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Property profile & analytics
FOR SALE
Hotels
602 North Main St, Coupeville, WA 98239
Entity Owned
18-yr Hold
Property ID
US90-1159802
For Sale
$599,998
602 North Main St, Coupeville, WA 98239
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1889
Total area
2,004 SF
Lot
0.14 ac (6,098 SF)
Zoning code
CP
APN
R13233-279-3910
UPID
US90-1159802
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
-
The Inn at Penn Cove Hotel & Motel Bed & Breakfast
-
Phad Thai Restaurant
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
Howard LP Of Inn/penn Cove · 18 yrs held
Howard LP Of Inn/penn Cove
since 2007
4 recorded transactions
Zoning & alternative use
CP · Coupeville, 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 Coupeville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coupeville 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
Property tax & assessments
Assessed value
$823,187
Assessed 2023
Previous assessed
$649,454
+26.8% YoY
Assessed land
$200,000
Assessed improvement
$623,187
Land market value
$200,000
Improvement market value
$623,187
Total market value
$823,187
Applied tax rate
300.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
For Sale
Year built
1889
Heating
OTHER
Buildings
2
Stories
2
Bathrooms
4
Total area
2,004 SF
Lot
0.14 ac (6,098 SF)
Zoning code
CP
APN
R13233-279-3910
UPID
US90-1159802
Jurisdiction
ISLAND
Zoning & alternative use
CP · Coupeville, WA
Zoning CP · permitted uses
CP · Coupeville, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Coupeville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1889
Heating
OTHER
Stories
2
Buildings
2
Bathrooms
4
Lot
0.14 ac
Current owner
From public records · entity-resolved
Howard LP Of Inn/penn Cove
Entity
Mailing address
1837 SCHOONER LN, OAK HARBOR, WA 98277-8515
Ownership since
2007
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
Jul 3, 2007
$645,000
Howard LP Of Inn/penn Cove
Cunningham,susan
Warranty Deed
$440,000 · Whidbey Island Bank
Dec 20, 2005
$440,000
Susan Cunningham
Paul A Mendes
Warranty Deed
$352,000 · Americas Wholesale Lender
Jun 7, 2005
—
Heidi Hennessey
Bargh,simon
Quit Claim Deed
related
—
Jun 6, 2005
—
Paul A Mendes
Heidi Hennessey
Intrafamily Transfer
related
$321,000 · Peoples 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?”
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