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Financial
Distress signals
Property profile

18623 Highway 99 Lynnwood, WA 98037

FOR LEASE
Retail space
Property ID
US90-3185398
25,337 SF 2.54 ac lot Built 2006
Last sale Sep 2021 · $6,225,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a 4,810-square-foot commercial space that was previously used as a full-service BBQ restaurant. It is configured as a restaurant-ready interior and includes existing restaurant equipment and related fixtures that can be retained or repurposed depending on the intended concept.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$48k
Tax billed · 2023
Assessed value$6.38M
Assessed land$2.72M
Assessed improvement$3.67M
Effective rate0.75%

Value estimate

· Oct 2026
$7.23M
$6.50M – $7.95M
AI approach$7.37M
CAP approach$5.50M
Submarket $/SF estimate$6.79M
NOI build-up
Gross scheduled income$46k
Vacancy & credit loss−$5k
Operating expenses−$16k
NOI · 123,060.00% cap applied$25k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$281/SF
Submarket average, outlier-cleaned · 27 recorded sales of this use type
Observed band · Q1–Q3$133 – $420
Qualifying comparables6

Cap rate analysis

How does the asset earn?
123,060.00%
$25k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CG
District supports a variety of commercial, retail, and other uses for customers, with a smaller focus on residential uses
General categoryCOMMERCIAL
JurisdictionSNOHOMISH

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency31.2
Clothing Store17.1
Storage Facility16.9

Location

18623 Highway 99 Lynnwood, WA 98037
County assessor Recorded deeds · 12 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
18600 33rd W, Lynnwood, WA 98037-4844 $54,000,000 Jul 2025 24,491 SF
17426 Hwy 99, Lynnwood, WA 98037-3144 $750,000 Dec 2024 1,273 SF
3321 184th SW, Lynnwood, WA 98037-4748 $3,600,000 Aug 2024 4,039 SF
17306 Hwy 99, Lynnwood, WA 98037 $3,130,000 Aug 2023 4,952 SF
3411 184th SW, Lynnwood, WA 98037-4834 $3,000,000 Oct 2022 7,236 SF
4629 168th SW, Lynnwood, WA 98037-8640 $1,630,000 Mar 2022 12,125 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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