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Property profile & analytics
FOR LEASE
Hotels
808 Howell St, Seattle, WA 98101
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-0396012
For Lease
1 / 6
$3,835,000
808 Howell St, Seattle, WA 98101
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2018
Construction
STEEL FRAME
Total area
1,062,251 SF
Lot
1.47 ac (63,883 SF)
Zoning code
DOC2 500/300-550
APN
066000-0708
UPID
US90-0396012
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
-
Chihuly Gardens Museum
-
Andare Kitchen & Bar Restaurant
-
Rickhouse Whiskey Bar Bar & Pub
-
Event Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.84M
Owner & transaction history
Ht-seattle Owner LLC · 9 yrs held
Ht-seattle Owner LLC
since 2016
7 recorded transactions
Zoning & alternative use
DOC2 500/300-550 · Seattle, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$4 / 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
$3,289,378
Tax year 2022
Assessed value
$403,667,200
Assessed 2022
Previous assessed
$403,667,200
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$93,140,900
Assessed improvement
$310,526,300
Land market value
$93,140,900
Improvement market value
$310,526,300
Total market value
$403,667,200
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
For Lease
Year built
2018
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
45
Total area
1,062,251 SF
Lot
1.47 ac (63,883 SF)
Zoning code
DOC2 500/300-550
APN
066000-0708
UPID
US90-0396012
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DOC2 500/300-550 · Seattle, WA
Zoning DOC2 500/300-550 · permitted uses
DOC2 500/300-550 · 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.
Building & site characteristics
From public records
Year built
2018
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
45
Lot
1.47 ac
Current owner
From public records · entity-resolved
Ht-seattle Owner LLC
Entity
Mailing address
PO BOX 9006, SEATTLE, WA 98109-0006
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2016
—
Ht-seattle Owner LLC
—
Deed
related
$430,000,000 · Bank Of America
Sep 27, 2016
—
Ht-seattle Owner LLC
Elliott Ne LLC
Quit Claim Deed
related
—
Jan 22, 2016
—
Elliott Ne LLC
Ninth & Stewart LLC
Quit Claim Deed
related
—
Mar 7, 2013
—
Ninth & Stewart LLC
—
Deed Of Trust
related
$22,000,000 · Us Bank NA
May 2, 2012
$9,700,000
Ninth & Stewart LLC
Sound Credit Union
Special Warranty Deed
$20,000,000 · Us Bank NA
Oct 26, 2006
$13,450,000
Watermark Cu
Vance-howell Street LLC
Grant Deed
—
May 29, 1997
$2,100,000
Vance-howell Street LLC
Roffe INC
Grant Deed
—
—
—
Ninth & Stewart LLC
—
Loan Modification
related
—
—
—
Elliott Ne LLC
—
Loan Modification
related
—
—
—
Ninth & Stewart LLC
—
Deed Of Trust
related
—
—
—
Ninth & Stewart LLC
—
Loan Modification
related
—
—
—
Ninth & Stewart LLC
—
Deed Of Trust
related
$22,200,000 · Us Bank NA
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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