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Property profile & analytics
OFF-MARKET
Estimated value
$20,685,000
Hotels
7200 164th NE Ave, Redmond, WA 98052-7822
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-0780532
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2017
Construction
CONCRETE
Total area
198,281 SF
Lot
0.94 ac (40,738 SF)
Zoning code
TWNC
APN
720241-0040
UPID
US90-0780532
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
-
Archer Hotel Redmond Hotel & Motel
-
AKB, a hotel bar Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.69M
Owner & transaction history
New Cingular Wireless Pcs LLC · 1 yrs held
New Cingular Wireless Pcs LLC
since 2024
7 recorded transactions
Zoning & alternative use
TWNC · Redmond, 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 Redmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redmond 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
$104 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$252,880
Tax year 2022
Assessed value
$34,450,800
Assessed 2022
Previous assessed
$34,450,800
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$5,092,200
Assessed improvement
$29,358,600
Land market value
$5,092,200
Improvement market value
$29,358,600
Total market value
$34,450,800
Applied tax rate
2,025.0000
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
2017
Construction
CONCRETE
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
7
Total area
198,281 SF
Lot
0.94 ac (40,738 SF)
Zoning code
TWNC
APN
720241-0040
UPID
US90-0780532
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TWNC · Redmond, WA
Zoning TWNC · permitted uses
TWNC · Redmond, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Redmond. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2017
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
7
Lot
0.94 ac
Current owner
From public records · entity-resolved
New Cingular Wireless Pcs LLC
Entity
Free & Clear · 1 yrs held
Mailing address
8100 E 22ND ST N BLDG #500, WICHITA, KS 67226-2305
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2024
—
New Cingular Wireless Pcs LLC
Redmond Lw Hotel Associates LP
Deed
—
Mar 25, 2020
—
Redmond Lw Hotel Associates LP
—
Deed
related
$250,000 · American Equity Bank
Sep 15, 2016
$8,000,000
Redmond Lw Hotel Associates LP
G & I Vii Redmond Retail LLC
Grant Deed
—
Jul 19, 2004
—
Ppr Redmond Retail LLC
—
Deed Of Trust
related
$75,000,000 · Metropolitan Life Insurance
Feb 23, 1999
$47,503,200
Ppr Redmond Retail LLC
Town Centers Associates
Grant Deed
$65,000,000 · Safeco Life Insurance Co
—
—
Ppr Redmond Retail LLC
—
Deed Of Trust
related
—
—
—
G & I Vii Redmond Retail LLC
—
Loan Modification
related
$92,090,000 · Bank Of America
—
—
G & I Vii Redmond Retail LLC
—
Deed Of Trust
related
$67,200,000 · Bank Of America
—
—
Ppr Redmond Retail LLC
—
Deed Of Trust
related
—
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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