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Property profile & analytics
OFF-MARKET
Estimated value
$15,750,000
Hotels
72nd Ave, S, WA
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1486301
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1999
Construction
FRAME
Total area
57,459 SF
Lot
4.15 ac (180,684 SF)
Zoning code
I1
APN
358529-0010
UPID
US90-1486301
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
$15.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.75M
Owner & transaction history
Veer Hospitality Seattle LLC · 2 yrs held
Veer Hospitality Seattle LLC
since 2024
Last sale
$15.8M
6 recorded transactions
Zoning & alternative use
I1 · S, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$22.7M
+18.0%
Retail stores
$22.5M
+17.2%
Industrial (general)
$21.9M
+13.9%
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 S submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs S 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
$15,750,000
ML approach
$15,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$19,235,000
Current use
MEDICAL BUILDING
$22,695,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$22,540,000
Change: +17% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$21,915,000
Change: +14% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$19,920,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$19,850,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$15.75M
Range $14.18M – $17.33M · ±10% · vs last sale $15.75M (Apr 4 2024)
Last sale anchor
$15.75M
Apr 4 2024
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
$274 / 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
$221,613
Tax year 2024
Assessed value
$18,395,700
Assessed 2023
Previous assessed
$18,395,700
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$5,420,500
Assessed improvement
$12,975,200
Land market value
$5,420,500
Improvement market value
$12,975,200
Total market value
$18,395,700
Applied tax rate
1,514.0000
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
1999
Construction
FRAME
Heating
CENTRAL
Buildings
3
Stories
2
Total area
57,459 SF
Lot
4.15 ac (180,684 SF)
Zoning code
I1
APN
358529-0010
UPID
US90-1486301
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
I1 · S, WA
Zoning I1 · permitted uses
I1 · S, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
S. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$19.2M
MEDICAL BUILDING
Est. value
$22.7M
RETAIL STORES
Est. value
$22.5M
INDUSTRIAL (GENERAL)
Est. value
$21.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$19.9M
COMMERCIAL (GENERAL)
Est. value
$19.9M
HOTEL/MOTEL Current
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
FRAME
Heating
CENTRAL
Stories
2
Buildings
3
Lot
4.15 ac
Current owner
From public records · entity-resolved
Veer Hospitality Seattle LLC
Entity
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2024
$15,750,000
Veer Hospitality Seattle LLC
Bre Select Hotels Properties LLC
Bargain And Sale Deed
$11,000,000 · United Security Bank
May 17, 2013
—
Bre Select Hotels Properties LLC
Bre Select Hotels Pa LLC
Limited Warranty Deed
—
Dec 22, 2006
$500,000
Hare Dev LLC
Apple Six Hospitality Ownershi
Quit Claim Deed
related
—
Dec 29, 2005
$7,662,500
Apple Six Hospitality Ownershi
Stonebrook Kent LLC
Warranty Deed
—
—
—
Bre Select Hotels Props LLC|bre Select Hotels Oper
—
Deed Of Trust
related
—
—
—
Bre Select Hotels Props 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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