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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Hotels
308 Zelt Strasse, Leavenworth, WA 98826-6102
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-1869044
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1983
Total area
5,280 SF
Lot
22.37 ac (974,437 SF)
APN
241806340150
UPID
US90-1869044
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
$490k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$525k
Owner & transaction history
Recreational Adventures Co · 11 yrs held
Recreational Adventures Co
since 2015
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$825,000
+76.7%
Industrial (general)
$750,000
+60.4%
Auto repair, garage
$745,000
+59.3%
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 Leavenworth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Leavenworth 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
$560,000
CAP Approach
CAP Return
Estimation
6%
$535,000
6.5%
$490,000
7%
$455,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$470,000
Current use
OFFICE BUILDING
$825,000
Change: +77% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$750,000
Change: +60% · Conversion: Difficult
AUTO REPAIR, GARAGE
$745,000
Change: +59% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$705,000
Change: +51% · Conversion: Difficult
RESTAURANT
$605,000
Change: +30% · Conversion: Difficult
RETAIL STORES
$480,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$99 / 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
$17,763
Tax year 2023
Assessed value
$2,201,349
Assessed 2022
Previous assessed
$2,175,718
+1.2% YoY
Effective rate
0.81%
On assessed value
Assessed land
$761,100
Assessed improvement
$1,440,249
Land market value
$761,100
Improvement market value
$1,440,249
Total market value
$2,201,349
Applied tax rate
606.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1983
Heating
NONE
Buildings
14
Total area
5,280 SF
Lot
22.37 ac (974,437 SF)
APN
241806340150
UPID
US90-1869044
Jurisdiction
CHELAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$470,000
OFFICE BUILDING
Est. value
$825,000
INDUSTRIAL (GENERAL)
Est. value
$750,000
AUTO REPAIR, GARAGE
Est. value
$745,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$705,000
RESTAURANT
Est. value
$605,000
RETAIL STORES
Est. value
$480,000
HOTEL/MOTEL Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
1983
Heating
NONE
Buildings
14
Lot
22.37 ac
Current owner
From public records · entity-resolved
Recreational Adventures Co
Entity
Mailing address
PO BOX 295, HILL CITY, SD 57745-0295
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2022
—
Recreational Adventures Co
—
Deed
related
$5,000,000 · Central Bank
Jun 16, 2015
—
Recreational Adventures Co
Witt Campground INC
Trustees Deed
$5,040,000 · Metabank
—
—
Witt Campground INC
—
Deed Of Trust
related
$164,877 · Caroline A Witt
—
—
Witt Campground INC
—
Deed Of Trust
related
$2,602,294 · Foundation Bank
—
—
Recreational Adventures Co
—
Loan Modification
related
$5,490,000 · Metabank
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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