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Property profile & analytics
OFF-MARKET
Estimated value
$2,340,000
Hotels
23825 Hwy 99, Edmonds, WA 98026-9257
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US90-0042358
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1990
Construction
WOOD
Total area
18,768 SF
Zoning code
E2
APN
451900200501
UPID
US90-0042358
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
-
Travelodge by Wyndham Seattle North/Edmonds Hotel & Motel
-
Econo Lodge Edmonds North Seattle Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.17M
Comparable Approach
Comparable
$1.88M
Blend (final)
Blend
$2.34M
Owner & transaction history
Johse LLC · 15 yrs held
Johse LLC
since 2011
7 recorded transactions
Zoning & alternative use
E2 · Edmonds, 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 Edmonds submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edmonds 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,355,000
6.5%
$2,170,000
7%
$2,015,000
Blend value · Realmo final
$2.34M
Range $2.11M – $2.57M · ±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
$125 / 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
$22,112
Tax year 2023
Assessed value
$3,252,000
Assessed 2023
Previous assessed
$3,365,000
-3.4% YoY
Effective rate
0.68%
On assessed value
Assessed improvement
$3,252,000
Improvement market value
$3,252,000
Total market value
$3,252,000
Applied tax rate
217.0000
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
1990
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
3
Total area
18,768 SF
Zoning code
E2
APN
451900200501
UPID
US90-0042358
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
E2 · Edmonds, WA
Zoning E2 · permitted uses
E2 · Edmonds, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Edmonds. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Current owner
From public records · entity-resolved
Johse LLC
Entity
Mailing address
23825 HWY 99, EDMONDS, WA 98026-9257
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
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
Aug 27, 2025
—
Johse LLC
—
Deed
related
$2,630,000 · Bbcn Bank
Sep 22, 2020
—
Johse LLC
—
Deed
related
$2,862,500 · Bbcn Bank
May 31, 2013
—
John H Kim
—
Trustees Deed
related
$100,000 · Seung H & NA R Lee
Jun 27, 2011
—
Johse LLC
Kim,john H & Seung J
Quit Claim Deed
related
—
Apr 1, 2008
$4,470,000
John H Kim
Suzi Corp
Warranty Deed
$3,230,000 · Keb La Financial Corp
Dec 19, 2006
$3,500,000
Suzi Corp
Su Kim Kil
Warranty Deed
$2,625,000 · Pacific International Bank
May 15, 2006
$2,850,000
Kil S Kim
Lee,jin W
Warranty Deed
—
Jul 29, 1999
—
Jin W Lee
—
Deed Of Trust
related
$2,000,000 · Wilshire State Bank
—
—
Kil S Kim
—
Deed Of Trust
related
$611,315 · City Bank
—
—
Jin W Lee
—
Deed Of Trust
related
$1,858,369 · City Bank
—
—
Jin W Lee
—
Deed Of Trust
related
$200,000 · Washington First Int'l Bank
—
—
Jin W Lee
—
Deed Of Trust
related
$150,000 · City Bank
—
—
John H Kim
—
Deed Of Trust
related
$100,000 · Seung H & NA R Lee
—
—
Jin W Lee
—
Deed Of Trust
related
$155,000 · Sterling Savings Association
—
—
Johse LLC
—
Deed Of Trust
related
$3,100,000 · Bbcn Bk
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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