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Property profile & analytics
OFF-MARKET
Estimated value
$11,030,000
Hotels
22318 84th S Ave, Kent, WA 98032-1522
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0933686
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1987
Construction
FRAME
Total area
56,130 SF
Lot
3.34 ac (145,280 SF)
Zoning code
I2
APN
775780-0010
UPID
US90-0933686
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
-
Ramada by Wyndham Kent Seattle Area Hotel & Motel
-
International Mountain Guide Hiking Area
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.72M
Blend (final)
Blend
$11.03M
Owner & transaction history
Phb Lodging LLC · 2 yrs held
Phb Lodging LLC
since 2024
Last sale
$11.0M
7 recorded transactions
Zoning & alternative use
I2 · Kent, 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 Kent submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kent 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
$11,030,000
ML approach
$11,030,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$17,295,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$11.03M
Range $9.93M – $12.13M · ±10% · vs last sale $11.03M (May 8 2024)
Last sale anchor
$11.03M
May 8 2024
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
$197 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$146,052
Tax year 2024
Assessed value
$10,721,000
Assessed 2023
Previous assessed
$10,721,000
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$3,377,700
Assessed improvement
$7,343,300
Land market value
$3,377,700
Improvement market value
$7,343,300
Total market value
$10,721,000
Applied tax rate
1,526.0000
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
1987
Construction
FRAME
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Buildings
2
Stories
2
Total area
56,130 SF
Lot
3.34 ac (145,280 SF)
Zoning code
I2
APN
775780-0010
UPID
US90-0933686
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
I2 · Kent, WA
Zoning I2 · permitted uses
I2 · Kent, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kent. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$17.3M
COMMERCIAL (GENERAL)
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
1987
Construction
FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Buildings
2
Lot
3.34 ac
Current owner
From public records · entity-resolved
Phb Lodging LLC
Entity
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2025
—
Phb Lodging LLC
—
Deed
related
$4,700,000 · Pcb Bank
May 8, 2024
$11,030,000
Phb Lodging LLC
Jeff & Young Hospitality INC
Warranty Deed
$5,000,000 · Us Metro Bank
Jul 20, 2023
—
Jeff & Young Hospitality INC
—
Deed
related
$130,000 · Rj Lodging INC
Jan 4, 2021
—
Jeff & Young Hospitality INC
—
Deed
related
$5,000,000 · Bbcn Bank
Dec 20, 2019
—
Jeff & Young Hospital INC
City Of Kent
Quit Claim Deed
related
—
Sep 14, 2018
$12,200,000
Jeff & Young Hospitality INC
Richard & Partners LLC
Warranty Deed
$7,700,000 · Bank Of Hope
May 20, 2014
$8,100,000
Richard & Partners LLC
A R Hospitality INC
Warranty Deed
$4,222,500 · East West Bank
Aug 27, 2004
$6,000,000
Ar Hospitality INC
Pinnacle Palo Alto LLC
Warranty Deed
$4,800,000 · State Bank Of India
Dec 12, 2000
$6,400,000
Pinnacle Palo Alto LLC
Sunstone Op Properties LLC
Grant Deed
$4,480,000 · Washington First Int'l Bank
Dec 21, 1999
—
Sunstone Op Properties LLC
Sunstone Hotel Investors LP
Quit Claim Deed
related
$518,500 · Pw Real Estate Investments INC
—
—
A R Hospitality INC
—
Deed Of Trust
related
$7,000,000 · State Bank Of India
—
—
Ar Hospitality INC
—
Loan Modification
related
$6,310,000 · State Bank Of India
—
—
Richard & Partners LLC
—
Deed Of Trust
related
$2,585,000 · Ameritrust Cdc
—
—
Richard & Partners LLC
—
Deed Of Trust
related
$4,222,500 · East West Bk
—
—
Pinnacle Palo Alto LLC
—
Deed Of Trust
related
$544,000 · Washington First Int'l Bank
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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