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Property profile & analytics
OFF-MARKET
Estimated value
$3,785,000
Hotels
226 7th N Ave, Seattle, WA 98109-5007
Entity Owned
27-yr Hold
~
Est. High Equity
Property ID
US90-1214707
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1997
Construction
CONCRETE
Total area
116,300 SF
Lot
0.65 ac (28,125 SF)
Zoning code
SM-SLU 175/85-280
APN
199120-0940
UPID
US90-1214707
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
-
Holiday Inn Express & Suites Seattle-City Center Hotel & Motel
-
Fairfield Inn & Suites by Marriott Seattle Downtown/Seattle Center Hotel & Motel
-
Fairfield Inn & Suites Seattle Downtown-Seattle Center 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
$3.79M
Owner & transaction history
Sequim Lodging Corp · 27 yrs held
Sequim Lodging Corp
since 1999
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
$33 / 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
$293,312
Tax year 2022
Assessed value
$35,472,700
Assessed 2022
Previous assessed
$35,472,700
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$21,796,800
Assessed improvement
$13,675,900
Land market value
$21,796,800
Improvement market value
$13,675,900
Total market value
$35,472,700
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
1997
Construction
CONCRETE
Heating
GAS
Cooling
AC.PACKAGE
Stories
6
Total area
116,300 SF
Lot
0.65 ac (28,125 SF)
Zoning code
SM-SLU 175/85-280
APN
199120-0940
UPID
US90-1214707
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
1997
Construction
CONCRETE
Heating
GAS
Cooling
Yes
Stories
6
Lot
0.65 ac
Current owner
From public records · entity-resolved
Sequim Lodging Corp
Entity
Mailing address
3926 AURORA AVE N, SEATTLE, WA 98103-7802
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2020
—
Sequim Lodging Corporation
—
Deed
related
$18,110,000 · First Fsla Of Port Angeles
Jul 2, 2020
—
Sequim Lodging Corp
—
Deed
related
$10,000,000 · Rainier Hospitality LLC
Apr 19, 1999
—
Sequim Lodging Corp
Kim,han & Minhyung O
Quit Claim Deed
related
$9,000,000 · Column Financial INC
Aug 15, 1995
$2,000,000
In Sil Kim
Chai Tai Investments INC
Grant Deed
$1,500,000 · Seller
—
—
In S Kim
—
Deed Of Trust
related
$7,500,000 · City Bank
—
—
Emerald Hospital INC
—
Deed Of Trust
related
$600,000 · Individual
—
—
Sequim Lodging Corp
—
Deed Of Trust
related
$13,000,000 · Wells Fargo Bank
—
—
Sequim Lodging Corp
—
Deed Of Trust
related
$10,000,000 · Rainier Hospitality LLC
—
—
Sequim Lodging Corp
—
Deed Of Trust
related
$18,000,000 · Wells Fargo Bank
—
—
Sequim Lodging Corp
—
Deed Of Trust
related
$507,062 · City 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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