New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,240,000
Hotels
1531 7th Ave Seattle, WA 98101-1703
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-0718013
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
98,634 SF
Lot
0.19 ac (8,400 SF)
Zoning code
DOC2 500/300-550
APN
197670-0010
UPID
US90-0718013
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
-
Hotel Theodore Hotel & Motel
-
Made Coffee Cafe & Coffee Shop
-
Tesla Destination Charger Electric Vehicle Charging Station
-
Scarlet Kitchen Remodeling Hardware & Home Improvement Kitchen & Bath Showroom
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.24M
Owner & transaction history
Roosevelt Hotel Owner LLC · 11 yrs held
Roosevelt Hotel Owner LLC
since 2015
5 recorded transactions
Zoning & alternative use
DOC2 500/300-550 · Seattle, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$33 / 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
$398,659
Tax year 2022
Assessed value
$48,905,500
Assessed 2022
Previous assessed
$48,905,500
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$12,180,000
Assessed improvement
$36,725,500
Land market value
$12,180,000
Improvement market value
$36,725,500
Total market value
$48,905,500
Applied tax rate
11.0000
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
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Cooling
AC.PACKAGE
Stories
20
Total area
98,634 SF
Lot
0.19 ac (8,400 SF)
Zoning code
DOC2 500/300-550
APN
197670-0010
UPID
US90-0718013
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DOC2 500/300-550 · Seattle, WA
Zoning DOC2 500/300-550 · permitted uses
DOC2 500/300-550 · 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.
Building & site characteristics
From public records
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Cooling
Yes
Stories
20
Lot
0.19 ac
Current owner
From public records · entity-resolved
Roosevelt Hotel Owner LLC
Entity
Mailing address
1531 7TH AVE, SEATTLE, WA 98101-1703
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2025
—
Mayflower Hotel Owner LLC
—
Deed
related
$14,000,000 · Washington Trust Bank
Jun 8, 2018
—
Roosevelt Hotel Owner LLC
—
Deed
related
$50,000,000 · Loancore Cap Credit Reit LLC
Mar 11, 2015
$37,000,000
Roosevelt Hotel Owner LLC
Northcoast Washington LLC
Grant Deed
$37,000,000 · Pfp Holding Co IV LLC
Apr 2, 1996
$15,488,800
American Hospitality Partnerhi
Patriot American Hospitality P
Grant Deed
related
—
—
—
Roosevelt Hotel Owner LLC
—
Deed Of Trust
related
$50,000,000 · Loancore Cap Credit Reit LLC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1531 7th Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
