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Property profile & analytics
OFF-MARKET
Estimated value
$12,115,000
Hotels
9 16th NW St Auburn, WA 98001-1613
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1138766
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1998
Construction
WOOD
Total area
36,269 SF
Lot
1.74 ac (75,805 SF)
Zoning code
C3
APN
000080-0049
UPID
US90-1138766
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.14M
Blend (final)
Blend
$12.12M
Owner & transaction history
King County · 5 yrs held
King County
since 2021
Last sale
$11.8M
7 recorded transactions
Zoning & alternative use
C3 · Auburn, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$19.1M
+57.0%
Restaurant
$18.1M
+49.0%
Medical building
$14.3M
+18.0%
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 Auburn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Auburn 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
$12,715,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$12,140,000
Current use
COMMERCIAL (GENERAL)
$19,055,000
Change: +57% · Conversion: Difficult
RESTAURANT
$18,085,000
Change: +49% · Conversion: Difficult
MEDICAL BUILDING
$14,325,000
Change: +18% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$12,575,000
Change: +4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,475,000
Change: +3% · Conversion: Difficult
OFFICE BUILDING
$10,525,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$12.12M
Range $10.90M – $13.33M · ±10% · vs last sale $11.80M (Jul 13 2021)
Last sale anchor
$11.80M
Jul 13 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
$334 / 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
$19
Tax year 2022
Applied tax rate
133.0000
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
1998
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
3
Total area
36,269 SF
Lot
1.74 ac (75,805 SF)
Zoning code
C3
APN
000080-0049
UPID
US90-1138766
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C3 · Auburn, WAZoning C3 · permitted uses
C3 · Auburn, WA
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
HOTEL/MOTEL Current
Est. value
$12.1M
COMMERCIAL (GENERAL)
Est. value
$19.1M
RESTAURANT
Est. value
$18.1M
MEDICAL BUILDING
Est. value
$14.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.6M
AUTO REPAIR, GARAGE
Est. value
$12.5M
OFFICE BUILDING
Est. value
$10.5M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1998
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
3
Lot
1.74 ac
Current owner
From public records · entity-resolved
King County
Entity
Mailing address
500 4TH AVE RM #830, SEATTLE, WA 98104-2371
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2021
$11,800,000
King County
M&m Hospitality LLC
Warranty Deed
—
Oct 5, 2018
—
M & M Hospitality LLC
—
Deed
related
$4,325,000 · Timberland Bk
Oct 4, 2018
—
M & M Hospitality LLC
—
Deed
related
$2,657,000 · Ameritrust Cdc
Feb 24, 2017
$5,727,000
M&m Hospitality LLC
Seva Investments INC
Warranty Deed
$2,595,000 · Timberland Bank
Jan 7, 2008
$6,100,000
Seva Investments INC
A & J Investments LLC
Warranty Deed
$4,340,000 · United Commercial Bank
Dec 20, 2004
$3,000,000
A & J Investments LLC
Yk2l Group LLC
Warranty Deed
$2,492,509 · Pacific International Bank
Jun 10, 2002
$2,931,000
Yk2l Group LLC
Thc-auburn LLC
Grant Deed
$2,312,197 · Frontier Bank
Aug 6, 1997
—
Thc-auburn LLC
—
Grant Deed
related
$3,122,757 · Nomura Asset Capital Corp
Mar 20, 1997
$568,537
Thc-auburn LLC
Obrien,jean M
Grant Deed
—
Mar 20, 1996
—
Florence K Lone Estate Lone
Stalder,john E
Quit Claim Deed
related
—
—
—
A & J Investments LLC
—
Deed Of Trust
related
$3,000,000 · Wilshire State Bank
—
—
M & M Hospitality LLC
—
Deed Of Trust
related
$2,657,000 · Ameritrust Cdc
—
—
M & M Hospitality LLC
—
Deed Of Trust
related
$4,325,000 · Timberland Bk
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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