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Property profile & analytics
OFF-MARKET
Estimated value
$5,410,000
Hotels
20651 Military S Rd Seatac, WA 98198-4817
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0372076
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1983
Construction
WOOD
Total area
15,004 SF
Lot
1.86 ac (81,144 SF)
Zoning code
CB
APN
032204-9014
UPID
US90-0372076
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
$5.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.10M
Blend (final)
Blend
$5.41M
Owner & transaction history
Madison Avenue P&l Enterprises INC · 5 yrs held
Madison Avenue P&l Enterprises INC
since 2021
Last sale
$5.2M
6 recorded transactions
Zoning & alternative use
CB · Seatac, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this zone is to provide the highest intensity commercial development outside of the urban center in the form of retail/personal services for a local service area which exceeds the needs of adjacent neighborhood or commercial areas, and to provide retail and personal services on a community oriented basis
Zone name
Community Business
General category
COMMERCIAL
Zone area
32.48 ac
Source
Realmo
Top alternative use upside
Restaurant
$7.9M
+58.4%
Commercial (general)
$7.6M
+52.7%
Auto repair, garage
$6.2M
+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
$5,600,000
ML approach
$5,645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,970,000
Current use
RESTAURANT
$7,875,000
Change: +58% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,590,000
Change: +53% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,175,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$6,015,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,320,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$5,300,000
Change: +7% · Conversion: Difficult
MEDICAL BUILDING
$5,160,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$5.41M
Range $4.87M – $5.95M · ±10% · vs last sale $5.20M (Jul 16 2021)
Last sale anchor
$5.20M
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
$361 / 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
$108,162
Tax year 2022
Assessed value
$9,962,800
Assessed 2022
Previous assessed
$9,962,800
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,988,000
Assessed improvement
$7,974,800
Land market value
$1,988,000
Improvement market value
$7,974,800
Total market value
$9,962,800
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
1983
Construction
WOOD
Heating
ELECTRIC
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
15,004 SF
Lot
1.86 ac (81,144 SF)
Zoning code
CB
APN
032204-9014
UPID
US90-0372076
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CB · Seatac, WAZoning CB · permitted uses
CB · Seatac, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this zone is to provide the highest intensity commercial development outside of the urban center in the form of retail/personal services for a local service area which exceeds the needs of adjacent neighborhood or commercial areas, and to provide retail and personal services on a community oriented basis
Zone name
Community Business
General category
COMMERCIAL
Zone area
32.48 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$5.0M
RESTAURANT
Est. value
$7.9M
COMMERCIAL (GENERAL)
Est. value
$7.6M
AUTO REPAIR, GARAGE
Est. value
$6.2M
RETAIL STORES
Est. value
$6.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.3M
OFFICE BUILDING
Est. value
$5.3M
MEDICAL BUILDING
Est. value
$5.2M
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
1983
Construction
WOOD
Heating
ELECTRIC
Cooling
Yes
Stories
2
Buildings
2
Lot
1.86 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
$5,200,000
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
Feb 4, 2015
—
G6 Hospitality Property LLC
—
Grant Deed
related
$1,800,000,000 · Jp Morgan Chase Bk
Oct 24, 2012
$5,379,822
G6 Hospitality Property LLC
First Berkshire Properties LLC
Grant Deed
—
Aug 30, 1999
$6,130,000
First Berkshire Properties LLC
Motel 6 Operating LP
Grant Deed
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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