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Property profile & analytics
OFF-MARKET
Estimated value
$2,950,000
Hotels
405 Olive Way, Seattle, WA 98101-1108
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-1574059
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1927
Construction
CONCRETE
Total area
88,434 SF
Lot
0.19 ac (8,120 SF)
Zoning code
DRC 85-170
APN
065900-0030
UPID
US90-1574059
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
-
Oliver's Lounge Bar & Pub Nightclub
-
Mayflower Park Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.95M
Owner & transaction history
Mayflower Hotel Owner LLC · 11 yrs held
Mayflower Hotel Owner LLC
since 2015
5 recorded transactions
Zoning & alternative use
DRC 85-170 · 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
$33 / 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
$416,772
Tax year 2022
Assessed value
$51,143,000
Assessed 2022
Previous assessed
$51,143,000
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$7,105,000
Assessed improvement
$44,038,000
Land market value
$7,105,000
Improvement market value
$44,038,000
Total market value
$51,143,000
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
1927
Construction
CONCRETE
Heating
STEAM
Stories
12
Total area
88,434 SF
Lot
0.19 ac (8,120 SF)
Zoning code
DRC 85-170
APN
065900-0030
UPID
US90-1574059
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DRC 85-170 · Seattle, WA
Zoning DRC 85-170 · permitted uses
DRC 85-170 · 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
1927
Construction
CONCRETE
Heating
STEAM
Stories
12
Lot
0.19 ac
Current owner
From public records · entity-resolved
Mayflower Hotel Owner LLC
Entity
Mailing address
808 SW ALDER ST STE #300, PORTLAND, OR 97205-3133
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
Apr 10, 2015
$20,000,000
Mayflower Hotel Owner LLC
Tdhs M Investments LLC
Special Warranty Deed
$12,000,000 · First Republic Bank
Apr 8, 2008
—
Tdhs Of M Investments LLC
Temple De Hirsch Sinai
Grant Deed
related
$1,700,000 · Foundation Bank
Dec 14, 2007
$2,250,000
De Hirsch Sinai Temple
National Jewish Center Of Immunol
Quit Claim Deed
related
$1,000,000 · Kenneth Alhadeff
Oct 12, 2007
$2,250,000
De Hirsch Sinai Temple
Amc Cancer Research Center
Quit Claim Deed
related
—
—
—
Westlake Park Associates
—
Deed Of Trust
related
$1,382,513 · Seafirst 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.
Try Rey
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