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Property profile & analytics
OFF-MARKET
Estimated value
$7,660,000
Hotels
2800 Pacific Ave, Everett, WA 98201-4528
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US90-1012645
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1985
Construction
WOOD
Total area
62,182 SF
Lot
1.94 ac (84,506 SF)
Zoning code
30
APN
439069403300
UPID
US90-1012645
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
-
Best Western Cascadia Inn Hotel & Motel
-
Atm Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.16M
Comparable Approach
Comparable
$4.98M
Blend (final)
Blend
$7.66M
Owner & transaction history
N & P Hotel Corp · 15 yrs held
N & P Hotel Corp
since 2011
7 recorded transactions
Zoning & alternative use
30 · Everett, 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 Everett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Everett 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%
$7,755,000
6.5%
$7,155,000
7%
$6,645,000
Blend value · Realmo final
$7.66M
Range $6.89M – $8.43M · ±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
$123 / 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
$98,541
Tax year 2023
Assessed value
$12,000,000
Assessed 2023
Previous assessed
$12,000,000
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$1,776,300
Assessed improvement
$10,223,700
Land market value
$1,776,300
Improvement market value
$10,223,700
Total market value
$12,000,000
Applied tax rate
10.0000
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
1985
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
3
Total area
62,182 SF
Lot
1.94 ac (84,506 SF)
Zoning code
30
APN
439069403300
UPID
US90-1012645
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
30 · Everett, WA
Zoning 30 · permitted uses
30 · Everett, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Everett. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Lot
1.94 ac
Current owner
From public records · entity-resolved
N & P Hotel Corp
Entity
Mailing address
2224 KAMBER RD, BELLEVUE, WA 98007-6229
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2018
—
N And P Hotel Corporation
—
Deed
related
$1,948,000 · Heritage Bank
Dec 29, 2016
—
N&p Hotel Corporation
—
Deed
related
$5,392,000 · Heritage Bank
May 10, 2011
$8,200,000
N & P Hotel Corp
Joyland Hotel LLC
Warranty Deed
$4,100,000 · Unibank
May 6, 2011
—
Young P Kim
Joyland Hotel LLC
Quit Claim Deed
related
—
—
—
Samuel E Allen
—
Deed Of Trust
related
$4,082,000 · Bank Midwest
—
—
Joyland Hotel LLC
—
Deed Of Trust
related
$3,724,132 · Unibank
—
—
Joyland Hotel LLC
—
Deed Of Trust
related
$207,200 · Unibank
—
—
Joyland Hotel LLC
—
Deed Of Trust
related
$250,000 · Unibank
—
—
Joyland Hotel LLC
—
Deed Of Trust
related
$400,000 · Unibank
—
—
Joyland Hotel LLC
—
Deed Of Trust
related
$150,000 · Pacific International Bank
—
—
Joyland Hotel LLC
—
Deed Of Trust
related
$1,330,000 · Nara Bank
—
—
Joyland Hotel LLC
—
Deed Of Trust
related
$2,250,000 · Nara Bank
—
—
Joyland Hotel LLC
—
Deed Of Trust
related
$51,217 · City Bank
—
—
Joyland Hotel LLC
—
Deed Of Trust
related
$5,200,000 · 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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