN
101305000
UPID
US90-1838328
Jurisdiction
GRANT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1955
Heating
NONE
Buildings
2
Lot
0.98 ac
Current owner
From public records · entity-resolved
Studio City LLC
Entity
Mailing address
4110 SE HAWTHORNE BLVD #926, PORTLAND, OR 97214-5246
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2022
—
Studio City LLC
—
Deed
related
$1,000,000 · Columbia State Bank
Nov 16, 2020
—
Studio City LLC
—
Deed
related
$1,125,000 · Columbia St Bk
Jun 4, 2018
—
Studio City LLC
Pope Of Beckland Trust
Warranty Deed
—
Dec 15, 2017
—
Pope Of Beckland Trust
Studio City LLC
Quit Claim Deed
related
—
Jun 19, 2017
—
Studio City LLC
Pope Of Beckland Trust
Quit Claim Deed
related
—
May 1, 2017
$1,150,000
Thomas Michael Pope
Michael C Kluge
Warranty Deed
$862,500 · Columbia State Bank
Apr 5, 2013
—
Michael C Kluge
Studio City Apartments LLC
Quit Claim Deed
related
—
Jul 9, 2012
—
Studio City Apartments LLC
Kluge,michael C & Janet
Warranty Deed
—
Jan 13, 2005
$425,000
Michael C Kluge
Crites Trust
Warranty Deed
$270,000 · Whidbey Island Bank
—
—
Michael C Kluge
—
Deed Of Trust
related
$93,637 · Crites Dorine M (te)
—
—
Michael C Kluge
—
Loan Modification
related
$100,000 · Crites Family Trust (pt)
—
—
Michael C Kluge
—
Deed Of Trust
related
$92,341 · Crites Family Trust (pt)
—
—
Mike Kluge
—
Deed Of Trust
related
—
—
—
Studio City LLC
—
Loan Modification
related
$1,125,000 · Columbia St Bk
—
—
Michael D Kluge
—
Deed Of Trust
related
$439,000 · Whidbey Island Bank
—
—
Michael C Kluge
—
Deed Of Trust
related
$98,000 · Whidbey Island Bank
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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