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Property profile & analytics
OFF-MARKET
Estimated value
$1,090,000
Hotels
740 Washington St Sequim, WA 98382-3858
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-2858341
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1965
Total area
2,512 SF
Lot
0.64 ac (27,878 SF)
APN
330203190600000
UPID
US90-2858341
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
$1.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.09M
Owner & transaction history
Nirvay LLC · 1 yrs held
Nirvay LLC
since 2025
Last sale
$1.1M
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 Sequim submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sequim 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
$1,070,000
ML approach
$1,185,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.09M
Range $981k – $1.20M · ±10% · vs last sale $1.10M (Apr 15 2025)
Last sale anchor
$1.10M
Apr 15 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
$434 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$3,783
Tax year 2023
Assessed value
$483,447
Assessed 2022
Previous assessed
$492,902
-1.9% YoY
Effective rate
0.78%
On assessed value
Assessed land
$263,447
Assessed improvement
$220,000
Land market value
$263,447
Improvement market value
$220,000
Total market value
$483,447
Applied tax rate
20.0000
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
1965
Units
1
Total area
2,512 SF
Lot
0.64 ac (27,878 SF)
APN
330203190600000
UPID
US90-2858341
Jurisdiction
CLALLAM
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
1965
Units
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
Nirvay LLC
Entity
Mailing address
1510 E FRNT ST, PORT ANGELES, WA 98362-4627
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2025
$1,103,000
Nirvay LLC
Om Hospitality INC
Warranty Deed
$928,000 · Bbcn Bank
May 18, 2022
—
Joaim LLC
—
Deed
related
$1,497,075 · Sound Community Bank
Nov 24, 2021
$850,000
Om Hospitality INC
Ok H Wilkes
Warranty Deed
$630,000 · State Bank Of Texas
Jan 9, 2018
$472,000
Ok H Wilkes
S & B Development LLC
Special Warranty Deed
$350,000 · S&b Development LLC
Oct 24, 2016
$2,120,000
Joaim LLC
Sang B Baek
Warranty Deed
$1,450,000 · Bank Of Hope
Dec 7, 2015
$220,000
S&b Development LLC
Unibank
Bargain And Sale Deed
—
Jul 2, 2012
$620,000
Unibank
Samuel Woon Lee
Trustees Deed
related
—
Dec 12, 2011
$200,000
Richard J Hampal
Samuel Woon Lee
Warranty Deed
—
Apr 29, 2011
—
Samuel Woon Lee
Liz Myung Kim
Quit Claim Deed
related
—
Jul 28, 2009
—
Samuel Woon Lee
Samuel Woon Lee
Quit Claim Deed
related
—
Oct 12, 2007
$850,000
Samuel Woon Lee
Su Kim Kil
Warranty Deed
$175,000 · Unibank
Jul 11, 2006
$450,000
Su Kim Kil
Eui Ho Shin
Warranty Deed
$611,315 · City Bank
Jun 24, 2005
$430,000
Eui Ho Shin
Great House Investments LLC
Warranty Deed
$427,419 · City 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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