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Property profile & analytics
OFF-MARKET
Estimated value
$1,790,000
Hotels
1122 Broadway, Everett, WA 98201-1412
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-3352208
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1990
Construction
WOOD
Total area
22,216 SF
Lot
0.51 ac (22,216 SF)
Zoning code
F2
APN
29051700205900
UPID
US90-3352208
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
-
Red Lion Inn & Suites Everett Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.99M
Blend (final)
Blend
$1.79M
Owner & transaction history
Everett Hotel Group LLC · 11 yrs held
Everett Hotel Group LLC
since 2014
7 recorded transactions
Zoning & alternative use
F2 · 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
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
$1.79M
Range $1.61M – $1.97M · ±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
$81 / 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
$39,271
Tax year 2023
Assessed value
$4,782,300
Assessed 2023
Previous assessed
$4,095,600
+16.8% YoY
Effective rate
0.82%
On assessed value
Assessed land
$841,500
Assessed improvement
$3,940,800
Land market value
$841,500
Improvement market value
$3,940,800
Total market value
$4,782,300
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
1990
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
3
Units
45
Total area
22,216 SF
Lot
0.51 ac (22,216 SF)
Zoning code
F2
APN
29051700205900
UPID
US90-3352208
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
F2 · Everett, WA
Zoning F2 · permitted uses
F2 · 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.
Building & site characteristics
From public records
Year built
1990
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Units
45
Lot
0.51 ac
Current owner
From public records · entity-resolved
Everett Hotel Group LLC
Entity
Mailing address
2115 116TH ST NE, TULALIP, WA 98271-9421
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2017
—
Everett Hotel Group LLC
—
Deed
related
$1,531,800 · Pacific Continental Bank
Dec 11, 2014
$750,000
Everett Hotel Group LLC
Nomiju Corp
Quit Claim Deed
—
Apr 19, 2006
$2,380,000
Nomiju Corp
Yong Kim Sei
Warranty Deed
$1,920,000 · Pacific International Bank
Jun 26, 2001
$1,950,000
Sei Y Kim
Kim,yong S & Chu O
Grant Deed
related
$1,965,561 · City Bank
Sep 30, 1999
—
Yong S Kim
,national Investment Corp
Grant Deed
$1,919,844 · City Bank
Jul 1, 1989
$200,000
National Investment Corp
Unknown
Grant Deed
—
—
—
Yong S Kim
—
Deed Of Trust
related
$50,000 · City Bank
—
—
Jumino Corp
—
Deed Of Trust
related
$25,000 · Jt & T Ents INC
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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