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Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Hotels
120 College SE St, Lacey, WA 98503-1232
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-1854736
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1990
Construction
WOOD FRAME
Total area
30,490 SF
Lot
1.14 ac (49,658 SF)
APN
1181-62-30400
UPID
US90-1854736
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$710k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.02M
Owner & transaction history
Stjun INC · 7 yrs held
Stjun INC
since 2018
7 recorded transactions
Zoning & alternative use
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 Lacey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lacey 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
$710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,240,000
Current use
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±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
$33 / 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
$53,626
Tax year 2023
Assessed value
$5,645,000
Assessed 2022
Previous assessed
$4,967,900
+13.6% YoY
Effective rate
0.95%
On assessed value
Assessed land
$1,090,300
Assessed improvement
$4,554,700
Land market value
$1,090,300
Improvement market value
$4,554,700
Total market value
$5,645,000
Applied tax rate
241.0000
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 FRAME
Heating
YES
Cooling
YES
Stories
3
Total area
30,490 SF
Lot
1.14 ac (49,658 SF)
APN
1181-62-30400
UPID
US90-1854736
Jurisdiction
THURSTON
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
$1.2M
HOTEL/MOTEL Current
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
1990
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
3
Lot
1.14 ac
Current owner
From public records · entity-resolved
Stjun INC
Entity
Mailing address
622 SW 175TH PL, NORMANDY PARK, WA 98166-3666
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2018
$5,149,719
Stjun INC
Chandra Enterprises LLC
Warranty Deed
$4,298,000 · Open Bank
Jun 3, 2008
—
Chandra Ents LLC
Chandra Holding INC
Quit Claim Deed
related
—
May 23, 2008
—
Chandra Holdings INC
Chandra Investment LLC
Quit Claim Deed
related
—
Apr 30, 2007
$4,617,428
Chandra Investment LLC
S A V Investments LLC
Warranty Deed
$4,124,000 · City Bank
Jul 22, 2005
$3,330,000
Sav Investments LLC
Simon Services INC
Warranty Deed
$3,214,558 · City Bank
Jul 20, 2004
$2,300,000
Simon Services INC
City Bank
Grant Deed
$2,550,623 · City Bank
Jun 8, 2000
$2,900,000
Umar Singh
Park,tae M & Soon J
Grant Deed
$2,988,222 · City Bank
Jan 18, 1995
$2,620,000
Tae M Park
An,bill C & Soo K
Grant Deed
$2,580,000 · City Bank
Jan 5, 1990
$271,844
Bill C An
Unknown
Grant Deed
—
—
—
Chandra Investment LLC
—
Deed Of Trust
related
$3,000,000 · Saehan Bank
—
—
Simon Services INC
—
Deed Of Trust
related
$82,000 · City Bank
—
—
Chandra Holdings LLC
—
Deed Of Trust
related
$150,000 · Kishore Chandra
—
—
Umar Singh
—
Deed Of Trust
related
$200,000 · Capital Inn Motel INC
—
—
Chandra Ents LLC
—
Deed Of Trust
related
—
—
—
Chandra Investment LLC
—
Deed Of Trust
related
$350,000 · Kishore & Daya W Chandra
—
—
Us Hospitality INC
—
Deed Of Trust
related
$115,000 · Mukesh K
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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