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Property profile & analytics
FOR SALE
Hotels
23905 Highway 99, Edmonds, WA 98026
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0105391
No photos on file
For Sale
$3,300,000
23905 Highway 99, Edmonds, WA 98026
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1950
Construction
TYPE NOT SPECIFIED
Total area
5,042 SF
Lot
0.74 ac (32,234 SF)
Zoning code
CG
APN
451900201602
UPID
US90-0105391
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
-
ST FRANCIS MOTEL Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.17M
Blend (final)
Blend
$1.76M
Owner & transaction history
Hyong Kim Chu · 5 yrs held
Hyong Kim Chu
since 2020
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
CG · Edmonds, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+62.1%
Auto repair, garage
$2.2M
+35.7%
Apartment house (5+ units)
$2.1M
+29.4%
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
$2,105,000
ML approach
$2,075,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,610,000
Current use
RESTAURANT
$2,615,000
Change: +62% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,190,000
Change: +36% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,085,000
Change: +29% · Conversion: Difficult
MEDICAL BUILDING
$1,970,000
Change: +22% · Conversion: Difficult
OFFICE BUILDING
$1,950,000
Change: +21% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,530,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$1,470,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$1.76M
Range $1.58M – $1.94M · ±10% · vs last sale $1.63M (Sep 29 2020)
Last sale anchor
$1.63M
Sep 29 2020
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
$349 / 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
$11,127
Tax year 2023
Assessed value
$1,635,000
Assessed 2023
Previous assessed
$1,560,000
+4.8% YoY
Effective rate
0.68%
On assessed value
Assessed land
$1,149,800
Assessed improvement
$485,200
Land market value
$1,149,800
Improvement market value
$485,200
Total market value
$1,635,000
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
For Sale
Year built
1950
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Buildings
3
Stories
1
Bathrooms
1
Total area
5,042 SF
Lot
0.74 ac (32,234 SF)
Zoning code
CG
APN
451900201602
UPID
US90-0105391
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CG · Edmonds, WA
Zoning CG · permitted uses
CG · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.6M
RESTAURANT
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.0M
OFFICE BUILDING
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.5M
RETAIL STORES
Est. value
$1.5M
HOTEL/MOTEL Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1950
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Hyong Kim Chu
Individual
Mailing address
9002 133RD AVE SE, NEWCASTLE, WA 98059-3331
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2020
$1,630,000
Hyong Kim Chu
Angie & Sang INC
Warranty Deed
$1,968,700 · Us Metro Bank
Sep 29, 2020
—
Chu H Kim
Eun K Kim
Quit Claim Deed
related
—
Jun 19, 2018
—
Angie & Sang INC
—
Deed
related
$1,781,000 · Bank Of Hope
Jun 13, 2018
—
Angie & Sang INC
Montgomery,angie S
Quit Claim Deed
related
—
Apr 2, 2015
—
Sang Y Mok
Mok Sang K
Quit Claim Deed
related
—
Apr 2, 2015
$1,470,000
Angie S|mok Sang Y Montgomery
Sunlite Co
Warranty Deed
$1,200,000 · Hana Small Busn Lndg
Aug 21, 2014
—
Sunlite Co
Yun,angela T
Quit Claim Deed
related
—
Jan 28, 2014
—
Angela T Yun
Park,chi K
Quit Claim Deed
related
—
Jan 12, 2006
—
Angela T Yun
Pak,song K
Quit Claim Deed
related
—
Jun 10, 2004
$1,050,000
Song K Pak
Young,angela T
Quit Claim Deed
related
—
Apr 1, 2004
—
Angela T Yan
Vermedal,searle
Quit Claim Deed
related
—
Dec 10, 2003
$1,250,000
Searle R Vermedal
Chuang,kuo S & Hsiu Y
Grant Deed
$1,050,000 · Kuo S & Hsiu Y Chuang
Apr 1, 1989
$384,500
—
—
Grant Deed
related
—
—
—
Song K Pak
—
Deed Of Trust
related
$500,000 · Angela T Yun
—
—
Kuo-sheng Chuang
—
Deed Of Trust
related
$450,000 · Us Bank NA
—
—
Angie & Sang INC
—
Deed Of Trust
related
$1,781,000 · Bank Of Hope
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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