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Property profile & analytics
OFF-MARKET
Estimated value
$2,140,000
Hotels
110 Stewart St Seattle, WA 98101-1019
Entity Owned
Free & Clear
Property ID
US90-1920398
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2015
Construction
STEEL FRAME
Total area
63,705 SF
Lot
0.3 ac (13,080 SF)
Zoning code
DMC-145
APN
197720-0960
UPID
US90-1920398
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
-
Conversation Kitchen & Bar Restaurant
-
Thompson Seattle by Hyatt Hotel & Motel
-
The Nest Rooftop Bar Bar & Pub
-
Thompson Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.14M
Owner & transaction history
Seattle Hotel Owner LLC
Seattle Hotel Owner LLC
since 2025
7 recorded transactions
Zoning & alternative use
DMC-145 · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district promotes special commercial activities and uses, areas characterized by lower scale office, retail and commercial uses related to activity in the office core, retail core or other moderate-scale commercial cores in the Downtown Urban Center, and with use patterns that may include housing.
Zone name
Downtown Mixed Commercial
General category
COMMERCIAL
Zone area
4.53 ac
Source
Realmo
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
$2.14M
Range $1.93M – $2.35M · ±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
$34 / 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
$806,437
Tax year 2022
Assessed value
$99,022,800
Assessed 2022
Previous assessed
$99,022,800
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$7,194,000
Assessed improvement
$91,828,800
Land market value
$7,194,000
Improvement market value
$91,828,800
Total market value
$99,022,800
Applied tax rate
11.0000
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
2015
Construction
STEEL FRAME
Heating
CENTRAL
Buildings
2
Stories
12
Units
93
Total area
63,705 SF
Lot
0.3 ac (13,080 SF)
Zoning code
DMC-145
APN
197720-0960
UPID
US90-1920398
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DMC-145 · Seattle, WAZoning DMC-145 · permitted uses
DMC-145 · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district promotes special commercial activities and uses, areas characterized by lower scale office, retail and commercial uses related to activity in the office core, retail core or other moderate-scale commercial cores in the Downtown Urban Center, and with use patterns that may include housing.
Zone name
Downtown Mixed Commercial
General category
COMMERCIAL
Zone area
4.53 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2015
Construction
STEEL FRAME
Heating
CENTRAL
Stories
12
Buildings
2
Units
93
Lot
0.3 ac
Current owner
From public records · entity-resolved
Seattle Hotel Owner LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3198 BLACKWELL DR, VISTA, CA 92084-1426
Ownership since
2025
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
Dec 31, 2025
—
Seattle Hotel Owner LLC
First And Stewart Hotel Owner LLC
Quitclaim Deed
related
—
May 15, 2024
—
First And Stewart Hotel Owner LLC
—
Deed
related
$80,000,000 · Pccp Credit Ix Reit Sub Holdco Usb Selle
Dec 19, 2022
—
William H Vandling
William H Vandling
Intrafamily Transfer
related
—
Aug 14, 2020
—
First & Stewart Hotel Owner Ll
—
Deed
related
$80,000,000 · Pccp Credit Ix Reit-sub Holdco
Jun 16, 2020
—
Odgaard Family Trust
Virginia V Odgaard
Quit Claim Deed
related
—
Jul 17, 2019
—
First & Stewart Hotel Owner Ll
—
Loan Modification
related
$80,000,000 · Pccp Credit Ix Reit-sub Holdco
Jul 30, 2018
—
Michael G Vandling
Vandling Theodore H F/tr
Quit Claim Deed
—
Jul 25, 2017
—
First & Stewart Hotel Owner Ll
—
Grant Deed
related
$80,000,000 · Pccp Credit Ix Reit-sub Holdco
Jul 25, 2014
—
First & Stewart Hotel Owner Ll
—
Deed Of Trust
$72,000,000 · Bsrecp II Joint Us Origination
Jan 31, 2000
—
Thielen-chase Family LLC
Chase,frandsen C
Quit Claim Deed
related
—
—
—
First & Stewart Hotel Owner Ll
—
Loan Modification
related
$80,000,000 · Pccp Credit Ix Reit-sub Holdco
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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