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Property profile & analytics
OFF-MARKET
Hotels
14455 29th Pl, Bellevue, WA 98007-3675
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US90-0916823
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1983
Construction
WOOD
Total area
5,060 SF
Lot
6 ac (261,361 SF)
Zoning code
OLB
APN
222505-9021
UPID
US90-0916823
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
-
14455 NE 29th Place Parking Parking Lot & Garage
-
Residence Inn Seattle Bellevue Hotel & Motel
-
Marriott Guest Parking Parking Lot & Garage
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
Grand Prix Bellevue LLC · 18 yrs held
Grand Prix Bellevue LLC
since 2007
7 recorded transactions
Zoning & alternative use
OLB · Bellevue, 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 Bellevue submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bellevue 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 2022Property tax & assessments
Tax year 2022
Tax billed
$175,264
Tax year 2022
Assessed value
$24,786,900
Assessed 2022
Previous assessed
$24,786,900
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$15,681,600
Assessed improvement
$9,105,300
Land market value
$15,681,600
Improvement market value
$9,105,300
Total market value
$24,786,900
Applied tax rate
330.0000
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
1983
Construction
WOOD
Heating
OTHER
Buildings
3
Stories
2
Total area
5,060 SF
Lot
6 ac (261,361 SF)
Zoning code
OLB
APN
222505-9021
UPID
US90-0916823
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
OLB · Bellevue, WA
Zoning OLB · permitted uses
OLB · Bellevue, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bellevue. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1983
Construction
WOOD
Heating
OTHER
Stories
2
Buildings
3
Lot
6 ac
Current owner
From public records · entity-resolved
Grand Prix Bellevue LLC
Entity
Mailing address
545 E JOHN CARPENTER FWY STE #1400, IRVING, TX 75062-3933
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2019
—
Grand Prix Bellevue LLC
—
Deed
related
$755,000,000 · Morgan Stanley Bank NA
May 11, 2017
—
Grand Prix Bellevue LLC
—
Grant Deed
related
$754,000,000 · Morgan Stanley Bk
Jul 16, 2007
—
Grand Prix Bellevue LLC
Innkeepers Ri Northwest
Warranty Deed
—
Jan 20, 1998
$16,613,600
Innkeepers Ri Northwest LP
Bellevue Hotel Associates LP
Grant Deed
—
Jul 2, 1997
—
Bellevue Hotel Associates LP
—
Deed Of Trust
related
$60,000,000 · Lehman Brothers Holdings INC
—
—
Innkeepers Ri Northwest LP
—
Deed Of Trust
related
$58,000 · Bank Of America
—
—
Grand Prix Bellevue LLC
—
Deed Of Trust
related
$575,000,000 · J P Morgan Chase 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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