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Property profile & analytics
OFF-MARKET
Estimated value
$17,315,000
Hotels
11329 Pacific SW Hwy, Lakewood, WA 98499-5115
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-2742406
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2020
Construction
WOOD FRAME
Total area
49,776 SF
Lot
2.35 ac (102,279 SF)
APN
219122168
UPID
US90-2742406
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
-
WoodSpring Suites Tacoma - Lakewood Hotel & Motel Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.58M
Blend (final)
Blend
$17.32M
Owner & transaction history
Spi Lakewood LLC · 4 yrs held
Spi Lakewood LLC
since 2021
Last sale
$19.0M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$22.9M
+42.5%
Neighborhood: shopping center
$21.2M
+31.9%
Industrial (general)
$21.0M
+30.6%
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 Lakewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakewood 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
$22,050,000
ML approach
$10,850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$16,090,000
Current use
RESTAURANT
$22,930,000
Change: +43% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$21,215,000
Change: +32% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$21,015,000
Change: +31% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$19,385,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$18,365,000
Change: +14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$15,655,000
Change: -3% · Conversion: Difficult
MEDICAL BUILDING
$13,665,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$17.32M
Range $15.58M – $19.05M · ±10% · vs last sale $19.04M (Sep 28 2021)
Last sale anchor
$19.04M
Sep 28 2021
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
$348 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$123,847
Tax year 2024
Assessed value
$11,809,600
Assessed 2024
Previous assessed
$11,809,600
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$4,177,700
Assessed improvement
$7,631,900
Land market value
$4,177,700
Improvement market value
$7,631,900
Total market value
$11,809,600
Applied tax rate
760.0000
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
Status
Off-Market
Year built
2020
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
4
Units
122
Total area
49,776 SF
Lot
2.35 ac (102,279 SF)
APN
219122168
UPID
US90-2742406
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$16.1M
RESTAURANT
Est. value
$22.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$21.2M
INDUSTRIAL (GENERAL)
Est. value
$21.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$19.4M
AUTO REPAIR, GARAGE
Est. value
$18.4M
COMMERCIAL (GENERAL)
Est. value
$15.7M
MEDICAL BUILDING
Est. value
$13.7M
HOTEL/MOTEL Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2020
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
4
Units
122
Lot
2.35 ac
Current owner
From public records · entity-resolved
Spi Lakewood LLC
Entity
Mailing address
3889 MAPLE AVE STE #220, DALLAS, TX 75219-3917
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2021
$19,042,000
Spi Lakewood LLC
Lakewood Hotel Holdings LLC
Special Warranty Deed
$12,950,000 · East West Bank
Jan 8, 2020
—
Lakewood Hotel Holdings LLC
—
Deed
related
$7,400,000 · Umpqua Bank
Apr 30, 2019
$1,600,000
Lakewood Hotel Holdings LLC
Pal Pac Trust
Warranty Deed
—
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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