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Property profile & analytics
OFF-MARKET
Estimated value
$6,445,000
Hotels
925 Westlake N Ave, Seattle, WA 98109-3524
Entity Owned
9-yr Hold
Free & Clear
Property ID
US90-0619873
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1998
Construction
CONCRETE
Total area
207,656 SF
Lot
1.3 ac (56,800 SF)
Zoning code
SM-SLU 100/95
APN
408880-3586
UPID
US90-0619873
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
-
Courtyard Seattle Downtown/Lake Union Hotel & Motel
-
PePcon Publishing House
-
Smith Cove Cruise Terminal Seattle Corporate Office
-
Hertz Car Rental Facility
-
Bistro Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.45M
Owner & transaction history
Wh Cy Seattle Hotel LLC · 9 yrs held
Wh Cy Seattle Hotel LLC
since 2016
7 recorded transactions
Zoning & alternative use
SM-SLU 100/95 · 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
$31 / 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
$507,392
Tax year 2022
Assessed value
$61,175,900
Assessed 2022
Previous assessed
$61,175,900
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$30,104,000
Assessed improvement
$31,071,900
Land market value
$30,104,000
Improvement market value
$31,071,900
Total market value
$61,175,900
Applied tax rate
11.0000
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
CONCRETE
Heating
HEAT PUMP
Stories
7
Total area
207,656 SF
Lot
1.3 ac (56,800 SF)
Zoning code
SM-SLU 100/95
APN
408880-3586
UPID
US90-0619873
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SM-SLU 100/95 · Seattle, WA
Zoning SM-SLU 100/95 · permitted uses
SM-SLU 100/95 · 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
1998
Construction
CONCRETE
Heating
HEAT PUMP
Stories
7
Lot
1.3 ac
Current owner
From public records · entity-resolved
Wh Cy Seattle Hotel LLC
Entity
Free & Clear · 9 yrs held
Mailing address
10866 WILSHIRE BLVD #802, LOS ANGELES, CA 90024-4300
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2023
—
Wh Cy Seattle Hotel LLC
—
Deed
related
$5,600,000 · Dekabank Deutsche Girozentrale
Sep 14, 2016
—
Wh Cy Seattle Hotel LLC
—
Deed
related
$51,000,000 · Dekabank Deutsche Girozentrale
Jul 5, 2016
$74,870,000
Wh Cy Seattle Hotel LLC
Ashford Seattle Downtown LP
Grant Deed
—
Jul 23, 2009
—
Seattle City
Ashford Seattle Downtown LP
Quit Claim Deed
related
—
Apr 20, 2007
$72,150,000
Ashford Seattle Downtown LP
Cnl Hotel Investors INC
Bargain And Sale Deed
$128,408,000 · Wachovia Bank NA
Jun 17, 1999
$34,101,210
Cnl Hotel Investors INC
Westlake Hotel Property LP
Quit Claim Deed
related
$18,654,195 · Jeffersson-pilot Life Ins Co
—
—
Ashford Seattle Waterfront LP
—
Loan Modification
related
$128,408,000 · Us Bank NA #2007-c31 (ce)
—
—
Wh Cy Seattle Hotel LLC
—
Deed Of Trust
related
$51,000,000 · Dekabank Deutsche Girozentrale
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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