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Property profile & analytics
OFF-MARKET
Estimated value
$9,775,000
Hotels
12619 4th W Ave, Everett, WA 98204-5782
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1103728
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1989
Construction
WOOD
Total area
29,982 SF
Lot
1.41 ac (61,420 SF)
Zoning code
UC
APN
28042500406400
UPID
US90-1103728
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
-
La Quinta Inn by Wyndham Everett Hotel & Motel
-
West Coast Investment Reality, INC. Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.94M
Blend (final)
Blend
$9.78M
Owner & transaction history
Harman Investment Group INC · 3 yrs held
Harman Investment Group INC
since 2023
Last sale
$9.7M
7 recorded transactions
Zoning & alternative use
UC · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$15.1M
+57.7%
Restaurant
$14.1M
+47.4%
Medical building
$11.2M
+16.6%
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 Everett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Everett 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
$10,555,000
ML approach
$8,980,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$9,585,000
Current use
APARTMENT HOUSE (5+ UNITS)
$15,115,000
Change: +58% · Conversion: Difficult
RESTAURANT
$14,130,000
Change: +47% · Conversion: Difficult
MEDICAL BUILDING
$11,175,000
Change: +17% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,550,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$10,130,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$9,730,000
Change: +2% · Conversion: Difficult
WAREHOUSE, STORAGE
$9,265,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$9.78M
Range $8.80M – $10.75M · ±10% · vs last sale $9.70M (May 5 2023)
Last sale anchor
$9.70M
May 5 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
$326 / 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
$56,586
Tax year 2023
Assessed value
$6,866,400
Assessed 2023
Previous assessed
$6,789,000
+1.1% YoY
Effective rate
0.82%
On assessed value
Assessed land
$1,481,800
Assessed improvement
$5,384,600
Land market value
$1,481,800
Improvement market value
$5,384,600
Total market value
$6,866,400
Applied tax rate
2,310.0000
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
1989
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
3
Total area
29,982 SF
Lot
1.41 ac (61,420 SF)
Zoning code
UC
APN
28042500406400
UPID
US90-1103728
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
UC · Everett, WA
Zoning UC · permitted uses
UC · Everett, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Everett. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$9.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.1M
RESTAURANT
Est. value
$14.1M
MEDICAL BUILDING
Est. value
$11.2M
AUTO REPAIR, GARAGE
Est. value
$10.6M
OFFICE BUILDING
Est. value
$10.1M
RETAIL STORES
Est. value
$9.7M
WAREHOUSE, STORAGE
Est. value
$9.3M
HOTEL/MOTEL Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1989
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Lot
1.41 ac
Current owner
From public records · entity-resolved
Harman Investment Group INC
Entity
Mailing address
12619 4TH AVE W, EVERETT, WA 98204-5782
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
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2023
$9,700,000
Harman Investment Group INC
Yi Ya Hoo Enterprise LLC
Warranty Deed
$4,900,000 · Coastal Community Bank
Mar 31, 2020
—
Yi Ya Hoo Ents LLC
—
Deed
related
$500,000 · Tristar Hospitality INC
Mar 30, 2020
$7,900,000
Yi Ya Hoo Ent LLC
Tristar Hospitality INC
Warranty Deed
$500,000 · Tristar Hospitality INC
Mar 27, 2019
—
Tristar Hospitality INC
—
Deed
related
$155,000 · Mountain Pacific Bank
Feb 26, 2018
—
Trisar Hospitality INC
—
Deed
related
$5,000,000 · Mountain Pacific Bank
Sep 13, 2017
—
Tristar Hospitality INC
—
Deed
related
$901,000 · Mountain Pacific Bank
Mar 18, 2015
—
Tristar Hospitality INC
—
Trustees Deed
related
$60,000 · Nms Equity Holdings LLC
Jan 17, 2007
$3,700,000
Tristar Hospitality INC
Kim,jong G
Warranty Deed
$4,260,000 · City Bank
May 17, 1996
$2,200,000
Jong G Kim
Sunstone Hotel Investors LP
Grant Deed
$1,600,000 · Seller
Dec 1, 1988
$42,135
Charles B Harris III
Unknown
Grant Deed
—
—
—
Jong G Kim
—
Deed Of Trust
related
$50,000 · Choice Hotels International
—
—
Jong G Kim
—
Deed Of Trust
related
$600,000 · Wilshire State Bank
—
—
Jong G Kim
—
Deed Of Trust
related
—
—
—
Jong G Kim
—
Deed Of Trust
related
$600,000 · Wilshire State Bank
—
—
Tristar Hospitality INC
—
Deed Of Trust
related
$70,000 · Piya Tolani
—
—
Jong G Kim
—
Deed Of Trust
related
$15,200 · Us Small Business Admn
—
—
Yi Ya Hoo Ents LLC
—
Deed Of Trust
related
$500,000 · Tristar Hospitality INC
—
—
Tristar Hospitality INC
—
Deed Of Trust
related
$410,000 · City Bank
—
—
Tristar Hospitality INC
—
Deed Of Trust
related
$150,000 · Hyun H Jang
—
—
Jong G Kim
—
Deed Of Trust
related
$400,000 · Sunstone Hotel Investors LP
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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