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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Motels
504 Perry Ave Hoquiam, WA 98550-1044
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0929549
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1954
Construction
STEEL FRAME
Total area
4,600 SF
Lot
0.38 ac (16,553 SF)
APN
55401700100
UPID
US90-0929549
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
-
Shiny Motel Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$830k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$660k
Blend (final)
Blend
$855k
Owner & transaction history
Hickory Falls LLC · 3 yrs held
Hickory Falls LLC
since 2023
Last sale
$828,750
4 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 Hoquiam submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hoquiam 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
$855,000
ML approach
$830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$855k
Range $770k – $941k · ±10% · vs last sale $829k (Aug 11 2023)
Last sale anchor
$829k
Aug 11 2023
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
$186 / 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
$2,986
Tax year 2023
Assessed value
$270,104
Assessed 2022
Previous assessed
$211,070
+28.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$69,556
Assessed improvement
$200,548
Land market value
$69,556
Improvement market value
$200,548
Total market value
$270,104
Applied tax rate
28.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1954
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
12
Total area
4,600 SF
Lot
0.38 ac (16,553 SF)
APN
55401700100
UPID
US90-0929549
Jurisdiction
GRAYS HARBOR
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1954
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
12
Lot
0.38 ac
Current owner
From public records · entity-resolved
Hickory Falls LLC
Entity
Mailing address
117 M ST, HOQUIAM, WA 98550-2224
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2023
$828,718
Hickory Falls LLC
Rotem Tree LLC
Warranty Deed
$500,000 · Bank Of The Pacific
Dec 5, 2017
$280,000
Rotem Tree LLC
Kim,howard & Cindy
Warranty Deed
$140,000 · Howard & Cindy Kim
Feb 24, 2010
$280,000
Howard Kim
Kim,byung-mook & Soon-yi
Warranty Deed
$180,000 · Byung-mook & Soon-yi Kim
—
—
Howard Kim
—
Deed Of Trust
related
$203,000 · Unibank
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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