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Property profile & analytics
OFF-MARKET
Estimated value
$17,275,000
Hotels
14115 Aurora N Ave Seattle, WA 98133-6942
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0607765
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2001
Construction
WOOD
Total area
51,390 SF
Lot
1.19 ac (51,988 SF)
Zoning code
C1-75 (M)
APN
192604-9012
UPID
US90-0607765
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
-
DESC Mary Pilgrim Inn Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.03M
Blend (final)
Blend
$17.28M
Owner & transaction history
King County · 5 yrs held
King County
since 2021
Last sale
$17.4M
4 recorded transactions
Zoning & alternative use
C1-75 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$27.0M
+58.4%
Commercial (general)
$26.0M
+52.7%
Auto repair, garage
$21.1M
+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
$17,310,000
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
$17,030,000
Current use
RESTAURANT
$26,970,000
Change: +58% · Conversion: Difficult
COMMERCIAL (GENERAL)
$26,005,000
Change: +53% · Conversion: Difficult
AUTO REPAIR, GARAGE
$21,140,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$20,605,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$18,225,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$18,160,000
Change: +7% · Conversion: Difficult
MEDICAL BUILDING
$17,670,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$17.28M
Range $15.55M – $19.00M · ±10% · vs last sale $17.38M (Jul 8 2021)
Last sale anchor
$17.38M
Jul 8 2021
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
$336 / 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
$9,805
Tax year 2022
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
2001
Construction
WOOD
Heating
FORCED AIR
Stories
4
Total area
51,390 SF
Lot
1.19 ac (51,988 SF)
Zoning code
C1-75 (M)
APN
192604-9012
UPID
US90-0607765
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
$17.0M
RESTAURANT
Est. value
$27.0M
COMMERCIAL (GENERAL)
Est. value
$26.0M
AUTO REPAIR, GARAGE
Est. value
$21.1M
RETAIL STORES
Est. value
$20.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$18.2M
OFFICE BUILDING
Est. value
$18.2M
MEDICAL BUILDING
Est. value
$17.7M
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
2001
Construction
WOOD
Heating
FORCED AIR
Stories
4
Lot
1.19 ac
Current owner
From public records · entity-resolved
King County
Entity
Mailing address
500 4TH AVE RM #830, SEATTLE, WA 98104-2371
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2021
$17,376,702
King County
Advance Holdings LLC
Warranty Deed
—
Oct 14, 2004
—
Advance Holdings LLC
—
Deed Of Trust
related
$3,787,000 · General Electric Capital Corp
Dec 20, 2000
—
Advance Holding LLC
—
Grant Deed
related
$5,063,900 · City Bank
—
—
Ho Trust
—
Deed Of Trust
related
$150,000 · 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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