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Property profile & analytics
FOR SALE
Hotels
101 128Th St SE, Everett, WA 98208
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1479211
No photos on file
For Sale
$10,950,000
101 128Th St SE, Everett, WA 98208
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1969
Construction
TYPE NOT SPECIFIED
Total area
48,584 SF
Lot
1.46 ac (63,598 SF)
Zoning code
SK
APN
28042500400700
UPID
US90-1479211
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
-
Unity Coffee Company Cafe & Coffee Shop
-
Quality Inn & Suites Everett Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.30M
CAP Approach
CAP
$5.59M
Comparable Approach
Comparable
$12.77M
Blend (final)
Blend
$9.30M
Owner & transaction history
J S Family INC · 1 yrs held
J S Family INC
since 2024
Last sale
$9.3M
7 recorded transactions
Zoning & alternative use
SK · Everett, 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 Everett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Everett 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
$9,295,000
ML approach
$9,295,000
CAP Approach
CAP Return
Estimation
6%
$6,060,000
6.5%
$5,590,000
7%
$5,190,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$15,010,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$9.30M
Range $8.37M – $10.22M · ±10% · vs last sale $9.30M (Jul 24 2024)
Last sale anchor
$9.30M
Jul 24 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
$191 / 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
$72,754
Tax year 2023
Assessed value
$8,818,500
Assessed 2023
Previous assessed
$6,970,000
+26.5% YoY
Effective rate
0.83%
On assessed value
Assessed land
$1,532,900
Assessed improvement
$7,285,600
Land market value
$1,532,900
Improvement market value
$7,285,600
Total market value
$8,818,500
Applied tax rate
2,310.0000
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
For Sale
Year built
1969
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Stories
4
Units
84
Rooms
84
Total area
48,584 SF
Lot
1.46 ac (63,598 SF)
Zoning code
SK
APN
28042500400700
UPID
US90-1479211
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SK · Everett, WA
Zoning SK · permitted uses
SK · Everett, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Everett. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$15.0M
WAREHOUSE, STORAGE
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
1969
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
4
Units
84
Rooms
84
Lot
1.46 ac
Current owner
From public records · entity-resolved
J S Family INC
Entity
Mailing address
101 128TH ST SE, EVERETT, WA 98208-6337
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2024
—
J S Family INC
—
Deed
related
$3,135,000 · Evergreen Business Capital
Jul 24, 2024
$9,297,000
J S Family INC
Jaye Enterprises INC
Warranty Deed
$5,096,500 · Poppy Bank
Mar 10, 2020
—
Jaye Enterprises INC
—
Deed
related
$5,617,850 · Coastal Community Bank
Jun 29, 2015
$6,450,000
Jaye Ents INC
S & J1 INC
Warranty Deed
$5,240,000 · Bbcn Bk
Jun 25, 2012
$4,075,000
S & J1 INC
Unibank
Grant Deed
$3,408,750 · Unibank
Jun 5, 2012
$4,100,000
Unibank
Keller Rohrback LLP
Trustees Deed
related
—
Aug 30, 2006
$4,897,410
Growing Tomorrow LLC
Trinaf Hotels USA LLP
Grant Deed
$3,150,000 · Cathay Bank
Mar 3, 2000
—
Trinaf Hotels USA
—
Deed Of Trust
related
$5,600,000 · Bank Of America
—
—
Kyung K Kim
—
Deed Of Trust
related
$3,900,000 · Unibank
—
—
Kyung K Kim
—
Deed Of Trust
related
$450,000 · Unibank
—
—
Kyung K Kim
—
Deed Of Trust
related
$1,990,000 · Northwest Busn Dev Assn
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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