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Maywood Motel 16526 Aurora Ave N 19 Room Hotel Shoreline, WA 98133 $3,168,480 CAD ($166,762 CAD/Room) 10.68% Cap Rate
Investment Highlights
- 10% stabilized cap rate
- 165th & I-99 in Shoreline - Assemblage Opportunity (~1.59 acres)
- 22,341 SF (0.51 acre) Mixed Business (MB) zoned site with redevelopment potential
Executive Summary
Delivered vacant, this 22-room motel near the intersection of 165th & Aurora Avenue / I-99 in Shoreline presents an attractive value-add opportunity for experienced hospitality investors. The site also offers the option for upside through redevelopment as a 22,341 SF (0.51 acre) development site with flexible Mixed Business (MB) zoning and potential to redevelop for residential or commercial use. Note assemblage opportunity with adjacent parcels.
Financial Summary (Pro Forma - 2027) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2027) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 19 | $57.86 CAD | - |
Fairly walkable
50/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 525430-0015 | Improvements Assessment | $844,607 CAD (2025) |
| Land Assessment | $2,308,169 CAD (2025) | Total Assessment | $3,152,775 CAD (2025) |
Property Taxes
Parcel Number
525430-0015
Land Assessment
$2,308,169 CAD (2025)
Improvements Assessment
$844,607 CAD (2025)
Total Assessment
$3,152,775 CAD (2025)
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Maywood Motel | 16526 Aurora Ave N
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