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Property profile & analytics
OFF-MARKET
Hotels
56th St, WA
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-2564774
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot
0.03 ac (1,188 SF)
Zoning code
C-1
APN
4000990040
UPID
US90-2564774
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gig Harbor Innvestments LLC · 8 yrs held
Gig Harbor Innvestments LLC
since 2018
6 recorded transactions
Zoning & alternative use
C-1 · 56th St, WA
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 56th St submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 56th St 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$251
Tax year 2024
Assessed value
$28,300
Assessed 2024
Previous assessed
$28,300
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$25,700
Assessed improvement
$2,600
Land market value
$25,700
Improvement market value
$2,600
Total market value
$28,300
Applied tax rate
75.0000
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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Lot
0.03 ac (1,188 SF)
Zoning code
C-1
APN
4000990040
UPID
US90-2564774
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
C-1 · 56th St, WA
Zoning C-1 · permitted uses
C-1 · 56th St, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
56th St. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Lot
0.03 ac
Current owner
From public records · entity-resolved
Gig Harbor Innvestments LLC
Entity
Mailing address
16114 E INDIANA AVE STE #200, SPOKANE VALLEY, WA 99216-1874
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2018
—
Gig Harbor Innvestments LLC
High Point Holdings L L C
Special Warranty Deed
$5,500,000 · Mountain America Cu
Nov 3, 1999
—
High Point Holdings LLC
Perrow,wade & Beth
Quit Claim Deed
related
—
Jun 3, 1998
—
Wade H Perrow
—
Deed Of Trust
related
$4,300,000 · Kitsap Bank
Apr 14, 1997
—
Wade J Perrow
—
Deed Of Trust
related
$3,600,000 · Kitsap Bank
—
—
High Point Holdings LLC
—
Deed Of Trust
related
$800,000 · Wade H & Elizabeth A Perrow
—
—
High Point Holdings LLC
—
Deed Of Trust
related
$677,000 · Wade H & Elizabeth A Perrow
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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