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Property profile & analytics
OFF-MARKET
Estimated value
$5,170,000
Hotels
702 Harrison Ave, Centralia, WA 98531-2110
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-3172250
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1971
Construction
WOOD
Total area
18,786 SF
Lot
1.79 ac (77,972 SF)
APN
3416035009
UPID
US90-3172250
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
$5.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.17M
Owner & transaction history
Centralia 86 LLC · 1 yrs held
Centralia 86 LLC
since 2025
Last sale
$5.3M
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 Centralia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Centralia 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
$5,090,000
ML approach
$5,085,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.17M
Range $4.65M – $5.69M · ±10% · vs last sale $5.25M (Apr 21 2025)
Last sale anchor
$5.25M
Apr 21 2025
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
$275 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$14,483
Tax year 2024
Assessed value
$2,214,200
Assessed 2023
Previous assessed
$2,214,200
+0.0% YoY
Effective rate
0.65%
On assessed value
Assessed land
$779,700
Assessed improvement
$1,434,500
Land market value
$779,700
Improvement market value
$1,434,500
Total market value
$2,214,200
Applied tax rate
1.0000
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
1971
Construction
WOOD
Heating
FORCED AIR
Stories
2
Total area
18,786 SF
Lot
1.79 ac (77,972 SF)
APN
3416035009
UPID
US90-3172250
Jurisdiction
LEWIS
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
1971
Construction
WOOD
Heating
FORCED AIR
Stories
2
Lot
1.79 ac
Current owner
From public records · entity-resolved
Centralia 86 LLC
Entity
Mailing address
12707 NE 124TH ST, KIRKLAND, WA 98034-8307
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
25 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2025
—
Centralia 86 LLC
—
Deed
related
$7,083,000 · Dlp Lending Fund LLC
Apr 21, 2025
—
Centralia 86 LLC
Centralia 86 LLC
Quitclaim Deed
related
—
Apr 7, 2025
$281,599
Centralia 86 LLC
Centralia 86 LLC
Quitclaim Deed
related
$7,083,000 · Dlp Lending Fund LLC
Jul 23, 2024
—
Centralia 86 Sig LLC
Centralia 86 LLC
Quit Claim Deed
related
—
Apr 26, 2024
—
Centralia 86 LLC
Absaroka North LLC
Warranty Deed
—
May 15, 2023
—
Centralia 86 LLC
—
Deed
related
$6,200,000 · Pacific Alliance Bank
Feb 15, 2023
$5,251,100
Centralia 86 LLC
Shivaji Investment LLC
Warranty Deed
$6,200,000 · Pacific Alliance Bank
Mar 25, 2020
—
Shivaji Investment LLC
—
Deed
related
$100,000 · Kevin Mchale
Jan 25, 2017
$1,495,000
Shivaji Investment LLC
Garima Hospitality LLC
Warranty Deed
—
May 4, 2011
—
Wib Properties-centralia I LLC
Whidbey Island Bk
Grant Deed
—
May 4, 2011
$850,000
Garima Hospitality LLC
Wib Properties-centralia LLC
Grant Deed
—
Mar 2, 2011
$982,200
Whidbey Island Bk
Gilbert Jeffrey P
Trustees Deed
related
—
May 23, 2008
$800,000
Chandra Investments LLC
Chandra Holdings INC
Quit Claim Deed
related
—
May 23, 2008
$3,200,000
Guru Gobind Singh LLC
Chandra Investment LLC
Trustees Deed
$2,756,515 · City Bank
Sep 11, 2006
—
Chandra Holdings INC
Wuerth Family LP
Warranty Deed
$530,000 · Pacific International Bank
Apr 17, 2006
$1,100,000
Owner Name Unavailable
Wuerth Family LP
Grant Deed
related
—
Oct 15, 2004
—
Wuerth Family
Wuerth,michael D
Quit Claim Deed
related
—
—
—
Chandra Holdings INC
—
Deed Of Trust
related
$3,000,000 · Saehan Bank
—
—
Chandra Investment LLC
—
Deed Of Trust
related
$280,000 · Kishore & Daya W Chandra
—
—
Shivaji Investment LLC
—
Deed Of Trust
related
$1,642,500 · State Nebraska Bk&tr
—
—
Shivaji Investment LLC
—
Deed Of Trust
related
$100,000 · Kevin Mchale
—
—
Chandra Investment LLC
—
Deed Of Trust
related
$10 · Pacific International Bank
—
—
Chandra Investment LLC
—
Deed Of Trust
related
$10 · Cholock Investments LLC
—
—
Chandra Holdings INC
—
Deed Of Trust
related
$2,480,000 · City Bank
—
—
Chandra Investment LLC
—
Deed Of Trust
related
$10 · Pacific International 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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