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Property profile & analytics
OFF-MARKET
Estimated value
$2,780,000
Hotels
10733 Meridian N Ave Seattle, WA 98133-9004
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-1565008
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2019
Construction
CONCRETE
Total area
52,635 SF
Lot
0.67 ac (29,375 SF)
Zoning code
NC3-55 (M)
APN
435870-0230
UPID
US90-1565008
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
-
Courtyard Seattle Northgate Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.34M
Blend (final)
Blend
$2.78M
Owner & transaction history
10733 Meridian Avenue North LLC · 8 yrs held
10733 Meridian Avenue North LLC
since 2017
7 recorded transactions
Zoning & alternative use
NC3-55 (M) · Seattle, 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 Seattle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seattle 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
$2.78M
Range $2.50M – $3.06M · ±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
$53 / 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
$319,431
Tax year 2022
Assessed value
$38,770,700
Assessed 2022
Previous assessed
$38,770,700
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$3,231,200
Assessed improvement
$35,539,500
Land market value
$3,231,200
Improvement market value
$35,539,500
Total market value
$38,770,700
Applied tax rate
10.0000
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
2019
Construction
CONCRETE
Heating
CENTRAL
Stories
5
Units
145
Total area
52,635 SF
Lot
0.67 ac (29,375 SF)
Zoning code
NC3-55 (M)
APN
435870-0230
UPID
US90-1565008
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3-55 (M) · Seattle, WA
Zoning NC3-55 (M) · permitted uses
NC3-55 (M) · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seattle. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2019
Construction
CONCRETE
Heating
CENTRAL
Stories
5
Units
145
Lot
0.67 ac
Current owner
From public records · entity-resolved
10733 Meridian Avenue North LLC
Entity
Mailing address
5051 JOURNAL CTR BLVD NE STE #500, ALBUQUERQUE, NM 87109-5915
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2020
—
10733 Meridian Ave N LLC
—
Deed
related
$28,668 · Sandia Labs FCU
Oct 28, 2019
—
10733 Meridian Ave N LLC
—
Deed
related
$27,668,000 · Sandia Labs FCU
Nov 21, 2017
—
10733 Meridian Avenue North LLC
Swiss Hotels 110 LLC
Warranty Deed
$21,700,000 · Sandia Laboratory FCU
Feb 19, 2015
—
William E Beye
Beye Toni
Quit Claim Deed
related
—
Feb 19, 2015
$2,890,000
Swiss Hotels 110 LLC|kassam Land Group 19 LLC
Beye Robert H
Warranty Deed
$1,215,000 · Robert H & William E Beye
—
—
10733 Meridian Ave N LLC
—
Loan Modification
related
$27,668,000 · Sandia Labs FCU
—
—
10733 Meridian Ave N LLC
—
Loan Modification
related
$28,668 · Sandia Labs FCU
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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