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Property profile & analytics
OFF-MARKET
Estimated value
$2,325,000
Hotels
403 University Way, Ellensburg, WA 98926-2828
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1411086
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1967
Total area
7,854 SF
Lot
2.07 ac (90,169 SF)
Zoning code
ECH
APN
174536
UPID
US90-1411086
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
$2.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.33M
Owner & transaction history
Cv The Agate LLC · 3 yrs held
Cv The Agate LLC
since 2022
Last sale
$2.4M
5 recorded transactions
Zoning & alternative use
ECH · Ellensburg, 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 Ellensburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ellensburg 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
$2,280,000
ML approach
$2,160,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,535,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.33M
Range $2.09M – $2.56M · ±10% · vs last sale $2.43M (Aug 22 2022)
Last sale anchor
$2.43M
Aug 22 2022
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
$296 / 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
Property tax & assessments
Assessed value
$2,823,570
Assessed 2024
Previous assessed
$2,823,570
+0.0% YoY
Assessed land
$795,000
Assessed improvement
$2,028,570
Land market value
$795,000
Improvement market value
$2,028,570
Total market value
$2,823,570
Applied tax rate
18.0000
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
1967
Heating
PACKAGE
Buildings
5
Stories
2
Total area
7,854 SF
Lot
2.07 ac (90,169 SF)
Zoning code
ECH
APN
174536
UPID
US90-1411086
Jurisdiction
KITTITAS
Zoning & alternative use
ECH · Ellensburg, WA
Zoning ECH · permitted uses
ECH · Ellensburg, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ellensburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.5M
OFFICE BUILDING
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
1967
Heating
PACKAGE
Stories
2
Buildings
5
Lot
2.07 ac
Current owner
From public records · entity-resolved
Cv The Agate LLC
Entity
Mailing address
732 NW 19TH AVE, PORTLAND, OR 97209-1302
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Jun 30, 2025
—
Cv The Agate LLC
—
Deed
related
$1,200,000 · Willamette Funding LLC
Aug 22, 2022
$2,434,000
Cv The Agate LLC
Son & NA Harbor Resort INC
Warranty Deed
$5,050,000 · Freedom Reit
Aug 11, 2006
$1,140,000
Son & NA Harbor Resort INC
City B Properties LLC
Warranty Deed
$846,232 · City Bank
Jul 14, 2006
—
City B Properties LLC
City Bank
Quit Claim Deed
related
—
—
—
Son & NA Harbor Resort INC
—
Deed Of Trust
related
$1,742,000 · Hanmi 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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