New search
Property profile & analytics
OFF-MARKET
Estimated value
$6,385,000
Hotels
5316 Fry Terminal Rd, Anacortes, WA 98221-4043
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0042963
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1965
Total area
7,412 SF
Lot
1.74 ac (75,882 SF)
APN
3808-000-022-0002
UPID
US90-0042963
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
-
Ship Harbor Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.39M
Owner & transaction history
Sk Vista Hospitality LLC · 2 yrs held
Sk Vista Hospitality LLC
since 2023
Last sale
$6.6M
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 Anacortes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Anacortes 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
$5,945,000
ML approach
$6,335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.39M
Range $5.75M – $7.02M · ±10% · vs last sale $6.63M (Jul 31 2023)
Last sale anchor
$6.63M
Jul 31 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
$861 / 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
$12,148
Tax year 2023
Assessed value
$1,639,000
Assessed 2022
Previous assessed
$1,376,700
+19.1% YoY
Effective rate
0.74%
On assessed value
Assessed land
$426,900
Assessed improvement
$1,212,100
Land market value
$426,900
Improvement market value
$1,212,100
Total market value
$1,639,000
Applied tax rate
900.0000
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
1965
Heating
NONE
Total area
7,412 SF
Lot
1.74 ac (75,882 SF)
APN
3808-000-022-0002
UPID
US90-0042963
Jurisdiction
SKAGIT
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
1965
Heating
NONE
Lot
1.74 ac
Current owner
From public records · entity-resolved
Sk Vista Hospitality LLC
Entity
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2023
$6,625,000
Sk Vista Hospitality LLC
Mayvember Limited Liability Company
Warranty Deed
$430,000 · Summit State Bank
Dec 2, 2016
$4,250,000
Mayvember LLC
Ln Ship Harbor Inn INC
Warranty Deed
$3,360,000 · Unibank
Dec 12, 2011
—
Ci Oakhurst LLC
Yosemite Management Group LLC
Quit Claim Deed
related
—
May 4, 2005
$1,976,666
Yosemite Management Group LLC
Greathouse,glenn E SR & Jacquelyn L
Trustees Deed
$1,200,000 · Peoples Bank & Trust
—
—
Glenn E Greathouse
—
Deed Of Trust
related
$889,358 · Skagit State Bank
—
—
Glenn E Greathouse
—
Deed Of Trust
related
$770,676 · Key Bank NA
—
—
Ln Ship Harbor Inn INC
—
Deed Of Trust
related
$150,000 · Peoples Bank & Trust
—
—
Glenn E Greathouse
—
Deed Of Trust
related
$98,355 · Skagit State Bank
—
—
Glenn E Greathouse
—
Deed Of Trust
related
$76,912 · Skagit State 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5316 Fry Terminal Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
