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Property profile & analytics
OFF-MARKET
Estimated value
$17,655,000
Hotels
1801 Vly Rd, Renton, WA 98057-3364
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0037990
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1998
Construction
FRAME
Total area
74,751 SF
Lot
2.61 ac (113,753 SF)
Zoning code
CO
APN
334040-3330
UPID
US90-0037990
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
$17.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$24.52M
Blend (final)
Blend
$17.66M
Owner & transaction history
Ho Tels Properties LLC · 2 yrs held
Ho Tels Properties LLC
since 2024
Last sale
$17.7M
7 recorded transactions
Zoning & alternative use
CO · Renton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$26.5M
+7.0%
Medical building
$25.7M
+3.8%
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
Method
Estimation
Statistic approach
$17,655,000
ML approach
$17,655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$24,770,000
Current use
APARTMENT HOUSE (5+ UNITS)
$26,510,000
Change: +7% · Conversion: Difficult
MEDICAL BUILDING
$25,705,000
Change: +4% · Conversion: Difficult
WAREHOUSE, STORAGE
$22,080,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$17.66M
Range $15.89M – $19.42M · ±10% · vs last sale $17.65M (Mar 29 2024)
Last sale anchor
$17.65M
Mar 29 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
$236 / 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
$271,000
Tax year 2024
Assessed value
$23,571,400
Assessed 2023
Previous assessed
$23,571,400
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$3,014,400
Assessed improvement
$20,557,000
Land market value
$3,014,400
Improvement market value
$20,557,000
Total market value
$23,571,400
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
74,751 SF
Lot
2.61 ac (113,753 SF)
Zoning code
CO
APN
334040-3330
UPID
US90-0037990
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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$24.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$26.5M
MEDICAL BUILDING
Est. value
$25.7M
WAREHOUSE, STORAGE
Est. value
$22.1M
HOTEL/MOTEL Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1998
Construction
FRAME
Heating
GAS
Cooling
Yes
Stories
4
Lot
2.61 ac
Current owner
From public records · entity-resolved
Ho Tels Properties 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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2025
—
Virk Hospitality Renton 2 LLC
—
Deed
related
$3,000,000 · Sb Seatac LLC
Mar 29, 2024
$17,654,795
Ho Tels Properties LLC
Bre Select Hotels Properties LLC
Bargain And Sale Deed
$12,375,000 · First Credit Bank
Jul 14, 2017
—
Bre Select Hotels Props LLC
—
Deed
related
—
May 17, 2013
—
Bre Select Hotels Properties LLC
Bre Select Hotels Pa LLC
Limited Warranty Deed
—
Dec 1, 2005
$8,085,000
Hospitality Ownership In Apple
Renton Garden Hotel Co LLC
Grant Deed
—
Feb 3, 2003
—
Renton Garden Hotel Co LLC
—
Deed Of Trust
related
$90,000,000 · Greenwich Capital Fin'l Produc
Dec 22, 2000
—
Renton Garden Home Co LLC
—
Deed Of Trust
related
$154,000,000 · Greenwich Capital Fin'l Produc
Apr 26, 1999
—
Renton Garden Hotel Co LLC
—
Deed Of Trust
related
$5,731,000 · Prudential Mortgage Capital Co
—
—
Bre Select Hotels Props LLC
—
Deed Of Trust
related
—
—
—
Bre Select Hotels Props 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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