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Property profile & analytics
OFF-MARKET Estimated value $1,640,000
Motels

616 Heron St Aberdeen, WA 98520-6024

27,142 SF 0.9 ac lot Built 1967
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US90-3230035
Property summary
AI-generated overview

This exceptional 54-key hotel presents a compelling investment opportunity, recently reduced in price. Located in Aberdeen, Washington, this two-building, two-story property sits on a 0.9-acre lot and boasts extensive renovations completed in 2022. The property includes a lobby, business center, and ample meeting/event space, making it ideal for both business and leisure travelers. A significant advantage is the inclusion of a recently renovated approximately 1100 square foot owner's suite featuring two bedrooms, two bathrooms, and a full kitchen, perfect for owner-operators or on-site management. The hotel's 54 keys offer a mix of room types including King Deluxe, King Double Deluxe, Queen Double Deluxe, Kitchen Suites, and Family Suites, each equipped with amenities such as mini-refrigerators, microwaves, coffee makers, flat-screen televisions with premium channels, high-speed Wi-Fi, and individual climate control. Situated near the Grays Harbor Port and a major redevelopment project exceeding $100 million, the hotel benefits from significant industrial demand drivers and excellent visibility and access from Highway 101. Its proximity to downtown Aberdeen, restaurants, galleries, museums, and shopping further enhances its appeal. Built in 1967, this property offers significant upside potential, including the possibility of franchising to align with a recognized brand and leverage its marketing and support systems. The property's location in a Washington State Opportunity Zone adds another layer of investment attractiveness. All information is obtained from sources deemed reliable but is subject to buyer verification. The property's APN is 029406700700.

Property profile
Verified
Property type Motels
Use group MOTEL
Year built 1967
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 27,142 SF
Lot 0.9 ac (39,204 SF)
APN 29406700700
UPID US90-3230035
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
$1.61M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.64M
Owner & transaction history
Jsn Lodging INC · 6 yrs held
Jsn Lodging INC
since 2019
6 recorded transactions
2019
$2.2M
2007
$2.0M
2005
$2.0M
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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