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Property profile & analytics
OFF-MARKET
Estimated value
$7,400,000
Hotels
13910 Tukwila International Blvd, Tukwila, WA 98168-3150
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1022252
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1985
Construction
FRAME
Total area
18,630 SF
Lot
0.61 ac (26,459 SF)
Zoning code
RC
APN
736060-0400
UPID
US90-1022252
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
$7.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.40M
Owner & transaction history
Blue Wave Developers LLC · 2 yrs held
Blue Wave Developers LLC
since 2024
Last sale
$7.4M
7 recorded transactions
Zoning & alternative use
RC · Tukwila, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.8M
+58.4%
Commercial (general)
$9.4M
+52.7%
Auto repair, garage
$7.7M
+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 Tukwila submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tukwila 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
$7,400,000
ML approach
$7,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$6,175,000
Current use
RESTAURANT
$9,775,000
Change: +58% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,425,000
Change: +53% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,665,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$7,470,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,605,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$6,585,000
Change: +7% · Conversion: Difficult
MEDICAL BUILDING
$6,405,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$7.40M
Range $6.66M – $8.14M · ±10% · vs last sale $7.40M (Mar 20 2024)
Last sale anchor
$7.40M
Mar 20 2024
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
$397 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$45,987
Tax year 2024
Assessed value
$3,768,000
Assessed 2023
Previous assessed
$3,768,000
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$714,300
Assessed improvement
$3,053,700
Land market value
$714,300
Improvement market value
$3,053,700
Total market value
$3,768,000
Applied tax rate
2,413.0000
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
1985
Construction
FRAME
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
3
Total area
18,630 SF
Lot
0.61 ac (26,459 SF)
Zoning code
RC
APN
736060-0400
UPID
US90-1022252
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RC · Tukwila, WA
Zoning RC · permitted uses
RC · Tukwila, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tukwila. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$6.2M
RESTAURANT
Est. value
$9.8M
COMMERCIAL (GENERAL)
Est. value
$9.4M
AUTO REPAIR, GARAGE
Est. value
$7.7M
RETAIL STORES
Est. value
$7.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.6M
OFFICE BUILDING
Est. value
$6.6M
MEDICAL BUILDING
Est. value
$6.4M
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
1985
Construction
FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
3
Lot
0.61 ac
Current owner
From public records · entity-resolved
Blue Wave Developers LLC
Entity
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2024
$7,400,000
Blue Wave Developers LLC
Skra LLC
Warranty Deed
$7,500,000 · King County
May 14, 2018
$3,000,000
Skra LLC
R T Hotels Corp
Warranty Deed
—
Mar 1, 2016
$2,980,000
R T Hotels Corporation
Ajp Enterprize LLC
Warranty Deed
$2,623,000 · Prime Pacific Bank NA
Feb 25, 2005
$2,100,000
Ajp Enterprize LLC
Lin,wen F & Virginia
Warranty Deed
$1,700,000 · Saehan Bank
Jun 17, 1999
—
Wen-fen Lin
Econo Lodge/ramada Inn/airport
Quit Claim Deed
related
—
Mar 24, 1999
—
Econo Lodge/ramada Inn/airport
Lin,wen-fan & Virginia S
Quit Claim Deed
related
$2,529,790 · Towne Bank
Dec 30, 1998
—
Wen-fan Lin
—
Grant Deed
related
$467,500 · Towne Bank
Nov 20, 1997
—
Wen-fan Lin
—
Grant Deed
related
$1,000,000 · Towne Bank
—
—
Ajp Enterprize LLC
—
Deed Of Trust
related
$1,910,000 · Hana Small Busn Lndg
—
—
Ajp Enterprize LLC
—
Deed Of Trust
related
$2,000,000 · United Commercial Bank
—
—
RT Hotels Corp
—
Deed Of Trust
related
$200,000 · Private Individual
—
—
Wen-fan Lin
—
Deed Of Trust
related
$50,000 · Us Small Business Admn
—
—
Wen-fan Lin
—
Deed Of Trust
related
$2,500,000 · Banner Bank
—
—
Wen-fan Lin
—
Deed Of Trust
related
$50,000 · Us Small Business Admn
—
—
Ajp Ent LLC
—
Deed Of Trust
related
$1,700,000 · Saehan 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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