New search
Property profile & analytics
OFF-MARKET
Estimated value
$14,625,000
Hotels
7200 Fun Ctr Way, Tukwila, WA 98188-5508
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-3355803
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2002
Construction
CONCRETE
Total area
88,137 SF
Lot
3.57 ac (155,710 SF)
Zoning code
C/LI
APN
242304-9013
UPID
US90-3355803
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
$9.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.63M
Owner & transaction history
Charles Musang · 2 yrs held
Charles Musang
since 2023
Last sale
$16.8M
7 recorded transactions
Zoning & alternative use
C/LI · Tukwila, 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 Tukwila submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tukwila 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
$15,970,000
ML approach
$9,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$14.63M
Range $13.16M – $16.09M · ±10% · vs last sale $16.75M (Oct 24 2023)
Last sale anchor
$16.75M
Oct 24 2023
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
$166 / 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
$178,636
Tax year 2022
Assessed value
$16,542,500
Assessed 2022
Previous assessed
$16,542,500
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$2,250,000
Assessed improvement
$14,292,500
Land market value
$2,250,000
Improvement market value
$14,292,500
Total market value
$16,542,500
Applied tax rate
2,426.0000
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
2002
Construction
CONCRETE
Heating
HEAT PUMP
Stories
4
Total area
88,137 SF
Lot
3.57 ac (155,710 SF)
Zoning code
C/LI
APN
242304-9013
UPID
US90-3355803
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C/LI · Tukwila, WA
Zoning C/LI · permitted uses
C/LI · Tukwila, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tukwila. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2002
Construction
CONCRETE
Heating
HEAT PUMP
Stories
4
Lot
3.57 ac
Current owner
From public records · entity-resolved
Charles Musang
Individual
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2025
—
Charles Musang Lee
—
Deed
related
$3,000,000 · Wells Fargo Bank NA
Oct 24, 2023
—
Charles Musang
Charles M Lee
Intrafamily Transfer
related
—
May 26, 2023
—
Charles M Lee
—
Deed
related
$13,000,000 · Wells Fargo Bank NA
Mar 26, 2018
—
Charles M Lee
—
Deed
related
$14,146,500 · Unibank
Feb 15, 2017
—
Charles M Lee
Charles Musang Lee
Intrafamily Transfer
related
$13,373,750 · First Technology Federal Cu
Jul 25, 2007
$16,750,000
Charles E Lee
H2 Hotel LLC
Warranty Deed
$12,300,000 · United Commercial Bank
Mar 19, 2002
—
H2 Hotel LLC
—
Trustees Deed
related
$5,000,000 · First Mutual Bank
Mar 29, 2000
—
Family Fun Centers Tukwila LLC
Huish Family Fun Centers INC
Quit Claim Deed
related
$3,000,000 · Bank Of America
Aug 6, 1997
$2,082,500
Huish Family Fun Centers INC
Nielsen,margaret & Richard
Grant Deed
—
May 2, 1997
$1,500
Margaret Nielsen
Helen M Burrell Estate
Quit Claim Deed
related
—
—
—
Charles E Lee
—
Deed Of Trust
related
$4,793,557 · Bbu Bank
—
—
Charles E Lee
—
Deed Of Trust
related
$7,100,000 · Bbu Bank
—
—
Charles M Lee
—
Deed Of Trust
related
$14,146,500 · Unibank
—
—
H2 Hotel LLC
—
Deed Of Trust
related
$5,500,000 · Frontier 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?”
You own 7200 Fun Ctr Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
