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Property profile & analytics
OFF-MARKET
Estimated value
$3,305,000
Hotels
300 Terry N Ave, Seattle, WA 98109-5209
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1071253
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2018
Construction
CONCRETE
Total area
96,985 SF
Lot
0.31 ac (13,560 SF)
Zoning code
SM-SLU 175/85-280
APN
198620-0440
UPID
US90-1071253
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
-
national car rental Car Rental Facility
-
Caffe Ladro - Astra Hotel Cafe & Coffee Shop
-
Astra Hotel, Seattle, a Tribute Portfolio Hotel Hotel & Motel
-
ALTITUDE Sky Lounge Bar & Pub
-
Otium Grill & Greens Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.31M
Owner & transaction history
South Lake Union Hotel LLC · 13 yrs held
South Lake Union Hotel LLC
since 2012
3 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
$34 / 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
$825,457
Tax year 2022
Assessed value
$101,354,300
Assessed 2022
Previous assessed
$101,354,300
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$10,509,000
Assessed improvement
$90,845,300
Land market value
$10,509,000
Improvement market value
$90,845,300
Total market value
$101,354,300
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
2018
Construction
CONCRETE
Heating
CENTRAL
Stories
15
Total area
96,985 SF
Lot
0.31 ac (13,560 SF)
Zoning code
SM-SLU 175/85-280
APN
198620-0440
UPID
US90-1071253
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
2018
Construction
CONCRETE
Heating
CENTRAL
Stories
15
Lot
0.31 ac
Current owner
From public records · entity-resolved
South Lake Union Hotel LLC
Entity
Free & Clear · 13 yrs held
Mailing address
433 CALIFORNIA ST, SAN FRANCISCO, CA 94104-2016
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2019
—
South Lake Union Hotel LLC
—
Trustees Deed
related
$60,000,000 · Cmb Wing Lung Bk Ltd
Dec 13, 2012
$6,350,000
South Lake Union Hotel LLC
Bio-rad Laboratories INC
Grant Deed
—
Feb 8, 2001
—
Bio-rad Laboratories INC
—
Deed Of Trust
related
$200,000,000 · Bank One NA Trustee
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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