New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,800,000
Hotels
1701 Vly Rd, Renton, WA 98057-3366
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US90-0899512
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1998
Construction
FRAME
Total area
78,157 SF
Lot
2.71 ac (118,008 SF)
Zoning code
CO
APN
334040-3332
UPID
US90-0899512
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.80M
Owner & transaction history
Ll Renton LP · 18 yrs held
Ll Renton LP
since 2007
6 recorded transactions
Zoning & alternative use
CO · Renton, 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 Renton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Renton 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
$36 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$201,140
Tax year 2024
Assessed value
$16,109,400
Assessed 2023
Previous assessed
$16,109,400
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$3,127,200
Assessed improvement
$12,982,200
Land market value
$3,127,200
Improvement market value
$12,982,200
Total market value
$16,109,400
Applied tax rate
2,100.0000
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
1998
Construction
FRAME
Heating
GAS
Cooling
AC.PACKAGE
Stories
4
Total area
78,157 SF
Lot
2.71 ac (118,008 SF)
Zoning code
CO
APN
334040-3332
UPID
US90-0899512
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CO · Renton, WA
Zoning CO · permitted uses
CO · Renton, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Renton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1998
Construction
FRAME
Heating
GAS
Cooling
Yes
Stories
4
Lot
2.71 ac
Current owner
From public records · entity-resolved
Ll Renton LP
Entity
Mailing address
44 HERSHA DR, HARRISBURG, PA 17102-2241
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2017
—
Ll Renton LP
—
Deed
related
—
Jul 11, 2007
$14,708,998
Ll Renton LP
Renton Landing Hotel Co LLC
Bargain And Sale Deed
$73,000,000 · Merrill Lynch Bank USA
Feb 3, 2003
—
Renton Landing Hotel Co LLC
—
Deed Of Trust
related
$90,000,000 · Greenwich Capital Fin'l Produc
Dec 22, 2000
—
Renton Landing Hotel Co LLC
—
Deed Of Trust
related
$154,000,000 · Greenwich Capital Fin'l Produc
Nov 25, 1998
—
Renton Garden Hotel Co LLC
—
Deed Of Trust
related
$8,724,297 · Farallon Cw Hotel Investors Lc
—
—
Renton Landing Hotel Co LLC
—
Deed Of Trust
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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