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Property profile & analytics
OFF-MARKET
Estimated value
$51,680,000
Hotels
19608 International Blvd Seatac, WA 98188-5403
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-2011676
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2018
Construction
WOOD
Total area
116,365 SF
Lot
2.64 ac (114,791 SF)
Zoning code
UH-UCR
APN
042204-9138
UPID
US90-2011676
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
$49.39M
Blend (final)
Blend
$51.68M
Owner & transaction history
M2 Seatac LLC · 4 yrs held
M2 Seatac LLC
since 2021
Last sale
$51.1M
7 recorded transactions
Zoning & alternative use
UH-UCR · Seatac, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$61.1M
+58.4%
Commercial (general)
$58.9M
+52.7%
Auto repair, garage
$47.9M
+24.2%
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 Seatac submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seatac 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
$55,080,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$38,560,000
Current use
RESTAURANT
$61,065,000
Change: +58% · Conversion: Difficult
COMMERCIAL (GENERAL)
$58,880,000
Change: +53% · Conversion: Difficult
AUTO REPAIR, GARAGE
$47,875,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$46,660,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$41,270,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$41,120,000
Change: +7% · Conversion: Difficult
MEDICAL BUILDING
$40,010,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$51.68M
Range $46.51M – $56.85M · ±10% · vs last sale $51.13M (Sep 23 2021)
Last sale anchor
$51.13M
Sep 23 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
$444 / 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
$394,086
Tax year 2022
Assessed value
$37,228,300
Assessed 2022
Previous assessed
$37,228,300
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$3,788,100
Assessed improvement
$33,440,200
Land market value
$3,788,100
Improvement market value
$33,440,200
Total market value
$37,228,300
Applied tax rate
2,231.0000
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
2018
Construction
WOOD
Heating
CENTRAL
Stories
5
Bathrooms
2
Total area
116,365 SF
Lot
2.64 ac (114,791 SF)
Zoning code
UH-UCR
APN
042204-9138
UPID
US90-2011676
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
UH-UCR · Seatac, WAZoning UH-UCR · permitted uses
UH-UCR · Seatac, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$38.6M
RESTAURANT
Est. value
$61.1M
COMMERCIAL (GENERAL)
Est. value
$58.9M
AUTO REPAIR, GARAGE
Est. value
$47.9M
RETAIL STORES
Est. value
$46.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$41.3M
OFFICE BUILDING
Est. value
$41.1M
MEDICAL BUILDING
Est. value
$40.0M
HOTEL/MOTEL Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
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
2018
Construction
WOOD
Heating
CENTRAL
Stories
5
Bathrooms
2
Lot
2.64 ac
Current owner
From public records · entity-resolved
M2 Seatac LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1503 LYNDON B JOHNSON FWY STE #300, DALLAS, TX 75234-6011
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2024
—
M2 Seatac LLC
—
Deed
related
$280,500,000 · Bank Of Montreal
Nov 22, 2021
—
M2 Seatac LLC
—
Deed
related
$27,420,000 · Western Alliance Bank
Sep 23, 2021
$51,125,000
M2 Seatac LLC
Ri Seatac Property LP
Special Warranty Deed
—
Dec 8, 2020
—
Ri Seatac Property LP
—
Deed
related
—
Nov 21, 2016
—
Ri Seatac Property LP
Ri Renton Land Acquisition Bgc LLC
Bargain And Sale Deed
$2,637,750 · Texas Capital Bank NA
Mar 18, 2016
—
Ri Renton Land Acquisition Bg
City Of Seatac
Grant Deed
—
Nov 21, 1997
$2,789,052
Seatac City
Alaska Airlines INC
Grant Deed
—
—
—
Ri Seatac Property LP
—
Loan Modification
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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