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Property profile & analytics
OFF-MARKET
Estimated value
$10,780,000
Hotels
2106 5th Ave Seattle, WA 98121-2511
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-3319612
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
31,700 SF
Lot
0.3 ac (12,960 SF)
Zoning code
DMC 240/290-440
APN
066000-0010
UPID
US90-3319612
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
-
Kings Inn Hotel & Motel Bed & Breakfast
-
2106 5th Ave Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.96M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.01M
Blend (final)
Blend
$10.78M
Owner & transaction history
Holly Holdings LLC · 4 yrs held
Holly Holdings LLC
since 2022
Last sale
$12.5M
7 recorded transactions
Zoning & alternative use
DMC 240/290-440 · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$16.6M
+58.4%
Commercial (general)
$16.0M
+52.7%
Auto repair, garage
$13.0M
+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 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
Method
Estimation
Statistic approach
$10,155,000
ML approach
$7,960,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$10,505,000
Current use
RESTAURANT
$16,635,000
Change: +58% · Conversion: Difficult
COMMERCIAL (GENERAL)
$16,040,000
Change: +53% · Conversion: Difficult
AUTO REPAIR, GARAGE
$13,040,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$12,710,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$11,245,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$11,200,000
Change: +7% · Conversion: Difficult
MEDICAL BUILDING
$10,900,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$10.78M
Range $9.70M – $11.86M · ±10% · vs last sale $12.50M (Mar 30 2022)
Last sale anchor
$12.50M
Mar 30 2022
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
$340 / 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
$257,395
Tax year 2022
Assessed value
$14,905,000
Assessed 2022
Previous assessed
$14,905,000
+0.0% YoY
Effective rate
1.73%
On assessed value
Assessed land
$14,904,000
Assessed improvement
$1,000
Land market value
$14,904,000
Improvement market value
$1,000
Total market value
$14,905,000
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
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
3
Total area
31,700 SF
Lot
0.3 ac (12,960 SF)
Zoning code
DMC 240/290-440
APN
066000-0010
UPID
US90-3319612
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DMC 240/290-440 · Seattle, WA
Zoning DMC 240/290-440 · permitted uses
DMC 240/290-440 · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$10.5M
RESTAURANT
Est. value
$16.6M
COMMERCIAL (GENERAL)
Est. value
$16.0M
AUTO REPAIR, GARAGE
Est. value
$13.0M
RETAIL STORES
Est. value
$12.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.2M
OFFICE BUILDING
Est. value
$11.2M
MEDICAL BUILDING
Est. value
$10.9M
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
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
3
Lot
0.3 ac
Current owner
From public records · entity-resolved
Holly Holdings LLC
Entity
Mailing address
2106 5TH AVE, SEATTLE, WA 98121-2511
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2022
$12,500,000
Holly Holdings LLC
Won Kang Yoon
Warranty Deed
—
Jun 13, 2008
$25,000
Sixth & Lenora Apartments LLC
Kang,yoon W
Grant Deed
—
Jun 23, 2003
$4,050,000
Yoon W Kang
Choi,nak S & Kyung Y
Grant Deed
$2,120,000 · Nara Bank
Sep 30, 1997
$3,710,000
Nak S Choi
Kim Trust
Grant Deed
$2,703,801 · City Bank
—
—
Nak S Choi
—
Deed Of Trust
related
$650,000 · City Bank
—
—
Kim Trust
—
Deed Of Trust
related
$1,500,000 · Sterling Savings Association
—
—
Yoon W Kang
—
Deed Of Trust
related
$2,590,000 · Unibank
—
—
Yoon W Kang
—
Deed Of Trust
related
$2,590,000 · Unibank
—
—
Yoon W Kang
—
Deed Of Trust
related
$950,000 · Unibank
—
—
Nak S Choi
—
Deed Of Trust
related
$120,894 · City Bank
—
—
Yoon W Kang
—
Deed Of Trust
related
$3,300,000 · Unibank
—
—
Nak S Choi
—
Deed Of Trust
related
$2,808,001 · City Bank
—
—
Yoon W Kang
—
Deed Of Trust
related
$3,050,000 · Centerbank
—
—
Yoon W Kang
—
Deed Of Trust
related
$2,700,000 · Centerbank
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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