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Property profile & analytics
OFF-MARKET
Motels
12215 Pacific SW Hwy 1, Tacoma, WA 98499-1019
Entity Owned
~
Est. High Equity
Property ID
US90-3352266
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1949
Construction
WOOD FRAME
Total area
3,711 SF
Lot
1.61 ac (70,132 SF)
Zoning code
C1
APN
219114156
UPID
US90-3352266
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Laxmi Hospitality LLC
Laxmi Hospitality LLC
since 2025
7 recorded transactions
Zoning & alternative use
C1 · Tacoma, WA
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 Tacoma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tacoma 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$19,168
Tax year 2024
Assessed value
$1,684,300
Assessed 2024
Previous assessed
$1,684,300
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,360,800
Assessed improvement
$323,500
Land market value
$1,360,800
Improvement market value
$323,500
Total market value
$1,684,300
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1949
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Stories
1
Units
29
Total area
3,711 SF
Lot
1.61 ac (70,132 SF)
Zoning code
C1
APN
219114156
UPID
US90-3352266
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
C1 · Tacoma, WA
Zoning C1 · permitted uses
C1 · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tacoma. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1949
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Units
29
Lot
1.61 ac
Current owner
From public records · entity-resolved
Laxmi Hospitality LLC
Entity
Mailing address
14315 38TH AVE NE, SEATTLE, WA 98125-3805
Ownership since
2025
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
Oct 7, 2025
—
Laxmi Hospitality LLC
—
Deed
related
$250,000 · Thai Investments LLC
Sep 22, 2025
$1,840,000
Laxmi Hospitality LLC
Thai Investments LLC
Warranty Deed
$1,490,000 · Port 51 Lending LLC
Mar 1, 2017
$1,649,719
Thai Investments LLC
Dick M Kim
Warranty Deed
$1,185,000 · Pacific City Bank
Jan 17, 2013
$940,000
Dick M Kim
Kaybee LLC
Warranty Deed
—
Jul 17, 2009
$900,000
Kaybee LLC
Saehan Bank
Warranty Deed
—
May 4, 2009
$1,182,205
Saehan Bk
T D Service Co Of Wa
Trustees Deed
related
—
Jan 25, 2007
$1,350,000
Ryu INC
Oh,joseph S & Hae Y
Warranty Deed
$1,100,000 · Saehan Bank
Oct 13, 2006
$1,250,000
Joseph S Oh
Choi,ki C & Jong S
Warranty Deed
$500,000 · Ki C & Jong S Choi
Sep 27, 2004
$754,800
Ki C Choi
Kim,maryann & Yong P
Warranty Deed
$562,500 · Westside Community Bank
Aug 5, 2002
$785,000
Maryann Kim
Kim,dae O & Tong Y
Grant Deed
related
$637,000 · Temecula Valley National Bank
Jul 14, 1999
$549,000
Dae O Kim
So-kwang,paul & Ellen H
Grant Deed
$400,000 · City Bank
Apr 17, 1996
$600,000
Paul S Choi
Song,chong S & Young J
Quit Claim Deed
related
$132,835 · Seller
Jan 26, 1990
$400,000
Chong Sung
Unknown
Grant Deed
—
—
—
Dick M Kim
—
Deed Of Trust
related
$1,056,000 · Unibank
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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