One of 1,805 reachable commercial buildings in Seattle. Larger than 67% of commercial buildings in Seattle (median 7,940 SF), derived from assessor records.
Usable building area
18,678 SF, King County Assessor
Lot size
10,957 SF, King County Assessor
Year built
1996, King County Assessor
Stories
3, King County Assessor
Predominant use
Hotel/Motel, King County Assessor
Assessed value
$3,303,900, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$176.89/SF, derived from assessor records
Usable area / lot
1.7, derived from assessor records
Vintage
1990s vintage
Zoning
C1-55 (M), King County
County use code
Hotel/Motel
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
MakeMe Estimate: $3.76M (estimated market value), with a likely range of $3.12M to $4.53M (half of recent verified sales in this segment landed inside that range). Based on 5 verified arm's-length comparable sales (through 2026-06-01). Not an appraisal. How this estimate works.
lower confidence: 1 comparable sale within 3 miles; nearest 2.4 mi. This property type carries wider measured error; treat the estimate as a starting point. Recent sale check: this building sold for $3,350,000 in 2025; the estimate is about 12% apart. Treat the recorded trade as strong evidence alongside the model. Comparable-sale caveat: the estimate is 65% below the $571.24/SF median of the shown comparable sales.
Recorded arm's-length sales of similar buildings nearby; nearer and more recent sales rank first. Buyer and seller names are withheld. Get this data via API.
Market context: Commercial in Seattle
median verified sale $529.93/SF over the trailing 24 months; 37 sales in the last 12 months and 66 in 24 (newest verified sale 2026-05); the middle 80% of recent sales traded at 0.72x to 1.89x their county assessed value, median 1.08x (64 sales with usable county values).
2022: $516.78/SF median (29 sales)
2023: $485.41/SF median (28 sales)
2024: $533.38/SF median (24 sales)
2025: $478.16/SF median (37 sales)
2026 YTD: $669.37/SF median (10 sales)
This estimate sits at 1.14x county assessed value, the 61st percentile of those recent sale premiums.
Computed from 1,281 verified arm's-length sales in King County public records (66 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2025-06-12 for $3,350,000 (recorded arm's-length sale).
Current ownership dates to 2025 per recorded transfers.
2025-06-12: $3,350,000 from Next Wave Investments LLC to Avila Living Aurora INC, rec. 20250613000838
2019-04-24: $42,500 from Next Wave Investments LLC to Landmark Infrastructure Holding Company LLC, rec. 20190523000821
2017-10-24: $4,150,000 from Puar & Sons LLC to Next Wave Investments LLC, rec. 20171031002189
2011-08-15: $1,350,000 from PPB Motel I LLC to Puar & Sons LLC, rec. 20110816000326
2011-03-21: transfer from Private party to PPB Motel I LLC (non-market transfer), rec. 20110321001150
Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.
Value over time
Dark line: county assessed value per King County tax rolls. Blue line: our estimate; dashed years are a modeled backcast built from recorded arm's-length sales in the building's segment, not estimates published at the time, and years without enough sales stay unmodeled. The shaded range is the model's measured error band; about half of verified sales in the segment land inside it. Diamonds: recorded arm's-length sales. Not an appraisal. How this estimate works.
Land, site, and value history
Assessed value moved from $1,753,900 (2011) to $3,303,900 (2026), up 88% over 15 years, per county tax rolls. The 2026 roll splits $3,303,900 into $1,588,700 land and $1,715,200 improvements.
Zoning: C1-55 (M) (per King County)
Lot: 10,957 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Hotel, Limited Service Economy 18,678 SF (county building sections)