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Property profile & analytics
OFF-MARKET
Estimated value
$38,235,000
Hotels
1200 Lk Washington N Blvd, Renton, WA 98056-2688
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-2023591
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2019
Construction
WOOD
Total area
121,776 SF
Lot
2.53 ac (110,307 SF)
Zoning code
UC
APN
334450-0006
UPID
US90-2023591
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$33.85M
Blend (final)
Blend
$38.24M
Owner & transaction history
Apple Hospitality Renton 7143 LLC · 2 yrs held
Apple Hospitality Renton 7143 LLC
since 2023
Last sale
$40.3M
7 recorded transactions
Zoning & alternative use
UC · Renton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$61.6M
+52.7%
Auto repair, garage
$50.1M
+24.2%
Retail stores
$48.8M
+21.0%
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 Renton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Renton 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
$38,440,000
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
$40,350,000
Current use
COMMERCIAL (GENERAL)
$61,620,000
Change: +53% · Conversion: Difficult
AUTO REPAIR, GARAGE
$50,100,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$48,830,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$43,190,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$43,035,000
Change: +7% · Conversion: Difficult
MEDICAL BUILDING
$41,875,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$38.24M
Range $34.41M – $42.06M · ±10% · vs last sale $40.32M (Oct 20 2023)
Last sale anchor
$40.32M
Oct 20 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
$314 / 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
$322,904
Tax year 2022
Assessed value
$32,544,500
Assessed 2022
Previous assessed
$32,544,500
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$3,750,400
Assessed improvement
$28,794,100
Land market value
$3,750,400
Improvement market value
$28,794,100
Total market value
$32,544,500
Applied tax rate
2,100.0000
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
2019
Construction
WOOD
Heating
CENTRAL
Stories
5
Total area
121,776 SF
Lot
2.53 ac (110,307 SF)
Zoning code
UC
APN
334450-0006
UPID
US90-2023591
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
UC · Renton, WA
Zoning UC · permitted uses
UC · Renton, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Renton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$40.4M
COMMERCIAL (GENERAL)
Est. value
$61.6M
AUTO REPAIR, GARAGE
Est. value
$50.1M
RETAIL STORES
Est. value
$48.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$43.2M
OFFICE BUILDING
Est. value
$43.0M
MEDICAL BUILDING
Est. value
$41.9M
HOTEL/MOTEL Current
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
2019
Construction
WOOD
Heating
CENTRAL
Stories
5
Lot
2.53 ac
Current owner
From public records · entity-resolved
Apple Hospitality Renton 7143 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
814 E MAIN ST, RICHMOND, VA 23219-3306
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2023
$40,324,000
Apple Hospitality Renton 7143 LLC
M2 Renton LLC
Bargain And Sale Deed
—
Nov 22, 2021
—
M2 Renton LLC
—
Deed
related
$500,000 · Western Alliance Bank
Jun 10, 2021
$36,740,000
M2 Renton LLC
Ri Renton Property LP
Special Warranty Deed
—
May 15, 2020
—
Department Of Transportation
Ri Renton Property LP
Grant Deed
—
Nov 16, 2017
—
Ri Renton Property LP
Ri Renton Land Acquisition Bg
Quit Claim Deed
related
$28,152,000 · Compass Bk
Nov 18, 2014
$1,500,000
Ri Renton Land Acquisition Bg
Puget Western INC
Grant Deed
—
Oct 24, 2000
—
Puget Western INC
Puget Sound Energy Cu
Quit Claim Deed
related
—
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.
Try Rey
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