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    FOR SALE
    Hotels

    8421 Evergreen Way, Everett, WA 98208

    19,872 SF 0.97 ac lot Built 1981
    Entity Owned 8-yr Hold ~ Est. High Equity
    Property ID
    US90-1424242
    Property summary
    AI-generated overview

    The Sunrise Inn, a 66-unit motel located at 8421 Evergreen Way, Everett, WA 98208, presents a compelling investment opportunity. This two-story property, situated on a 42,253 square foot lot in Snohomish County (APN 28051800201300), offers 19,872 square feet of building space. Built in 1981, the motel boasts a strong performance history, generating gross sales of $1,065,553 in 2023. This fee-simple property is priced at $6,700,000 and is ideally positioned in Everett, Washington, a city with significant growth potential. The property's established revenue stream and prime location make it an attractive asset for investors seeking a strong return on investment in the hospitality sector. The Sunrise Inn represents a chance to acquire a well-established business with a proven track record of success in a desirable market. This is a rare opportunity to own a substantial motel in a thriving area with excellent potential for future growth and profitability. Detailed financial information is available upon request.

    Property profile
    Verified
    Property type Hotels
    Use group HOTEL/MOTEL
    Year built 1981
    Construction WOOD
    Total area 19,872 SF
    Lot 0.97 ac (42,253 SF)
    Zoning code C-1
    APN 28051800201300
    UPID US90-1424242
    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
    • Sunrise Inn Everett Hotel & Motel
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.07M
    Blend (final) Blend
    $1.62M
    Owner & transaction history
    Bk Choi INC · 8 yrs held
    Bk Choi INC
    since 2017
    7 recorded transactions
    2017
    $5.8M
    1996
    $1.7M
    1996
    1990
    $1.5M
    1969
    1969
    1969
    Zoning & alternative use
    C-1 · Everett, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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