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Property profile & analytics
FOR SALE
Hotels
8900 Aurora Ave N, Seattle, WA 98103
Entity Owned
8-yr Hold
Free & Clear
Property ID
US90-0764394
For Sale
1 / 5
$3,600,000
8900 Aurora Ave N, Seattle, WA 98103
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1946
Construction
WOOD
Total area
9,024 SF
Lot
0.55 ac (24,125 SF)
Zoning code
NC3P-75 (M)
APN
099300-0495
UPID
US90-0764394
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
-
Oaktree Motel 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
$510k
Owner & transaction history
Madilyn Investements LLC · 8 yrs held
Madilyn Investements LLC
since 2017
5 recorded transactions
Zoning & alternative use
NC3P-75 (M) · 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
$57 / 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
$32,323
Tax year 2022
Assessed value
$3,419,500
Assessed 2022
Previous assessed
$3,419,500
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$2,895,000
Assessed improvement
$524,500
Land market value
$2,895,000
Improvement market value
$524,500
Total market value
$3,419,500
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
Hotels
Use group
HOTEL/MOTEL
Status
For Sale
Year built
1946
Construction
WOOD
Heating
HOT WATER
Buildings
2
Stories
2
Total area
9,024 SF
Lot
0.55 ac (24,125 SF)
Zoning code
NC3P-75 (M)
APN
099300-0495
UPID
US90-0764394
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3P-75 (M) · Seattle, WA
Zoning NC3P-75 (M) · permitted uses
NC3P-75 (M) · 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
1946
Construction
WOOD
Heating
HOT WATER
Stories
2
Buildings
2
Lot
0.55 ac
Current owner
From public records · entity-resolved
Madilyn Investements LLC
Entity
Free & Clear · 8 yrs held
Mailing address
8900 AURORA AVE N, SEATTLE, WA 98103-3920
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
Dec 20, 2017
$1,250,000
Madilyn Investements LLC
Mrpc LLC
Grant Deed
related
—
Dec 20, 2017
—
Madilyn Investments LLC
—
Deed
related
$1,027,000 · Bank Of Hope
Jul 31, 2017
$1,250,000
Madilyn Investements LLC
Mrpc LLC
Trustees Deed
$1,027,000 · Bank Of Hope
Mar 24, 2011
$1,130,000
Mrpc LLC
Min,joon & Ki-wah
Warranty Deed
$847,000 · Unibank
—
—
Madilyn Investments LLC
—
Deed Of Trust
related
$1,027,000 · Bank Of Hope
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?”
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