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Property profile & analytics
FOR SALE
Motels
2128 8Th Ave Lewiston, ID 83501
Entity Owned
~
Est. High Equity
Property ID
US27-0434174
For Sale
1 / 38
$6,700,000
2128 8Th Ave, Lewiston, ID 83501
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Property summary
AI-generated overview
This 52-key Quality Inn hotel in Lewiston, Idaho, presents a compelling investment opportunity. Boasting 24,374 square feet on a 2.401-acre lot, the property features 71 beds across a two-story building, constructed in 1995 and renovated in 2024. The hotel enjoys a strong 72.7% occupancy rate (2023) and a 7.7% cap rate, with a projected net income of $834,000 and a 9.8% cap rate if the city-approved 30-RV hookup park is developed. Located at 2128 8th Ave, Lewiston, ID 83501 (APN: RPL355W0053325, RPL355W0053302), this Core investment-type property is zoned C6 and offers exceptional access to outdoor recreation opportunities at the mouth of Hells Canyon, including hunting, fishing, golfing, snowmobiling, and jet boating. The asking price is $8,500,000 ($348.73/sq ft, $163,461.54/key). A Letter of Intent is required for property viewing.
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1995
Total area
24,374 SF
Lot
1.91 ac (83,112 SF)
Zoning code
C6
APN
RPL355W0053325
UPID
US27-0434174
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
-
Quality Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.09M
Owner & transaction history
GILLS LLC
GILLS LLC
Zoning & alternative use
C6 · Lewiston, ID
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 Lewiston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lewiston 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
by Request
ML approach
$1,085,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,380,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$1,200,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.09M
Range $977k – $1.19M · ±10%
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
$45 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$60,003
Tax year 2023
Assessed value
$3,838,006
Assessed 2024
Previous assessed
$3,867,006
-0.7% YoY
Effective rate
1.56%
On assessed value
Assessed land
$494,606
Assessed improvement
$3,343,400
Land market value
$494,606
Improvement market value
$3,343,400
Total market value
$3,838,006
Applied tax rate
10,000.0000
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
For Sale
Year built
1995
Heating
FORCED AIR
Stories
2
Total area
24,374 SF
Lot
1.91 ac (83,112 SF)
Zoning code
C6
APN
RPL355W0053325
UPID
US27-0434174
Jurisdiction
NEZ PERCE
Zoning & alternative use
C6 · Lewiston, ID
Zoning C6 · permitted uses
C6 · Lewiston, ID
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lewiston. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.2M
WAREHOUSE, STORAGE
RETAIL STORES
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
1995
Heating
FORCED AIR
Stories
2
Lot
1.91 ac
Current owner
From public records · entity-resolved
GILLS LLC
Entity
Mailing address
PO BOX 535, LEWISTON, ID 83501-0535
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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