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Property profile & analytics
OFF-MARKET
Estimated value
$4,995,000
Hotels
Station, Dr, WA
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1832983
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2012
Construction
WOOD FRAME
Total area
75,910 SF
Lot
2.11 ac (91,824 SF)
Zoning code
COM
APN
3000500021
UPID
US90-1832983
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
by Request
Blend (final)
Blend
$5.00M
Owner & transaction history
Lexmar Hospitality LLC · 15 yrs held
Lexmar Hospitality LLC
since 2010
5 recorded transactions
Zoning & alternative use
COM · Dr, 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 Dr submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dr 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
$66 / 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
$114,437
Tax year 2024
Assessed value
$14,261,500
Assessed 2024
Previous assessed
$14,261,500
+0.0% YoY
Effective rate
0.80%
On assessed value
Assessed land
$2,385,100
Assessed improvement
$11,876,400
Land market value
$2,385,100
Improvement market value
$11,876,400
Total market value
$14,261,500
Applied tax rate
55.0000
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
Status
Off-Market
Year built
2012
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
4
Units
116
Total area
75,910 SF
Lot
2.11 ac (91,824 SF)
Zoning code
COM
APN
3000500021
UPID
US90-1832983
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
COM · Dr, WA
Zoning COM · permitted uses
COM · Dr, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dr. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2012
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
4
Units
116
Lot
2.11 ac
Current owner
From public records · entity-resolved
Lexmar Hospitality LLC
Entity
Mailing address
2727 LYNDON B JOHNSON FWY STE #806, DALLAS, TX 75234-7334
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2011
—
Lexmar Hospitality LLC
—
Trustees Deed
related
$2,328,000 · South Sound Bank
Sep 27, 2010
$1,125,000
Lexmar Hospitality LLC
New Barksdale Properties LLC
Warranty Deed
—
Dec 8, 2006
$1,438,000
New Barksdale Properties LLC
Quadrant Corp
Warranty Deed
$1,078,500 · Viking Bank
—
—
Lexmar Hospitality LLC
—
Deed Of Trust
related
$17,000,000 · Cibc
—
—
Lexmar Hospitality LLC
—
Deed Of Trust
related
$400,000 · Pierce County Community Dev
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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