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Property profile & analytics
OFF-MARKET
Estimated value
$23,865,000
Hotels
4140 Roosevelt NE Way, Seattle, WA 98105-6436
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1513024
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
50,017 SF
Lot
0.82 ac (35,807 SF)
Zoning code
SM-U 75-240 (M1)
APN
114200-1871
UPID
US90-1513024
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
-
University Inn - A Staypineapple Hotel Hotel & Motel
-
Dr Basamania Physician
-
i-Budget Auto Transport Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$23.68M
Blend (final)
Blend
$23.87M
Owner & transaction history
Onere Apartment Fund LLC · 1 yrs held
Onere Apartment Fund LLC
since 2025
Last sale
$26.9M
7 recorded transactions
Zoning & alternative use
SM-U 75-240 (M1) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$26.2M
+58.4%
Commercial (general)
$25.3M
+52.7%
Auto repair, garage
$20.6M
+24.2%
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
$31,095,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$16,575,000
Current use
RESTAURANT
$26,245,000
Change: +58% · Conversion: Difficult
COMMERCIAL (GENERAL)
$25,310,000
Change: +53% · Conversion: Difficult
AUTO REPAIR, GARAGE
$20,575,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$20,055,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$18,255,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$17,675,000
Change: +7% · Conversion: Difficult
MEDICAL BUILDING
$17,200,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$23.87M
Range $21.48M – $26.25M · ±10% · vs last sale $26.88M (Apr 10 2025)
Last sale anchor
$26.88M
Apr 10 2025
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
$477 / 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
$210,267
Tax year 2022
Assessed value
$25,065,900
Assessed 2022
Previous assessed
$25,065,900
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$25,064,900
Assessed improvement
$1,000
Land market value
$25,064,900
Improvement market value
$1,000
Total market value
$25,065,900
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
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
4
Total area
50,017 SF
Lot
0.82 ac (35,807 SF)
Zoning code
SM-U 75-240 (M1)
APN
114200-1871
UPID
US90-1513024
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SM-U 75-240 (M1) · Seattle, WA
Zoning SM-U 75-240 (M1) · permitted uses
SM-U 75-240 (M1) · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$16.6M
RESTAURANT
Est. value
$26.2M
COMMERCIAL (GENERAL)
Est. value
$25.3M
AUTO REPAIR, GARAGE
Est. value
$20.6M
RETAIL STORES
Est. value
$20.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$18.3M
OFFICE BUILDING
Est. value
$17.7M
MEDICAL BUILDING
Est. value
$17.2M
HOTEL/MOTEL Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL 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
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
4
Lot
0.82 ac
Current owner
From public records · entity-resolved
Onere Apartment Fund LLC
Entity
Mailing address
155 108TH AVE NE STE #500, BELLEVUE, WA 98004-5901
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2025
$26,875,000
Onere Apartment Fund LLC
Dream Legacy Pru Spe LLC
Bargain & Sale Deed
$19,000,000 · Pcf IV Lo Seattle LLC
Nov 6, 2015
—
Dream Legacy Pru Spe LLC
University Inn LLC
Quit Claim Deed
related
—
Oct 9, 2008
$21,654,600
University Inn LLC
Nootka Hotels INC
Special Warranty Deed
—
Jan 17, 2001
—
Nootka Hotels INC
—
Deed Of Trust
related
$10,000,000 · Washington Trust Bank
Aug 6, 1998
—
Nootka Holtels INC
Pine Corp
Quit Claim Deed
related
—
Apr 29, 1988
$1,100,000
Pine Corporation
Reese
Grant Deed
$803,000 · Seller
—
—
Nooktka Hotels INC
—
Deed Of Trust
related
$4,000,000 · Washington Trust 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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