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Property profile & analytics
OFF-MARKET
Estimated value
$30,010,000
Hotels
7401 164th NE Ave, Redmond, WA 98052-7829
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1737464
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2003
Construction
CONCRETE
Total area
246,239 SF
Lot
2.37 ac (103,237 SF)
Zoning code
TWNC
APN
720241-0080
UPID
US90-1737464
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
-
Tesla Destination Charger Electric Vehicle Charging Station
-
Brown's Stockyard Exchange Restaurant
-
Seattle Marriott Redmond Hotel & Motel
-
Redmar Property Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$30.01M
Owner & transaction history
7401 164th Ave Ne Ground Owner LLC · 4 yrs held
7401 164th Ave Ne Ground Owner LLC
since 2022
Last sale
$28.5M
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
Method
Estimation
Statistic approach
$25,385,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$30.01M
Range $27.01M – $33.01M · ±10% · vs last sale $28.50M (Apr 8 2022)
Last sale anchor
$28.50M
Apr 8 2022
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
$122 / 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
$428,645
Tax year 2022
Assessed value
$58,397,600
Assessed 2022
Previous assessed
$58,397,600
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$12,904,600
Assessed improvement
$45,493,000
Land market value
$12,904,600
Improvement market value
$45,493,000
Total market value
$58,397,600
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
2003
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
7
Total area
246,239 SF
Lot
2.37 ac (103,237 SF)
Zoning code
TWNC
APN
720241-0080
UPID
US90-1737464
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
2003
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
7
Lot
2.37 ac
Current owner
From public records · entity-resolved
7401 164th Ave Ne Ground Owner LLC
Entity
Mailing address
888 7TH AVE, NEW YORK, NY 10106-0001
Ownership since
2022
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 8, 2022
$28,500,000
7401 164th Ave Ne Ground Owner LLC
Ab Fh Redmond Owner LLC
Bargain And Sale Deed
$22,750,000 · Wells Fargo Bank NA
Apr 8, 2022
—
Ab Fh Redmond Owner LLC
7401 164th Ave Ne Ground Owner LLC
Lease
—
Sep 6, 2019
—
Ab Fh Redmond Owner LLC
—
Deed
related
$48,000,000 · Invesco Cmi Invs LP
Mar 1, 2018
$65,600,000
Ab Fh Redmond Owner LLC
Bre Select Hotels Redmond LLC
Trustees Deed
$43,500,000 · Invesco Cmi Invs LP
Jul 14, 2017
—
Bre Select Hotels Redmond LLC
—
Deed
related
—
May 17, 2013
—
Bre Select Hotels Redmond LLC
Bre Select Hotels Pa Holdings
Quit Claim Deed
—
Jul 19, 2004
$55,560
Apple Six Hospitality INC
Redmar Property LP
Grant Deed
—
Aug 30, 2002
$6,025,000
Redmar Property LP
Ppr Redmond Retail LLC
Grant Deed
related
—
Feb 23, 1999
$47,503,200
Ppr Redmond Retail LLC
Town Centers Associates
Grant Deed
$65,000,000 · Safeco Life Insurance Co
—
—
Ab Fh Redmond Owner LLC
—
Deed Of Trust
related
$48,000,000 · Invesco Cmi Invs LP
—
—
Bre Select Hotels Redmond LLC
—
Deed Of Trust
related
—
—
—
Bre Select Hotels Redmond LLC
—
Deed Of Trust
related
—
—
—
Redmar Property LP
—
Deed Of Trust
related
$27,000,000 · Compass Bank Ttee
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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