Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$10,340,000
Industrial properties
12424 Beverly Park Rd Lynnwood, WA 98087-1517
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0744026
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1999
Construction
TYPE NOT SPECIFIED
Total area
34,890 SF
Lot
2.92 ac (127,195 SF)
Zoning code
SG
APN
538100002400
UPID
US90-0744026
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
Current use
Occupant on record · Public records
-
Leidos Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.28M
Blend (final)
Blend
$10.34M
Owner & transaction history
Pjp 6 LLC · 2 yrs held
Pjp 6 LLC
since 2024
Last sale
$10.3M
7 recorded transactions
Zoning & alternative use
SG · Lynnwood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$16.7M
+88.4%
Apartment house (5+ units)
$14.4M
+63.1%
Medical building
$13.6M
+54.0%
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 Lynnwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lynnwood 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
$10,340,000
ML approach
$10,340,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,850,000
Current use
AUTO REPAIR, GARAGE
$16,670,000
Change: +88% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$14,430,000
Change: +63% · Conversion: Difficult
MEDICAL BUILDING
$13,620,000
Change: +54% · Conversion: Difficult
OFFICE BUILDING
$11,935,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,575,000
Change: +20% · Conversion: Difficult
WAREHOUSE, STORAGE
$10,075,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$10.34M
Range $9.31M – $11.37M · ±10% · vs last sale $10.34M (Feb 28 2024)
Last sale anchor
$10.34M
Feb 28 2024
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
$296 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$72,406
Tax year 2023
Assessed value
$8,325,000
Assessed 2023
Previous assessed
$7,849,100
+6.1% YoY
Effective rate
0.87%
On assessed value
Assessed land
$1,642,600
Assessed improvement
$6,682,400
Land market value
$1,642,600
Improvement market value
$6,682,400
Total market value
$8,325,000
Applied tax rate
2,310.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1999
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Total area
34,890 SF
Lot
2.92 ac (127,195 SF)
Zoning code
SG
APN
538100002400
UPID
US90-0744026
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SG · Lynnwood, WA
Zoning SG · permitted uses
SG · Lynnwood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lynnwood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$8.9M
AUTO REPAIR, GARAGE
Est. value
$16.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.4M
MEDICAL BUILDING
Est. value
$13.6M
OFFICE BUILDING
Est. value
$11.9M
COMMERCIAL (GENERAL)
Est. value
$10.6M
WAREHOUSE, STORAGE
Est. value
$10.1M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
2.92 ac
Current owner
From public records · entity-resolved
Pjp 6 LLC
Entity
Mailing address
7525 SE 24TH ST STE #300, MERCER ISLAND, WA 98040-2300
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2024
$10,337,500
Pjp 6 LLC
Douglass C Behse
Warranty Deed
$6,825,000 · American United Life Insurance Comp
Sep 17, 2007
—
Behse Living Trust
Behse,dean P & Carolyn J
Quit Claim Deed
related
—
Sep 5, 2007
—
Dean P Behse
Behse Warm Springs LLC
Quit Claim Deed
—
Dec 6, 2006
—
Behse Warm Springs LLC
Behse,dean P & Carolyn J
Quit Claim Deed
—
Jul 23, 1998
—
Snohomish Couty Public Works
Behse,dean P & Carough C
Grant Deed
related
—
—
—
Behse Living Trust
—
Deed Of Trust
related
$2,795,468 · Genworth Life & Annuity Ins Co
—
—
Dean P Behse
—
Deed Of Trust
related
$3,300,000 · First Colony Life Insurance Co
—
—
Dean P Behse
—
Deed Of Trust
related
$2,300,000 · First Mutual Savings Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 12424 Beverly Park Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
