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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Motels
117 Maple Ave La Conner, WA 98257-9461
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-0520728
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1987
Total area
5,332 SF
Lot
0.2 ac (8,886 SF)
APN
4128-022-002-0001
UPID
US90-0520728
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
-
The Heron Inn and Day Spa - A Bed & Breakfast Bed & Breakfast Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$330k
CAP Approach
CAP
$555k
Comparable Approach
Comparable
$518k
Blend (final)
Blend
$535k
Owner & transaction history
Heron Hospitality LLC · 11 yrs held
Heron Hospitality LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$765,000
+103.9%
Restaurant
$710,000
+89.1%
Auto repair, garage
$700,000
+87.0%
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 La Conner submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Conner 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
$330,000
CAP Approach
CAP Return
Estimation
6%
$600,000
6.5%
$555,000
7%
$515,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$375,000
Current use
OFFICE BUILDING
$765,000
Change: +104% · Conversion: Difficult
RESTAURANT
$710,000
Change: +89% · Conversion: Difficult
AUTO REPAIR, GARAGE
$700,000
Change: +87% · Conversion: Difficult
COMMERCIAL (GENERAL)
$670,000
Change: +79% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$610,000
Change: +63% · Conversion: Difficult
MEDICAL BUILDING
$575,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$100 / 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
$8,679
Tax year 2022
Assessed value
$893,500
Assessed 2021
Previous assessed
$893,500
+0.0% YoY
Effective rate
0.97%
On assessed value
Assessed land
$202,700
Assessed improvement
$690,800
Land market value
$202,700
Improvement market value
$690,800
Total market value
$893,500
Applied tax rate
920.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1987
Heating
NONE
Total area
5,332 SF
Lot
0.2 ac (8,886 SF)
APN
4128-022-002-0001
UPID
US90-0520728
Jurisdiction
SKAGIT
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
$375,000
OFFICE BUILDING
Est. value
$765,000
RESTAURANT
Est. value
$710,000
AUTO REPAIR, GARAGE
Est. value
$700,000
COMMERCIAL (GENERAL)
Est. value
$670,000
INDUSTRIAL (GENERAL)
Est. value
$610,000
MEDICAL BUILDING
Est. value
$575,000
HOTEL/MOTEL Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (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
1987
Heating
NONE
Lot
0.2 ac
Current owner
From public records · entity-resolved
Heron Hospitality LLC
Entity
Mailing address
117 MAPLE AVE, LA CONNER, WA 98257-9461
Ownership since
2015
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
May 1, 2015
$634,719
Heron Hospitality LLC
Fat Cat LLC
Warranty Deed
—
Apr 14, 2011
$749,900
Fat Cat LLC
Whidbey Island Bk
Grant Deed
$615,000 · Regal Financial Bank
Oct 13, 2009
$831,033
Whidbey Island Bk
Bohannon Michael D
Trustees Deed
related
—
Feb 16, 2007
$1,505,000
Mccarthy Investments LLC
Heron Ventures Ltd
Warranty Deed
$770,000 · Whidbey Island Bank
Mar 8, 2002
$680,756
Heron Ventures Ltd
Gibbons,james L & Mary
Grant Deed
$439,000 · Whidbey Island Bank
Sep 6, 1996
$138,000
Jim Gibbons
Hupy,guy & Gloria
Grant Deed
—
—
—
Heron Hospitality LLC
—
Deed Of Trust
related
$775,000 · Industrial Cu
—
—
Mccarthy Investment LLC
—
Deed Of Trust
related
$96,000 · Whidbey Island Bank
—
—
Mccarthy Investments LLC
—
Deed Of Trust
related
—
—
—
Mccarthy Investments LLC
—
Deed Of Trust
related
$96,000 · Whidbey Island Bank
—
—
Mccarthy Investments LLC
—
Deed Of Trust
related
$461,000 · Ameritrust Cdc
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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