New search
Property profile & analytics
OFF-MARKET
Estimated value
$9,350,000
Motels
8620 Hosmer St, Tacoma, WA 98444-1835
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-3216898
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2000
Construction
WOOD FRAME
Total area
38,060 SF
Lot
1.24 ac (54,014 SF)
Zoning code
C2
APN
320315002
UPID
US90-3216898
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
$10.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.46M
Blend (final)
Blend
$9.35M
Owner & transaction history
Lual Hosmer Housing LLC · 4 yrs held
Lual Hosmer Housing LLC
since 2021
Last sale
$8.8M
7 recorded transactions
Zoning & alternative use
C2 · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$14.9M
+21.1%
Auto repair, garage
$14.1M
+14.3%
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 Tacoma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tacoma 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
$9,765,000
ML approach
$10,030,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$12,300,000
Current use
RESTAURANT
$14,900,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$14,055,000
Change: +14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$11,735,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$11,495,000
Change: -7% · Conversion: Difficult
WAREHOUSE, STORAGE
$11,405,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$9.35M
Range $8.42M – $10.29M · ±10% · vs last sale $8.80M (Oct 29 2021)
Last sale anchor
$8.80M
Oct 29 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
$246 / 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
$12
Tax year 2024
Assessed value
$8,884,100
Assessed 2024
Previous assessed
$8,884,100
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$1,464,400
Assessed improvement
$7,419,700
Land market value
$1,464,400
Improvement market value
$7,419,700
Total market value
$8,884,100
Applied tax rate
10.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2000
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
3
Units
90
Total area
38,060 SF
Lot
1.24 ac (54,014 SF)
Zoning code
C2
APN
320315002
UPID
US90-3216898
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
C2 · Tacoma, WA
Zoning C2 · permitted uses
C2 · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tacoma. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$12.3M
RESTAURANT
Est. value
$14.9M
AUTO REPAIR, GARAGE
Est. value
$14.1M
COMMERCIAL (GENERAL)
Est. value
$11.7M
RETAIL STORES
Est. value
$11.5M
WAREHOUSE, STORAGE
Est. value
$11.4M
HOTEL/MOTEL Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
2000
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Units
90
Lot
1.24 ac
Current owner
From public records · entity-resolved
Lual Hosmer Housing LLC
Entity
Mailing address
1253 S JACKSON ST STE A, SEATTLE, WA 98144-3075
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2022
—
Lihi Hosmer Housing LLC
—
Deed
related
$7,950,000 · Washington State Department Of Commerce
Oct 29, 2021
$8,737,167
Lual Hosmer Housing LLC
K&c Hospitality LLC
Warranty Deed
$5,000,000 · Tacoma Community Redevelopment Authority
May 8, 2018
—
K & C Hospitality LLC
—
Deed
related
$4,150,000 · Unibank
May 1, 2015
—
K & C Hospitality LLC
Turnaround INC
Quit Claim Deed
related
$3,500,000 · Bbcn Bk-washington
Aug 11, 2008
$8,350,000
Landmark Hotels INC
Kim,suk A & Sang A
Warranty Deed
$6,262,500 · American Marine Bank
Jan 3, 2005
$6,700,000
Suk A Kim
Ksh Properties INC
Warranty Deed
$4,875,000 · Cathay Bank
Mar 28, 2000
$4,537,255
Seattle Pacific Hospitality In
Park,jong S & Chong O
Trustees Deed
$3,225,000 · Anchor Savings Bank
—
—
Landmark Hotels INC
—
Deed Of Trust
related
$5,970,409 · Columbia State Bank
—
—
Pacific Hospitality In Seattle
—
Deed Of Trust
related
$280,000 · Individual
—
—
K & C Hospitality LLC
—
Deed Of Trust
related
$4,150,000 · Unibank
—
—
Jong S Park
—
Deed Of Trust
related
$2,240,000 · City 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.
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 8620 Hosmer St?
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.
