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Property profile & analytics
OFF-MARKET
Estimated value
$25,555,000
Hotels
14632 Eastgate Way Bellevue, WA 98007-6457
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0177964
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2003
Construction
CONCRETE
Total area
101,480 SF
Lot
1.01 ac (44,150 SF)
Zoning code
CB
APN
102405-9045
UPID
US90-0177964
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
-
ATM Atm
-
Eastgate Hotel, BW Signature Collection Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$34.53M
Blend (final)
Blend
$25.56M
Owner & transaction history
Bellevue Hotel Group LLC · 3 yrs held
Bellevue Hotel Group LLC
since 2023
Last sale
$27.6M
7 recorded transactions
Zoning & alternative use
CB · Bellevue, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Community Business Districts serve community markets and provide areas for the location of services and retail outlets, other than Downtown.
Zone name
Community Business
General category
COMMERCIAL
Zone area
251.46 ac
Source
Realmo
Top alternative use upside
Medical building
$40.1M
+18.0%
Retail stores
$39.8M
+17.2%
Industrial (general)
$38.7M
+13.9%
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
Method
Estimation
Statistic approach
$26,310,000
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
$33,970,000
Current use
MEDICAL BUILDING
$40,085,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$39,810,000
Change: +17% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$38,700,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$25.56M
Range $23.00M – $28.11M · ±10% · vs last sale $27.60M (May 10 2023)
Last sale anchor
$27.60M
May 10 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
$252 / 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
$222,003
Tax year 2022
Assessed value
$31,398,200
Assessed 2022
Previous assessed
$31,398,200
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$2,560,700
Assessed improvement
$28,837,500
Land market value
$2,560,700
Improvement market value
$28,837,500
Total market value
$31,398,200
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
2003
Construction
CONCRETE
Heating
OTHER
Cooling
OTHER
Stories
6
Total area
101,480 SF
Lot
1.01 ac (44,150 SF)
Zoning code
CB
APN
102405-9045
UPID
US90-0177964
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CB · Bellevue, WAZoning CB · permitted uses
CB · Bellevue, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Community Business Districts serve community markets and provide areas for the location of services and retail outlets, other than Downtown.
Zone name
Community Business
General category
COMMERCIAL
Zone area
251.46 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$34.0M
MEDICAL BUILDING
Est. value
$40.1M
RETAIL STORES
Est. value
$39.8M
INDUSTRIAL (GENERAL)
Est. value
$38.7M
HOTEL/MOTEL Current
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
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
2003
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
6
Lot
1.01 ac
Current owner
From public records · entity-resolved
Bellevue Hotel Group LLC
Entity
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2023
$27,600,000
Bellevue Hotel Group LLC
Eastgate Silver Cloud Inn LLC
Bargain And Sale Deed
$3,079,000 · Banner Bank
Dec 18, 2001
$3,053,000
Eastgate Silver Cloud Inn LLC
Eastgate Motel INC
Grant Deed
related
—
—
—
Eastgate Motel INC
—
Deed Of Trust
related
$38,287 · Us Bank Of Washington
—
—
Eastgate Silver Cloud Inn LLC
—
Deed Of Trust
related
$12,500,000 · Jackson National Life Ins Co
—
—
Eastgate Silver Cloud Inn LLC
—
Deed Of Trust
related
$12,500,000 · Miscellaneous Ins Co
—
—
Eastgate Motel INC
—
Deed Of Trust
related
$374,000 · Us Bank NA
—
—
Eastgate Silver Cloud Inn LLC
—
Deed Of Trust
related
$11,500,000 · Bank Of America
—
—
Eastgate Motel INC
—
Deed Of Trust
related
$142,000 · Us Bank
—
—
Eastgate Motel INC
—
Deed Of Trust
related
$15,000 · Us 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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