New search
Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Hotels
965 108th NE Ave, Bellevue, WA 98004-4361
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-2162466
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2017
Construction
CONCRETE
Total area
218,714 SF
Lot
1.06 ac (46,218 SF)
Zoning code
DNTN-MU
APN
154460-0142
UPID
US90-2162466
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
-
'Tutti Frutti Crossing' Utility Box Art by Carmel Mercado Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$560k
Owner & transaction history
Washington Square Hotel Holdings Ll · 1 yrs held
Washington Square Hotel Holdings Ll
since 2024
Last sale
$558,885
7 recorded transactions
Zoning & alternative use
DNTN-MU · Bellevue, 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 Bellevue submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bellevue 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
$560,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $559k (Oct 2 2024)
Last sale anchor
$559k
Oct 2 2024
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
$3 / 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
$599,514
Tax year 2024
Assessed value
$78,262,300
Assessed 2023
Previous assessed
$78,262,300
+0.0% YoY
Effective rate
0.77%
On assessed value
Assessed land
$26,575,300
Assessed improvement
$51,687,000
Land market value
$26,575,300
Improvement market value
$51,687,000
Total market value
$78,262,300
Applied tax rate
330.0000
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
2017
Construction
CONCRETE
Heating
CENTRAL
Stories
6
Total area
218,714 SF
Lot
1.06 ac (46,218 SF)
Zoning code
DNTN-MU
APN
154460-0142
UPID
US90-2162466
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DNTN-MU · Bellevue, WA
Zoning DNTN-MU · permitted uses
DNTN-MU · Bellevue, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bellevue. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2017
Construction
CONCRETE
Heating
CENTRAL
Stories
6
Lot
1.06 ac
Current owner
From public records · entity-resolved
Washington Square Hotel Holdings Ll
Entity
Free & Clear · 1 yrs held
Mailing address
965 NE 108TH AVE NE, BELLEVUE, WA 98004-4361
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2024
—
Washington Square Hotel Holdings Ll
—
Deed
related
$50,000,000 · New York Life Insurance Company
Oct 2, 2024
—
Washington Square Hotel Holdings Ll
Bv Holdings LLC
Quit Claim Deed
related
—
Dec 14, 2023
—
Washington Square Hotel Holdings Ll
—
Deed
related
$53,925,000 · Us Bank NA
Dec 17, 2018
—
Washington Square Hotel Hldgs
—
Loan Modification
related
$53,925,000 · Us Bk
Feb 28, 2018
—
Bv Holdings LLC
—
Loan Modification
related
$29,500,000 · Us Bk
Jun 10, 2015
$558,885
Washington Sq Hotel Holdings L
Bv Holdings LLC
Grant Deed
—
Dec 22, 2014
—
Bv Holdings LLC
City Of Bellevue
Quit Claim Deed
related
—
Jul 16, 2010
—
Bv Holdings LLC
—
Deed Of Trust
related
$73,500,000 · Us Bank NA
Dec 7, 2009
—
Bv-wasatch Holdings LLC
—
Deed Of Trust
related
$31,500,000 · Us Bank NA
Nov 13, 2008
—
Bv Holdings LLC
—
Deed Of Trust
related
$2,000,000 · Us Bank NA
Jul 9, 2004
$1,526,700
Bv Holdings LLC
Cassan Enterprises INC
Grant Deed
related
—
Sep 28, 1992
—
James Cassan
Cassan James T&d
Quit Claim Deed
related
—
Aug 24, 1988
$575,000
James T Cassan
Henninger
Grant Deed
$477,200 · Seller
—
—
Bv Holdings LLC
—
Deed Of Trust
related
$2,500,000 · Us Bank NA
—
—
Bv Holdings LLC
—
Loan Modification
related
$27,500,000 · Us Bk
—
—
Bv Holdings LLC
—
Deed Of Trust
related
$3,325,000 · Us Bank NA
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 965 108th NE Ave?
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.
