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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Industrial properties
13624 Hwy 99 Lynnwood, WA 98087-1606
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-1691300
Property profile
Verified
Property type
Industrial properties
Use group
LUMBERYARD, BUILDING MATERIALS
Year built
2006
Construction
CONCRETE
Total area
6,868 SF
Lot
0.86 ac (37,462 SF)
Zoning code
UC
APN
373300801000
UPID
US90-1691300
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
-
Sushi Blue Restaurant
-
Seattle Cabinets Hardware & Home Improvement Furniture & Home Goods
-
Mustache MilkTea Cafe & Coffee Shop
-
Edward Jones - Financial Advisor: Darin M Elkins, AAMS® Financial Advisor
-
Granite & Marble Specialties Kitchen & Bath Showroom Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$600k
Owner & transaction history
Fitness International LLC · 4 yrs held
Fitness International LLC
since 2022
7 recorded transactions
Zoning & alternative use
UC · Lynnwood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$975,000
+64.1%
Restaurant
$770,000
+29.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
LUMBERYARD, BUILDING MATERIALS
$595,000
Current use
OFFICE BUILDING
$975,000
Change: +64% · Conversion: Difficult
RESTAURANT
$770,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±10%
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
$87 / 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
$17,558
Tax year 2023
Assessed value
$2,074,100
Assessed 2023
Previous assessed
$1,813,500
+14.4% YoY
Effective rate
0.85%
On assessed value
Assessed land
$765,000
Assessed improvement
$1,309,100
Land market value
$765,000
Improvement market value
$1,309,100
Total market value
$2,074,100
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
LUMBERYARD, BUILDING MATERIALS
Status
Off-Market
Year built
2006
Construction
CONCRETE
Heating
YES
Cooling
NONE
Stories
1
Total area
6,868 SF
Lot
0.86 ac (37,462 SF)
Zoning code
UC
APN
373300801000
UPID
US90-1691300
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
UC · Lynnwood, WA
Zoning UC · permitted uses
UC · 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
LUMBERYARD, BUILDING MATERIALS Current
Est. value
$595,000
OFFICE BUILDING
Est. value
$975,000
RESTAURANT
Est. value
$770,000
LUMBERYARD, BUILDING MATERIALS Current
OFFICE BUILDING
RESTAURANT
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
2006
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Fitness International LLC
Entity
Free & Clear · 4 yrs held
Mailing address
9330 W SAHARA AVE STE #270, LAS VEGAS, NV 89117-8828
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2022
—
Fitness International LLC
Laf Lynnwood Erie 10 LLC
Deed
—
Apr 7, 2022
$14,200,000
Laf Lynnwood Erie 10 LLC
Fitness International LLC
Special Warranty Deed
—
Nov 5, 2019
—
B33 Mukilteo LLC
—
Deed
related
$6,000,000 · Solera National Bank
Apr 9, 2018
—
B33 Mukilteo LLC
—
Grant Deed
related
$4,000,000 · Banner Bk
Oct 31, 2017
$7,300,000
Fitness International LLC
B33 Mukilteo LLC
Grant Deed
—
Feb 9, 2016
$1,650,000
B33 Mukilteo LLC
Halle Properties LLC
Grant Deed
—
Nov 18, 2004
$950,000
Halle Properties LLC
Mukilteo Center LLC
Warranty Deed
—
Mar 16, 2001
—
Mukilteo Center LLC
—
Deed Of Trust
related
$2,000,000 · Commerce Bank Of Washington
Nov 25, 1998
$598,000
Mukilteo Center LLC
Wells Fargo Bank
Grant Deed
—
May 1, 1992
$655,000
Speedway Centers Ltd Ptnrshp
Unknown
Grant Deed
—
—
—
Mukilteo Center LLC
—
Deed Of Trust
related
$24,000 · Us Bank NA
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.
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