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Property profile & analytics
OFF-MARKET
Estimated value
$13,805,000
Hotels
Seattle, WA 98109
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0948301
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2018
Construction
CONCRETE
Total area
170,885 SF
Lot
0.22 ac (9,390 SF)
Zoning code
SM-SLU 175/85-280
APN
198320-0540
UPID
US90-0948301
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
$14.05M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.81M
Owner & transaction history
Nf III Seattle Op Co LLC · 7 yrs held
Nf III Seattle Op Co LLC
since 2018
7 recorded transactions
Zoning & alternative use
SM-SLU 175/85-280 · 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%
$15,220,000
6.5%
$14,050,000
7%
$13,045,000
Blend value · Realmo final
$13.81M
Range $12.42M – $15.19M · ±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
$81 / 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
$60,869
Tax year 2022
Assessed value
$7,277,200
Assessed 2022
Previous assessed
$7,277,200
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$7,277,200
Land market value
$7,277,200
Total market value
$7,277,200
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
2018
Construction
CONCRETE
Heating
CENTRAL
Stories
9
Total area
170,885 SF
Lot
0.22 ac (9,390 SF)
Zoning code
SM-SLU 175/85-280
APN
198320-0540
UPID
US90-0948301
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SM-SLU 175/85-280 · Seattle, WA
Zoning SM-SLU 175/85-280 · permitted uses
SM-SLU 175/85-280 · 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
2018
Construction
CONCRETE
Heating
CENTRAL
Stories
9
Lot
0.22 ac
Current owner
From public records · entity-resolved
Nf III Seattle Op Co LLC
Entity
Mailing address
920 5TH AVE NE STE #2750, SEATTLE, WA 98104-1668
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2022
—
Nf III Seattle LLC
—
Deed
related
$250,000 · Western Alliance Bank
Jul 11, 2018
—
Nf III Seattle Op Co LLC
Nf III Seattle LLC
Quit Claim Deed
related
—
Jun 21, 2017
—
Nf III Seattle LLC
—
Loan Modification
related
$50,212,500 · Us Bk
Sep 15, 2015
$12,850,000
Nf III Seattle LLC
Lowen Family LP
Warranty Deed
—
Feb 12, 2009
—
Seattle City
Lowen Family LP
Warranty Deed
related
—
Jan 30, 2004
—
Lowen Family LP
Lowen,howard & Jan
Quit Claim Deed
related
—
Oct 10, 2003
—
Janice Lowen
Lowen,jeanette
Quit Claim Deed
related
—
Aug 31, 1995
—
Jenette Lowen
Indian Arts & Crafts INC
Quit Claim Deed
related
—
Mar 17, 1989
$125,000
Jancie Lowen
Lowen,jeanette
Grant Deed
related
—
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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