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Property profile & analytics
OFF-MARKET
Estimated value
$4,080,000
Hotels
411 Bennett St Seattle, WA 98108
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0715811
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,938 SF
Lot
0.23 ac (10,000 SF)
Zoning code
C1-75 (M)
APN
526330-0055
UPID
US90-0715811
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
$3.67M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.08M
Owner & transaction history
Georgetown Community Dev Authority · 4 yrs held
Georgetown Community Dev Authority
since 2022
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
C1-75 (M) · 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
Method
Estimation
Statistic approach
$3,655,000
ML approach
$3,670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.08M
Range $3.67M – $4.49M · ±10% · vs last sale $4.50M (Jul 1 2022)
Last sale anchor
$4.50M
Jul 1 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
$2,105 / 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
$14,087
Tax year 2022
Assessed value
$1,501,000
Assessed 2022
Previous assessed
$1,501,000
+0.0% YoY
Effective rate
0.94%
On assessed value
Assessed land
$1,500,000
Assessed improvement
$1,000
Land market value
$1,500,000
Improvement market value
$1,000
Total market value
$1,501,000
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
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Buildings
2
Stories
1
Total area
1,938 SF
Lot
0.23 ac (10,000 SF)
Zoning code
C1-75 (M)
APN
526330-0055
UPID
US90-0715811
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C1-75 (M) · Seattle, WA
Zoning C1-75 (M) · permitted uses
C1-75 (M) · 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
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
1
Buildings
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Georgetown Community Dev Authority
Entity
Mailing address
6555 5TH AVE S, SEATTLE, WA 98108-3433
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2022
$4,500,000
Georgetown Community Dev Authority
Nw Happy Palace INC
Warranty Deed
$4,999,461 · Umb Bank NA
Jul 26, 2018
—
Nw Happy Palace INC
—
Grant Deed
related
$1,008,000 · Unibank
Apr 2, 2018
$1,500,000
Nw Happy Palace INC
Liu,hsi Y & John
Warranty Deed
—
Feb 23, 2015
—
Hsi Y Liu
Liu Hsi Y
Quit Claim Deed
related
—
Apr 20, 2012
$750,000
Hsi Y Liu
Moon & Lee LLC
Warranty Deed
$450,000 · Moon & Lee LLC
Mar 1, 2011
$650,000
Moon & Lee LLC
Whidbey Island Bk
Grant Deed
—
Feb 26, 1997
$735,000
Hyung K Kim
Sheth,mayur & Shashi
Grant Deed
$592,626 · City Bank
—
—
Hyung K Kim
—
Deed Of Trust
related
$787,835 · City Bank
—
—
Hyung K Kim
—
Deed Of Trust
related
$176,181 · Individual
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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