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Property profile & analytics
OFF-MARKET
Estimated value
$4,300,000
Hotels
12035 Aurora N Ave Seattle, WA 98133-8249
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-2997173
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1947
Construction
WOOD
Total area
12,897 SF
Lot
0.96 ac (42,000 SF)
Zoning code
C1-75 (M)
APN
302604-9070
UPID
US90-2997173
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
-
Seattle Inn Northgate Hotel & Motel
-
Beston Inn Seattle Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.72M
Blend (final)
Blend
$4.30M
Owner & transaction history
Now Seattle LLC · 3 yrs held
Now Seattle LLC
since 2022
Last sale
$4.8M
7 recorded transactions
Zoning & alternative use
C1-75 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.8M
+58.4%
Commercial (general)
$6.5M
+52.7%
Auto repair, garage
$5.3M
+24.2%
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 Seattle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seattle 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
$3,930,000
ML approach
$4,185,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,275,000
Current use
RESTAURANT
$6,770,000
Change: +58% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,525,000
Change: +53% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,305,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$5,170,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,575,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$4,560,000
Change: +7% · Conversion: Difficult
MEDICAL BUILDING
$4,435,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$4.30M
Range $3.87M – $4.73M · ±10% · vs last sale $4.84M (Jul 14 2022)
Last sale anchor
$4.84M
Jul 14 2022
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
$333 / 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
$36,998
Tax year 2022
Assessed value
$3,580,900
Assessed 2022
Previous assessed
$3,580,900
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$2,940,000
Assessed improvement
$640,900
Land market value
$2,940,000
Improvement market value
$640,900
Total market value
$3,580,900
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
1947
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
1
Total area
12,897 SF
Lot
0.96 ac (42,000 SF)
Zoning code
C1-75 (M)
APN
302604-9070
UPID
US90-2997173
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C1-75 (M) · Seattle, WA
Zoning C1-75 (M) · permitted uses
C1-75 (M) · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seattle. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$4.3M
RESTAURANT
Est. value
$6.8M
COMMERCIAL (GENERAL)
Est. value
$6.5M
AUTO REPAIR, GARAGE
Est. value
$5.3M
RETAIL STORES
Est. value
$5.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.6M
OFFICE BUILDING
Est. value
$4.6M
MEDICAL BUILDING
Est. value
$4.4M
HOTEL/MOTEL Current
RESTAURANT
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
1947
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
Now Seattle LLC
Entity
Mailing address
12035 AURORA AVE N, SEATTLE, WA 98133-8249
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2022
$4,835,000
Now Seattle LLC
Eb International Corporation
Warranty Deed
$2,000,000 · Summit State Bank
Mar 24, 2017
$3,340,000
Eb International Corp
Che Investments LLC
Warranty Deed
$2,600,000 · Bank Of Hope
Aug 2, 2016
$3,300,000
Che Investments LLC
Kim,eun K & Chu H
Warranty Deed
$2,300,000 · Bbcn Bk
Jun 18, 2008
—
Eun Kyu Kim
K & Y Investments INC
Re-recorded Document
related
$1,640,000 · Pacific International Bank
Sep 21, 2006
$1,895,000
Eun Kyu Kim
K & Y Investments INC
Warranty Deed
$1,640,000 · Pacific International Bank
Oct 26, 2005
$1,500,000
K&y Investments INC
Jaey Hong
Warranty Deed
$1,232,285 · Pacific International Bank
Mar 2, 2001
$1,500,000
Hong,jaey
Yun,sae Y
Trustees Deed
$1,485,000 · City Bank
Mar 2, 2001
—
Jaey Hong
Hong,suna
Quit Claim Deed
related
—
Feb 16, 2000
$1,540,000
Sae Y Yun
Seattle Pacific Hospitality In
Grant Deed
$1,275,000 · City Bank
May 12, 1997
—
Seattle Pacific Hospitality
Hwang,kyo H & Seon H
Quit Claim Deed
related
—
—
—
Jaey Hong
—
Deed Of Trust
related
$200,525 · City Bank
—
—
Jaey Hong
—
Deed Of Trust
related
$226,764 · City Bank
—
—
Pacific Hospitality In Seattle
—
Deed Of Trust
related
$695,000 · Wells Fargo Bank
—
—
Kyo H Hwang
—
Deed Of Trust
related
$500,000 · City Bank
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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