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Property profile & analytics
OFF-MARKET
Estimated value
$3,125,000
Hotels
201 Westlake N Ave Seattle, WA 98109-5217
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-0915788
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2018
Construction
WOOD
Total area
89,199 SF
Lot
0.29 ac (12,720 SF)
Zoning code
SM-SLU 175/85-280
APN
198620-0085
UPID
US90-0915788
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
-
societyM meeting rooms Seattle South Lake Union Conference Center Trade Show Venue
-
canteenM Bar & Pub
-
citizenM Seattle South Lake Union hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.13M
Owner & transaction history
Citizenm Seattle South Lake Un · 10 yrs held
Citizenm Seattle South Lake Un
since 2015
7 recorded transactions
Zoning & alternative use
SM-SLU 175/85-280 · Seattle, 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 Seattle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seattle 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
$35 / 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
$671,959
Tax year 2022
Assessed value
$82,467,600
Assessed 2022
Previous assessed
$82,467,600
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$9,858,000
Assessed improvement
$72,609,600
Land market value
$9,858,000
Improvement market value
$72,609,600
Total market value
$82,467,600
Applied tax rate
11.0000
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
7
Total area
89,199 SF
Lot
0.29 ac (12,720 SF)
Zoning code
SM-SLU 175/85-280
APN
198620-0085
UPID
US90-0915788
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SM-SLU 175/85-280 · Seattle, WA
Zoning SM-SLU 175/85-280 · permitted uses
SM-SLU 175/85-280 · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seattle. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2018
Construction
WOOD
Heating
CENTRAL
Stories
7
Lot
0.29 ac
Current owner
From public records · entity-resolved
Citizenm Seattle South Lake Un
Individual
Mailing address
148 MADISON AVE FL, NEW YORK, NY 10016-6700
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2025
—
Citizenm Seattle South Lake Union P
—
Deed
related
$510,000,000 · Jpmorgan Chase Bank NA
Jun 9, 2023
—
Citizenm Seattle South Lake Union P
—
Deed
related
$280,000,000 · Jpmorgan Chase Bank NA
Aug 3, 2021
—
Citizenm Seattle South Lake Union P
—
Deed
related
—
Jul 1, 2020
—
Citizenm Seattle S Lk Union Pr
—
Deed
related
$45,155,000 · Hsbc Bk USA NA
Jun 26, 2020
—
Citizenm Seattle S Lk Union Pr
—
Deed
related
$45,155,000 · Hsbc Bk USA NA
Dec 16, 2019
—
Citizenm Seattle S Lk Union Pr
—
Deed
related
$45,155,000 · Hsbc Bk USA NA
Apr 4, 2018
—
Citizenm Seattle South Lake Union O
—
Deed
related
$45,155,000 · Hsbc Bank USA
Dec 8, 2015
$10,600,000
Citizenm Seattle South Lake Un
201 Westlake LLC
Grant Deed
—
Apr 21, 2014
—
City Of Seattle
201 Westlake LLC
Grant Deed
—
Jan 25, 2013
$5,550,000
201 Westlake LLC
J2k2b LLC
Grant Deed
—
Oct 14, 2005
$3,150,000
J2k2b LLC
In Site Props LLC
Grant Deed
—
May 31, 2002
$1,462,500
In Site Properties LLC
201 Westlake Partners LLC
Grant Deed
$1,000,000 · 201 Westlake Partners LLC
Jul 19, 1999
—
201 Westlake Partners LLC
Frayn,robert B & Barbara
Trustees Deed
related
—
—
—
201 Westlake LLC
—
Deed Of Trust
related
—
—
—
Citizenm Seattle S Lk Union Pr
—
Loan Modification
related
$45,155,000 · Hsbc Bk USA NA
—
—
Citizenm Seattle S Lk Union Pr
—
Loan Modification
related
$45,155,000 · Hsbc Bk USA NA
—
—
Citizenm Seattle S Lk Union Pr
—
Loan Modification
related
$45,155,000 · Hsbc Bk USA NA
—
—
Peter S Liu
—
Deed Of Trust
related
$150,000 · Citibank Fsb
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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