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Property profile & analytics
OFF-MARKET
Estimated value
$12,780,000
Hotels
9550 1st NE Ave Seattle, WA 98115-2012
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0838227
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2016
Construction
STEEL FRAME
Total area
150,596 SF
Lot
0.87 ac (37,713 SF)
Zoning code
NC3-75 (M)
APN
322604-9130
UPID
US90-0838227
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
-
Hampton Inn & Suites by Hilton Seattle/Northgate Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.87M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.78M
Owner & transaction history
Northgate Lodging Lllp · 8 yrs held
Northgate Lodging Lllp
since 2018
7 recorded transactions
Zoning & alternative use
NC3-75 (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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,020,000
6.5%
$13,865,000
7%
$12,875,000
Blend value · Realmo final
$12.78M
Range $11.50M – $14.06M · ±10%
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
$85 / 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
$259,408
Tax year 2022
Assessed value
$31,215,600
Assessed 2022
Previous assessed
$31,215,600
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$5,279,800
Assessed improvement
$25,935,800
Land market value
$5,279,800
Improvement market value
$25,935,800
Total market value
$31,215,600
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
Off-Market
Year built
2016
Construction
STEEL FRAME
Heating
CENTRAL
Stories
6
Total area
150,596 SF
Lot
0.87 ac (37,713 SF)
Zoning code
NC3-75 (M)
APN
322604-9130
UPID
US90-0838227
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3-75 (M) · Seattle, WA
Zoning NC3-75 (M) · permitted uses
NC3-75 (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
2016
Construction
STEEL FRAME
Heating
CENTRAL
Stories
6
Lot
0.87 ac
Current owner
From public records · entity-resolved
Northgate Lodging Lllp
Entity
Mailing address
203 SE PARK PLZ DR STE #230, VANCOUVER, WA 98684-5884
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2023
—
Northgate Lodging Lllp
—
Deed
related
$2,000,000 · Umpqua Bank
May 16, 2018
—
Northgate Lodging Lllp
Alta Properties LLC
Quit Claim Deed
related
$22,900,000 · Banner Bk
May 16, 2018
$5,150,000
Northgate Lodging Lllp
Fflp Mth LLC
Warranty Deed
—
Aug 26, 2015
$5,241,670
Fflp Mth LLC
Northgate Lodging Lllp
Warranty Deed
—
Dec 17, 2012
$2,900,000
Northgate Lodging Lllp
Northgate Station
Warranty Deed
$1,700,000 · Interamerican Investments INC
Jun 8, 1998
—
Northgate Station
—
Deed Of Trust
related
$4,250,000 · Midland Loan Services LP
—
—
Northgate Lodging Lllp
—
Deed Of Trust
related
$600,000 · Interamerican Investments INC
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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