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Property profile & analytics
OFF-MARKET
Estimated value
$1,580,000
Hotels
4460 3rd SE Ave, Lacey, WA 98503-1021
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-1396472
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2007
Construction
WOOD FRAME
Total area
48,427 SF
Lot
1.43 ac (62,291 SF)
APN
1181-74-10202
UPID
US90-1396472
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
$1.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$1.58M
Owner & transaction history
A R Hospitality INC · 11 yrs held
A R Hospitality INC
since 2014
7 recorded transactions
Zoning & alternative use
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 Lacey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lacey 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
$1,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,965,000
Current use
Blend value · Realmo final
$1.58M
Range $1.42M – $1.74M · ±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
$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 2023Property tax & assessments
Tax year 2023
Tax billed
$86,543
Tax year 2023
Assessed value
$9,110,600
Assessed 2022
Previous assessed
$7,527,000
+21.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$866,700
Assessed improvement
$8,243,900
Land market value
$866,700
Improvement market value
$8,243,900
Total market value
$9,110,600
Applied tax rate
241.0000
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
2007
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
4
Total area
48,427 SF
Lot
1.43 ac (62,291 SF)
APN
1181-74-10202
UPID
US90-1396472
Jurisdiction
THURSTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.0M
HOTEL/MOTEL Current
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
2007
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
4
Lot
1.43 ac
Current owner
From public records · entity-resolved
A R Hospitality INC
Entity
Mailing address
4460 3RD AVE SE, LACEY, WA 98503-1021
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2025
—
A R Hospitality INC
—
Deed
related
$4,300,000 · First Financial Northwest Bank
Apr 19, 2022
—
A R Hospitality INC
—
Deed
related
$999,100 · United States Small Business Admin
Dec 21, 2018
—
A R Hospitality INC
—
Deed
related
$200,000 · Kulendra Rami
Sep 10, 2014
—
A R Hospitality INC
Suk Am Kim
Warranty Deed
$4,500,000 · East West Bank
Dec 3, 2008
—
Hotel Concepts INC
Olympic Hospitality LLC
Quit Claim Deed
related
—
Dec 3, 2008
$7,530,100
Suk A Kim
Hotel Concepts INC
Warranty Deed
$4,900,000 · Cathay Bank
Jul 31, 2007
$1,000,000
Suk A Kim
Olympic Hospitality LLC
Warranty Deed
—
Nov 30, 2005
$1,177,253
Olympic Hospitality LLC
Helstrom Charitable Remainder
Warranty Deed
$398,230 · Han Kim
Nov 30, 2005
—
Charitable Remainder Helstrom
Helstrom,robert L & Yvonne E
Quit Claim Deed
related
—
—
—
A R Hospitality INC
—
Deed Of Trust
related
$200,000 · Kulendra Rami
—
—
Suk A Kim
—
Deed Of Trust
related
$4,650,000 · East West Bank
—
—
A R Hospitality INC
—
Deed Of Trust
related
$3,237,000 · Evergreen Busn Cap
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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