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Property profile & analytics
OFF-MARKET
Hotels
14595 29th Pl Bellevue, WA 98007-3629
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1596809
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1997
Construction
WOOD
Total area
74,562 SF
Lot
3.3 ac (143,834 SF)
Zoning code
OLB
APN
222505-9318
UPID
US90-1596809
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
-
14595 NE 29th Place Parking Parking Lot & Garage
-
Fairfield Inn & Suites Seattle Bellevue/Redmond Hotel & Motel
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
Trimark Bellevue Hospitality LLC · 1 yrs held
Trimark Bellevue Hospitality LLC
since 2025
Last sale
$23.3M
7 recorded transactions
Zoning & alternative use
OLB · Bellevue, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Office and Limited Business Districts provide areas for the location of integrated complexes made up of offices, hotels or motels, eating establishments and retail sales accessory to permitted uses. Such districts are located in areas that abut and have convenient access to freeways and major highways
Zone name
Office And Limited Business
General category
COMMERCIAL
Zone area
332.92 ac
Source
Realmo
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
$157,641
Tax year 2022
Assessed value
$22,294,500
Assessed 2022
Previous assessed
$22,294,500
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$8,630,000
Assessed improvement
$13,664,500
Land market value
$8,630,000
Improvement market value
$13,664,500
Total market value
$22,294,500
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
1997
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
3
Total area
74,562 SF
Lot
3.3 ac (143,834 SF)
Zoning code
OLB
APN
222505-9318
UPID
US90-1596809
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
OLB · Bellevue, WAZoning OLB · permitted uses
OLB · Bellevue, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Office and Limited Business Districts provide areas for the location of integrated complexes made up of offices, hotels or motels, eating establishments and retail sales accessory to permitted uses. Such districts are located in areas that abut and have convenient access to freeways and major highways
Zone name
Office And Limited Business
General category
COMMERCIAL
Zone area
332.92 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1997
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
3
Lot
3.3 ac
Current owner
From public records · entity-resolved
Trimark Bellevue Hospitality LLC
Entity
Mailing address
11325 RANDOM HLS RD STE #360, FAIRFAX, VA 22030-0972
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2025
$23,250,000
Trimark Bellevue Hospitality LLC
Hit Smt Fis Belwa Owner LLC
Bargain & Sale Deed
$16,625,000 · Wells Fargo Bank NA
Jul 7, 2022
—
Hit Smt Fis Belwa Owner LLC
—
Deed
related
$465,000,000 · Morgan Stanley Bank NA
Apr 28, 2017
—
Hit Smt Fis Belwa Owner LLC
—
Deed
related
—
Feb 16, 2016
$32,532,070
Arc Hospitality Smt Fis Belwa Owner
Summit Hospitality I LLC
Bargain And Sale Deed
—
Jan 6, 2005
—
Summit Hospitality I LLC
Summit Hotel Properties LLC
Bargain And Sale Deed
$88,000,000 · Lehman Brothers Bank Fsb
Jul 14, 1995
—
Hmh Realty Co
Hmh Properties INC
Quit Claim Deed
related
—
—
—
Summit Group Of Bellevue
—
Deed Of Trust
related
$4,500,000 · Bnc National Bank
—
—
Summit Hospitality I LLC
—
Deed Of Trust
related
—
—
—
Summit Group Of Bellevue
—
Deed Of Trust
related
$4,490,000 · Ids Life Insurance Co
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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