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Property profile & analytics
OFF-MARKET
Estimated value
$14,415,000
Hotels
8200 Quinault NE Dr, Lacey, WA 98516-4744
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1166005
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1995
Construction
WOOD FRAME
Total area
65,367 SF
Lot
2.23 ac (97,139 SF)
APN
1181-11-30100
UPID
US90-1166005
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
$10.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.42M
Owner & transaction history
Lihi Quinault Drive Housing LLC · 3 yrs held
Lihi Quinault Drive Housing LLC
since 2023
Last sale
$14.8M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$20.2M
+660.1%
Auto repair, garage
$10.9M
+312.2%
Restaurant
$9.3M
+252.1%
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 Lacey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lacey 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
$17,105,000
ML approach
$10,950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$20,170,000
Change: +660% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,935,000
Change: +312% · Conversion: Difficult
RESTAURANT
$9,340,000
Change: +252% · Conversion: Difficult
RETAIL STORES
$8,720,000
Change: +229% · Conversion: Difficult
Blend value · Realmo final
$14.42M
Range $12.97M – $15.86M · ±10% · vs last sale $14.80M (Jan 27 2023)
Last sale anchor
$14.80M
Jan 27 2023
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
$221 / 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
$102,315
Tax year 2023
Assessed value
$10,771,100
Assessed 2022
Previous assessed
$8,227,000
+30.9% YoY
Effective rate
0.95%
On assessed value
Assessed land
$1,271,800
Assessed improvement
$9,499,300
Land market value
$1,271,800
Improvement market value
$9,499,300
Total market value
$10,771,100
Applied tax rate
241.0000
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
1995
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
4
Bathrooms
40
Total area
65,367 SF
Lot
2.23 ac (97,139 SF)
APN
1181-11-30100
UPID
US90-1166005
Jurisdiction
THURSTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$20.2M
AUTO REPAIR, GARAGE
Est. value
$10.9M
RESTAURANT
Est. value
$9.3M
RETAIL STORES
Est. value
$8.7M
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
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
1995
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
4
Bathrooms
40
Lot
2.23 ac
Current owner
From public records · entity-resolved
Lihi Quinault Drive Housing LLC
Entity
Ownership since
2023
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
Jan 27, 2023
$14,800,000
Lihi Quinault Drive Housing LLC
Olympia Hotel Group LLC
Warranty Deed
$20,000,000 · Washington State Department Of Comm
Apr 16, 2019
—
Olympia Hotel Group LLC
—
Deed
related
$4,030,000 · Heritage Bank
Aug 7, 2013
$3,571,700
Olympia Hotel Group LLC
King Oscar Motel LLC
Warranty Deed
$3,614,000 · Prime Pacific Bank NA
Feb 24, 1995
$780,000
Oscar T Hokold
Campbell,harry D
Grant Deed
—
—
—
Oscar T Hokold
—
Deed Of Trust
related
$3,500,000 · Heritage 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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