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Property profile & analytics
OFF-MARKET
Estimated value
$6,435,000
Motels
1811 76th St Tacoma, WA 98408-1104
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0316396
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1981
Construction
WOOD FRAME
Total area
12,574 SF
Lot
2.32 ac (101,059 SF)
Zoning code
C2
APN
320297006
UPID
US90-0316396
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
-
Motel 6 Tacoma, WA - South Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.36M
Blend (final)
Blend
$6.44M
Owner & transaction history
Madison Avenue P&l Enterprises INC · 5 yrs held
Madison Avenue P&l Enterprises INC
since 2021
Last sale
$5.8M
6 recorded transactions
Zoning & alternative use
C2 · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
C-2: General Community Commercial District The C-2 District is similar to the C -1 District however it is intended to serve a larger market area. Higher intensity uses of the permitted uses in the C -1 District are allowed in the C -2 District. The maximum building height in this district is 45 feet.
Zone name
Commercial
General category
MIXED_USE
Zone area
305.24 ac
Source
Ordinance Table
Top alternative use upside
Neighborhood: shopping center
$5.3M
+31.2%
Restaurant
$4.9M
+21.1%
Auto repair, garage
$4.6M
+14.3%
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 Tacoma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tacoma 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
$6,435,000
ML approach
$6,075,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,065,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,335,000
Change: +31% · Conversion: Difficult
RESTAURANT
$4,925,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,645,000
Change: +14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,875,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$3,795,000
Change: -7% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,765,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$6.44M
Range $5.79M – $7.08M · ±10% · vs last sale $5.80M (Jul 16 2021)
Last sale anchor
$5.80M
Jul 16 2021
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
$512 / 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
$73,041
Tax year 2024
Assessed value
$6,575,100
Assessed 2024
Previous assessed
$6,575,100
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,995,900
Assessed improvement
$4,579,200
Land market value
$1,995,900
Improvement market value
$4,579,200
Total market value
$6,575,100
Applied tax rate
5.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1981
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Buildings
3
Stories
2
Units
119
Total area
12,574 SF
Lot
2.32 ac (101,059 SF)
Zoning code
C2
APN
320297006
UPID
US90-0316396
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
C2 · Tacoma, WAZoning C2 · permitted uses
C2 · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
C-2: General Community Commercial District The C-2 District is similar to the C -1 District however it is intended to serve a larger market area. Higher intensity uses of the permitted uses in the C -1 District are allowed in the C -2 District. The maximum building height in this district is 45 feet.
Zone name
Commercial
General category
MIXED_USE
Zone area
305.24 ac
Source
Ordinance Table
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.3M
RESTAURANT
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$4.6M
COMMERCIAL (GENERAL)
Est. value
$3.9M
RETAIL STORES
Est. value
$3.8M
WAREHOUSE, STORAGE
Est. value
$3.8M
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1981
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Buildings
3
Units
119
Lot
2.32 ac
Current owner
From public records · entity-resolved
Madison Avenue P&l Enterprises INC
Entity
Mailing address
550 HAWKCREST CIR, SACRAMENTO, CA 95835-2033
Ownership since
2021
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
Jul 16, 2021
$5,800,000
Madison Avenue P&l Enterprises INC
G6 Hospitality Property LLC
Warranty Deed
$5,000,000 · Mountain Pacific Bank
Sep 21, 2017
—
G6 Hospitality Property LLC
—
Loan Modification
related
$2,075,000,000 · Jp Morgan Chase Bk
Aug 17, 2017
—
G6 Hospitality Property LLC
—
Grant Deed
related
$2,010,000,000 · Jp Morgan Chase Bk
Oct 25, 2012
$5,034,778
G6 Hospitality Property LLC
First Berkshire Properties LLC
Grant Deed
—
Nov 5, 1999
$6,246,387
First Berkshire Properties LLC
Motel 6 Operating LP
Grant Deed
related
—
—
—
G6 Hospitality Property LLC
—
Deed Of Trust
related
$1,800,000,000 · German American Cap
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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