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Property profile & analytics
OFF-MARKET
Estimated value
$6,510,000
Hotels
1711 Meeker St, Kent, WA 98032-4238
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0040001
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1968
Construction
WOOD
Total area
34,786 SF
Lot
1.29 ac (56,000 SF)
Zoning code
GC-MU
APN
232204-9068
UPID
US90-0040001
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
-
Quality Inn Hotel, Kent - Seattle Hotel & Motel
-
Roofer Sam's Fast Service LLC Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.84M
Blend (final)
Blend
$6.51M
Owner & transaction history
Meeker Partners LLC · 1 yrs held
Meeker Partners LLC
since 2024
Last sale
$6.5M
7 recorded transactions
Zoning & alternative use
GC-MU · Kent, 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 Kent submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kent 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
$6,500,000
ML approach
$6,530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,720,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$6.51M
Range $5.86M – $7.16M · ±10% · vs last sale $6.50M (Oct 1 2024)
Last sale anchor
$6.50M
Oct 1 2024
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
$187 / 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
$70,334
Tax year 2022
Assessed value
$6,163,100
Assessed 2022
Previous assessed
$6,163,100
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,134,000
Assessed improvement
$5,029,100
Land market value
$1,134,000
Improvement market value
$5,029,100
Total market value
$6,163,100
Applied tax rate
1,526.0000
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
1968
Construction
WOOD
Heating
ELECTRIC
Cooling
CENTRAL
Stories
2
Total area
34,786 SF
Lot
1.29 ac (56,000 SF)
Zoning code
GC-MU
APN
232204-9068
UPID
US90-0040001
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
GC-MU · Kent, WA
Zoning GC-MU · permitted uses
GC-MU · Kent, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kent. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$10.7M
COMMERCIAL (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
1968
Construction
WOOD
Heating
ELECTRIC
Cooling
Yes
Stories
2
Lot
1.29 ac
Current owner
From public records · entity-resolved
Meeker Partners LLC
Entity
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2026
—
Meeker Partners LLC
—
Deed
related
—
Dec 31, 2024
$6,500,000
Meeker Partners LLC
Min&jungs Brothers INC
Warranty Deed
—
May 24, 2022
$7,300,000
Min&jung S Brothers INC
Nitsi LLC
Warranty Deed
$5,000,000 · Unibank
Dec 26, 2019
—
Nitsi LLC
—
Deed
related
$2,900,000 · Bank Of Hope
Dec 31, 2009
$2,900,000
Nitsi LLC
City Bk
Warranty Deed
$2,295,582 · City Bank
Nov 19, 2009
$2,950,000
City Bk
Gilbert Jeffrey P
Trustees Deed
related
—
Jun 18, 2004
$1,750,000
Baltic LLC
Lee,ki C & Sung K
Grant Deed
$2,559,987 · City Bank
Oct 21, 2003
$2,390,000
Ki C Lee
Thunderbird Motel Of Ellensbur
Grant Deed
$2,252,286 · City Bank
Mar 25, 2003
—
Thunderbird Motel At Ellensbur
Thunderbird Motel At Ellensbur
Quit Claim Deed
related
—
Mar 25, 2003
$50,000
City Bank
Hutchison,r S
Trustees Deed
related
—
Jan 5, 2000
$2,800,000
Associated Hotels INC
Martinez,sumil
Grant Deed
$2,950,000 · City Bank
Jan 17, 1992
$2,450,000
Sumi L Martinez
Cha,charles Won&
Grant Deed
$441,000 · Company Misc
Mar 15, 1991
$2,025
Cha Charles W
Ascot
Grant Deed
$700 · Company Misc
—
—
Associated Hotels INC
—
Deed Of Trust
related
$200,000 · Individual
—
—
Sumi L Martinez
—
Deed Of Trust
related
$975,000 · Timberland Savings Bank
—
—
Baltic LLC
—
Deed Of Trust
related
$3,234,681 · City Bank
—
—
Nitsi LLC
—
Deed Of Trust
related
$2,900,000 · Bank Of Hope
—
—
Sumi L Martinez
—
Deed Of Trust
related
$515,000 · Timberland Savings Bank
—
—
Baltic LLC
—
Deed Of Trust
related
$225,765 · City 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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