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Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Hotels
4704 Park Ctr NE Ave Lacey, WA 98516-5587
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US90-1367712
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1996
Construction
WOOD FRAME
Total area
29,981 SF
Lot
1.3 ac (56,628 SF)
APN
7608-00-00101
UPID
US90-1367712
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
$685k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.02M
Owner & transaction history
Andrew Rich Corporation · 14 yrs held
Andrew Rich Corporation
since 2012
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
$685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,215,000
Current use
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±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
$34 / 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
$54,346
Tax year 2023
Assessed value
$5,720,700
Assessed 2022
Previous assessed
$4,768,000
+20.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$846,400
Assessed improvement
$4,874,300
Land market value
$846,400
Improvement market value
$4,874,300
Total market value
$5,720,700
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
1996
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
3
Total area
29,981 SF
Lot
1.3 ac (56,628 SF)
APN
7608-00-00101
UPID
US90-1367712
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
$1.2M
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
1996
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
3
Lot
1.3 ac
Current owner
From public records · entity-resolved
Andrew Rich Corporation
Entity
Mailing address
4704 PARK CTR AVE NE, LACEY, WA 98516-5587
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2012
$5,000,000
Andrew Rich Corporation
Joel King
Warranty Deed
$2,770,000 · Peoples Bank
Apr 2, 2007
$6,210,000
Joel King
Kim,in K & Mi A
Warranty Deed
$2,963,480 · Cathay Bank
Jun 27, 2005
$4,200,000
In K Kim
Sonmar Inn Of Lacey LLC
Warranty Deed
$2,329,000 · Nara Bank
Apr 12, 1995
—
Sonmar Inn Of Lacey
—
Grant Deed
related
$2,100,000 · Anchor Savings Bank
—
—
Sonmar Inn Of Lacey LLC
—
Deed Of Trust
related
$2,400,000 · John Hancock Mutual Life Ins
—
—
In K Kim
—
Deed Of Trust
related
$1,526,000 · Northwest Busn Dev Assn
—
—
Andrew Rich Corp
—
Deed Of Trust
related
$1,348,000 · Northwest Busn Dev Assn
—
—
In K Kim
—
Deed Of Trust
related
$195,000 · Nara 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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