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Property profile & analytics
OFF-MARKET
Estimated value
$27,065,000
Hotels
7575 164th NE Ave, Redmond, WA 98052-7807
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0363237
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1998
Construction
CONCRETE
Total area
113,672 SF
Lot
2.85 ac (124,146 SF)
Zoning code
TWNC
APN
720241-0060
UPID
US90-0363237
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
-
7575 164th Ave NE Parking Parking Lot & Garage
-
Residence Inn Seattle East/Redmond Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$27.07M
CAP Approach
CAP
$22.21M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$27.07M
Owner & transaction history
Chc Redmond Owner LLC · 1 yrs held
Chc Redmond Owner LLC
since 2024
Last sale
$27.1M
7 recorded transactions
Zoning & alternative use
TWNC · Redmond, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$44.9M
+18.0%
Retail stores
$44.6M
+17.2%
Industrial (general)
$43.4M
+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 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
$27,065,000
ML approach
$27,065,000
CAP Approach
CAP Return
Estimation
6%
$24,055,000
6.5%
$22,205,000
7%
$20,615,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$38,055,000
Current use
MEDICAL BUILDING
$44,900,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$44,590,000
Change: +17% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$43,350,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$27.07M
Range $24.36M – $29.77M · ±10% · vs last sale $27.07M (Sep 4 2024)
Last sale anchor
$27.07M
Sep 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
$238 / 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
$361,769
Tax year 2024
Assessed value
$39,049,200
Assessed 2023
Previous assessed
$39,049,200
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$15,518,200
Assessed improvement
$23,531,000
Land market value
$15,518,200
Improvement market value
$23,531,000
Total market value
$39,049,200
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
1998
Construction
CONCRETE
Heating
GAS
Cooling
AC.PACKAGE
Stories
6
Total area
113,672 SF
Lot
2.85 ac (124,146 SF)
Zoning code
TWNC
APN
720241-0060
UPID
US90-0363237
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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$38.1M
MEDICAL BUILDING
Est. value
$44.9M
RETAIL STORES
Est. value
$44.6M
INDUSTRIAL (GENERAL)
Est. value
$43.4M
HOTEL/MOTEL Current
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (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
1998
Construction
CONCRETE
Heating
GAS
Cooling
Yes
Stories
6
Lot
2.85 ac
Current owner
From public records · entity-resolved
Chc Redmond Owner LLC
Entity
Mailing address
PO BOX 3956TH CHICAGO
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2024
$27,065,000
Chc Redmond Owner LLC
Bre Newton Hotels Property Owner Ll
Bargain And Sale Deed
$20,000,000 · Jackson National Life Insurance Com
Jul 14, 2017
—
Bre Newton Hotels Prop Owner L
Lion Es Hotels Holdings LLC
Grant Deed
related
—
Aug 14, 2014
$47,706,595
Bre Netwon Hotels Property Owner Ll
Lion Es Hotels Holdings LLC
Warranty Deed
$570,000,000 · Greman American Capital Corporation
Jun 1, 2007
—
Lion Es Hotels Holdings LP
Aht Redmond INC
Special Warranty Deed
$567,700,000 · Wachovia Bank NA
Jan 22, 2003
$26,910
Aht Redmond INC
Redinn Hotel LP
Grant Deed
—
Mar 25, 1998
—
Redinn Hotel LP
—
Deed Of Trust
related
—
Sep 3, 1997
$2,800,000
Redinn Hotel LP
Town Center Associates
Grant Deed
$2,100,000 · Compass Bank
—
—
Redinn Hotel LP
—
Deed Of Trust
related
$20,500,000 · Gmac Commercial Mortgage Corp
—
—
Lion Es Hotels Holdings LLC
—
Deed Of Trust
related
$335,000,000 · Bank Of America
—
—
Bre Newton Hotels Prop Owner L
—
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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