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Property profile & analytics
OFF-MARKET
Estimated value
$11,940,000
Hotels
3926 Aurora N Ave Seattle, WA 98103-7802
Entity Owned
~
Est. High Equity
Property ID
US90-0649211
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2014
Construction
CONCRETE
Total area
126,823 SF
Lot
0.82 ac (35,633 SF)
Zoning code
C1-55 (M)
APN
193130-0480
UPID
US90-0649211
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
-
Bleu Passion Theater & Performing Art Venue Music Venue
-
BMI Hospitality Management Property Management Company
-
Staybridge Suites Seattle - Fremont, an IHG Hotel Hotel & Motel
-
Hotel chingon Hotel & Motel
-
BCI Pacific Real Estate Development Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.68M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.94M
Owner & transaction history
Olympic Hospitality LLC
Olympic Hospitality LLC
since 2025
7 recorded transactions
Zoning & alternative use
C1-55 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this district is to promote general commercial activities, to provide for an auto-oriented, primarily retail or service commercial area that serves surrounding neighborhoods and the larger community, citywide, or regional clientele. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Commercial Mandatory Housing Affordability
General category
COMMERCIAL
Zone area
326.39 ac
Source
Realmo
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,905,000
6.5%
$14,680,000
7%
$13,630,000
Blend value · Realmo final
$11.94M
Range $10.75M – $13.13M · ±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
$94 / 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
$246,379
Tax year 2022
Assessed value
$29,517,900
Assessed 2022
Previous assessed
$29,517,900
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$5,344,900
Assessed improvement
$24,173,000
Land market value
$5,344,900
Improvement market value
$24,173,000
Total market value
$29,517,900
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
2014
Construction
CONCRETE
Heating
CENTRAL
Stories
4
Total area
126,823 SF
Lot
0.82 ac (35,633 SF)
Zoning code
C1-55 (M)
APN
193130-0480
UPID
US90-0649211
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C1-55 (M) · Seattle, WAZoning C1-55 (M) · permitted uses
C1-55 (M) · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this district is to promote general commercial activities, to provide for an auto-oriented, primarily retail or service commercial area that serves surrounding neighborhoods and the larger community, citywide, or regional clientele. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Commercial Mandatory Housing Affordability
General category
COMMERCIAL
Zone area
326.39 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2014
Construction
CONCRETE
Heating
CENTRAL
Stories
4
Lot
0.82 ac
Current owner
From public records · entity-resolved
Olympic Hospitality LLC
Entity
Mailing address
3926 AURORA AVE N #400, SEATTLE, WA 98103-7802
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2025
—
Olympic Hospitality LLC
Circadia Management LLC
Deed
$15,000,000 · Banner Bank
Dec 10, 2025
—
Circadia Management LLC
Emily Kim Trust
Warranty Deed
—
Sep 1, 2016
—
Faruq Ramzanalli
—
Deed
related
$15,000,000 · Heritage Bank
Feb 15, 2013
—
Kim,emily Trust
Kim,han
Quit Claim Deed
related
—
Dec 17, 2012
—
City Of Seattle
Ramzanalli,faruq
Grant Deed
related
—
Jun 10, 2011
$2,850,000
Faruq Ramzanalli
3940 Aurora LLC
Warranty Deed
—
Jun 10, 2011
—
Faruq Ramzanalli
Ramzanalli,munira P
Quit Claim Deed
related
—
Jan 14, 2010
—
3940 Aurora LLC
—
Deed Of Trust
related
$4,300,000 · Washington Trust Bank
Oct 30, 2009
—
3940 Aurora LLC
—
Deed Of Trust
related
$4,000,000 · Washington Trust Bank
Nov 6, 2007
$1,939,505
3940 Aurora LLC
Lea,isabel L
Warranty Deed
—
Aug 2, 1990
—
Isabel M Lea
Laigo,mariano M
Quit Claim Deed
related
—
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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