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Property profile & analytics
OFF-MARKET
Estimated value
$12,240,000
Motels
604 Patterson Lk Rd Winthrop, WA 98862
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-2302573
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1967
Total area
13,491 SF
Lot
69.53 ac (3,028,727 SF)
APN
3421060009
UPID
US90-2302573
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
-
Sun Mountain Lodge Hotel & Motel Resort
-
The Dining Room at Sun Mountain Lodge Restaurant
-
FLO Charging Station Electric Vehicle Charging Station
-
Tesla Destination Charger Electric Vehicle Charging Station
-
North Cascades Fly Fishing Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.24M
Owner & transaction history
Sml LLC · 4 yrs held
Sml LLC
since 2022
Last sale
$12.5M
3 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 Winthrop submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Winthrop 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
$11,715,000
ML approach
$9,320,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.24M
Range $11.02M – $13.46M · ±10% · vs last sale $12.50M (May 3 2022)
Last sale anchor
$12.50M
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
$907 / 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
Assessed value
$9,046,900
Assessed 2023
Previous assessed
$9,046,900
+0.0% YoY
Assessed land
$818,100
Assessed improvement
$8,228,800
Land market value
$818,100
Improvement market value
$8,228,800
Total market value
$9,046,900
Applied tax rate
314.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1967
Heating
NONE
Buildings
3
Stories
1
Total area
13,491 SF
Lot
69.53 ac (3,028,727 SF)
APN
3421060009
UPID
US90-2302573
Jurisdiction
OKANOGAN
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
1967
Heating
NONE
Stories
1
Buildings
3
Lot
69.53 ac
Current owner
From public records · entity-resolved
Sml LLC
Entity
Mailing address
1001 WESTLAKE AVE N, SEATTLE, WA 98109-3525
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2024
—
Double S Orchards LLC
—
Deed
related
$500,000 · Wheatland Bank
Feb 2, 2023
—
Sml LLC
—
Deed
related
$500,000 · North Cascades National Bank
May 3, 2022
$12,500,000
Sml LLC
Sun Mountain Resorts INC
Warranty Deed
$9,100,000 · Glacier 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.
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