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Property profile & analytics
OFF-MARKET
Estimated value
$55,385,000
Hotels
1101 4th Ave, Seattle, WA 98101-3003
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0808428
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1969
Construction
CONCRETE
Total area
154,723 SF
Lot
0.46 ac (19,980 SF)
Zoning code
DOC1 U/450/U
APN
094200-0145
UPID
US90-0808428
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
-
Kimpton Hotel Monaco Seattle Hotel & Motel
-
Outlier Restaurant
-
Astoria Gifts (in Hotel Monaco) Hotel & Motel
-
Siamonto Jewellers (Bike/Boat/Book/etc) Store
-
Pier 66 Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$50.51M
Blend (final)
Blend
$55.39M
Owner & transaction history
Fourth Avenue Seattle Hotel LLC · 3 yrs held
Fourth Avenue Seattle Hotel LLC
since 2023
Last sale
$57.0M
5 recorded transactions
Zoning & alternative use
DOC1 U/450/U · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$81.2M
+58.4%
Commercial (general)
$78.3M
+52.7%
Auto repair, garage
$63.7M
+24.2%
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
$57,030,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$51,270,000
Current use
RESTAURANT
$81,195,000
Change: +58% · Conversion: Difficult
COMMERCIAL (GENERAL)
$78,290,000
Change: +53% · Conversion: Difficult
AUTO REPAIR, GARAGE
$63,655,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$62,040,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$54,875,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$54,675,000
Change: +7% · Conversion: Difficult
MEDICAL BUILDING
$53,200,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$55.39M
Range $49.85M – $60.92M · ±10% · vs last sale $57.00M (May 10 2023)
Last sale anchor
$57.00M
May 10 2023
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
$358 / 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
$506,873
Tax year 2022
Assessed value
$61,965,700
Assessed 2022
Previous assessed
$61,965,700
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$30,969,000
Assessed improvement
$30,996,700
Land market value
$30,969,000
Improvement market value
$30,996,700
Total market value
$61,965,700
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
1969
Construction
CONCRETE
Heating
OTHER
Cooling
OTHER
Stories
11
Total area
154,723 SF
Lot
0.46 ac (19,980 SF)
Zoning code
DOC1 U/450/U
APN
094200-0145
UPID
US90-0808428
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DOC1 U/450/U · Seattle, WA
Zoning DOC1 U/450/U · permitted uses
DOC1 U/450/U · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$51.3M
RESTAURANT
Est. value
$81.2M
COMMERCIAL (GENERAL)
Est. value
$78.3M
AUTO REPAIR, GARAGE
Est. value
$63.7M
RETAIL STORES
Est. value
$62.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$54.9M
OFFICE BUILDING
Est. value
$54.7M
MEDICAL BUILDING
Est. value
$53.2M
HOTEL/MOTEL Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
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
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
11
Lot
0.46 ac
Current owner
From public records · entity-resolved
Fourth Avenue Seattle Hotel LLC
Entity
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2023
$57,001,983
Fourth Avenue Seattle Hotel LLC
Running Rebels Owner LLC
Bargain And Sale Deed
$38,000,000 · American General Life Insurance Co
Apr 8, 2011
$41,477,000
Running Rebels Owner LLC
Fourth Seattle Hotel Assocs LP
Grant Deed
—
Oct 19, 2001
—
Fourth Seattle Hotel Assoc LP
—
Deed Of Trust
related
$18,000,000 · Wells Fargo Bank
Jul 26, 1996
$6,500,000
Fourth Seattle Hotel Assoc
Fourth & Spring Joint Venture
Grant Deed
related
$17,400,000 · Us Bank Of Washington
—
—
Fourth Seattle Hotel Assoc LP
—
Deed Of Trust
related
$1,775,000 · Jackson National Life Ins Co
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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