New search
Property profile & analytics
OFF-MARKET
Estimated value
$76,205,000
Hotels
800 Fairview N Ave, Seattle, WA 98109-4412
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-1541327
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1990
Construction
WOOD
Total area
282,863 SF
Lot
1.63 ac (71,202 SF)
Zoning code
SM-SLU 145
APN
198420-0065
UPID
US90-1541327
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
-
Residence Inn Seattle Downtown/Lake Union Hotel & Motel
-
Seattle limo-limousine Service Limousine Service
-
Seattle Party Bus Limo Limousine Service Bus Company
-
Regency Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$65.12M
Blend (final)
Blend
$76.21M
Owner & transaction history
Apple Nine Seattle Fee Owner INC · 4 yrs held
Apple Nine Seattle Fee Owner INC
since 2021
Last sale
$80.0M
5 recorded transactions
Zoning & alternative use
SM-SLU 145 · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$116.4M
+24.2%
Office building
$115.8M
+23.5%
Retail stores
$113.4M
+21.0%
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 Seattle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seattle 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
$79,700,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$93,730,000
Current use
AUTO REPAIR, GARAGE
$116,375,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$115,765,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$113,425,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$100,320,000
Change: +7% · Conversion: Difficult
MEDICAL BUILDING
$97,260,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$76.21M
Range $68.58M – $83.83M · ±10% · vs last sale $80.00M (Aug 17 2021)
Last sale anchor
$80.00M
Aug 17 2021
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
$269 / 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
$517,467
Tax year 2022
Assessed value
$62,349,400
Assessed 2022
Previous assessed
$62,349,400
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$39,161,100
Assessed improvement
$23,188,300
Land market value
$39,161,100
Improvement market value
$23,188,300
Total market value
$62,349,400
Applied tax rate
11.0000
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
1990
Construction
WOOD
Heating
HEAT PUMP
Stories
7
Total area
282,863 SF
Lot
1.63 ac (71,202 SF)
Zoning code
SM-SLU 145
APN
198420-0065
UPID
US90-1541327
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SM-SLU 145 · Seattle, WA
Zoning SM-SLU 145 · permitted uses
SM-SLU 145 · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seattle. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$93.7M
AUTO REPAIR, GARAGE
Est. value
$116.4M
OFFICE BUILDING
Est. value
$115.8M
RETAIL STORES
Est. value
$113.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$100.3M
MEDICAL BUILDING
Est. value
$97.3M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
1990
Construction
WOOD
Heating
HEAT PUMP
Stories
7
Lot
1.63 ac
Current owner
From public records · entity-resolved
Apple Nine Seattle Fee Owner INC
Entity
Free & Clear · 4 yrs held
Mailing address
814 E MAIN ST, RICHMOND, VA 23219-3306
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2021
$80,000,000
Apple Nine Seattle Fee Owner INC
Qwest Corporation
Bargain And Sale Deed
—
Aug 31, 2012
—
Apple Seven Spe Seattle INC
—
Deed Of Trust
related
$29,100,000 · Key Bank & Trust
Jun 25, 2009
—
Seattle City
Qwest Corp
Grant Deed
related
—
Sep 15, 2006
$44,466,192
Apply Seven Hospitality Owners
Lake Union Hotel Assocs
Grant Deed
—
—
—
Lake Union Hotel Associates LP
—
Deed Of Trust
related
$29,000,000 · Amresco Capital Corp
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 800 Fairview N Ave?
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.
