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Property profile & analytics
OFF-MARKET
Estimated value
$5,890,000
Motels
5201 20th E St, Fife, WA 98424-1915
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0650293
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1970
Construction
WOOD FRAME
Total area
12,160 SF
Lot
2.21 ac (96,311 SF)
Zoning code
REGIONAL C
APN
320121066
UPID
US90-0650293
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
$5.99M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.53M
Blend (final)
Blend
$5.89M
Owner & transaction history
Veer Hospitality Tacoma LLC · 4 yrs held
Veer Hospitality Tacoma LLC
since 2022
Last sale
$5.9M
7 recorded transactions
Zoning & alternative use
REGIONAL C · Fife, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.1M
+106.5%
Neighborhood: shopping center
$5.2M
+31.2%
Restaurant
$4.8M
+21.1%
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 Fife submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fife 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
$6,110,000
ML approach
$5,990,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,930,000
Current use
COMMERCIAL (GENERAL)
$8,115,000
Change: +107% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,155,000
Change: +31% · Conversion: Difficult
RESTAURANT
$4,760,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,490,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$3,670,000
Change: -7% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,645,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$5.89M
Range $5.30M – $6.48M · ±10% · vs last sale $5.90M (May 3 2022)
Last sale anchor
$5.90M
May 3 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
$484 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$40,765
Tax year 2024
Assessed value
$4,289,000
Assessed 2024
Previous assessed
$4,289,000
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$2,559,200
Assessed improvement
$1,729,800
Land market value
$2,559,200
Improvement market value
$1,729,800
Total market value
$4,289,000
Applied tax rate
66.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1970
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
2
Units
44
Total area
12,160 SF
Lot
2.21 ac (96,311 SF)
Zoning code
REGIONAL C
APN
320121066
UPID
US90-0650293
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
REGIONAL C · Fife, WA
Zoning REGIONAL C · permitted uses
REGIONAL C · Fife, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fife. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$8.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.2M
RESTAURANT
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$4.5M
RETAIL STORES
Est. value
$3.7M
WAREHOUSE, STORAGE
Est. value
$3.6M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1970
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
4
Units
44
Lot
2.21 ac
Current owner
From public records · entity-resolved
Veer Hospitality Tacoma LLC
Entity
Mailing address
3455 E LA PALMA AVE STE #101, ANAHEIM, CA 92806-2004
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
May 3, 2022
$5,904,250
Veer Hospitality Tacoma LLC
G6 Hospitality Property LLC
Warranty Deed
$4,272,800 · First Fed Bank
Sep 14, 2021
—
G6 Hospitality Property LLC
—
Deed
related
$685,000,000 · Goldman Sachs Bank USA
Sep 21, 2017
—
G6 Hospitality Property LLC
—
Deed
related
$2,075,000,000 · Jp Morgan Chase Bk
Aug 17, 2017
—
G6 Hospitality Property LLC
—
Deed
related
$2,010,000,000 · Jp Morgan Chase Bk
Oct 25, 2012
—
G6 Hospitality Property LLC
Motel 6 Operating LP
Limited Warranty Deed
—
Jun 28, 1989
$500
Motel 6 Operating LP 93
Unknown
Grant Deed
related
—
—
—
G6 Hospitality Property LLC
—
Deed Of Trust
related
$1,800,000,000 · German American Cap
—
—
G6 Hospitality Property LLC
—
Deed Of Trust
related
$2,010,000,000 · Jp Morgan Chase Bk
—
—
G6 Hospitality Property LLC
—
Loan Modification
related
$2,075,000,000 · Jp Morgan Chase Bk
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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