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Property profile & analytics
OFF-MARKET
Estimated value
$12,590,000
Retail space
13624 Hwy 99 Lynnwood, WA 98087-1606
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-2940666
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1992
Construction
TYPE NOT SPECIFIED
Total area
52,088 SF
Lot
3.2 ac (139,392 SF)
APN
373300801002
UPID
US90-2940666
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
$9.38M
CAP Approach
CAP
$11.30M
Comparable Approach
Comparable
$12.40M
Blend (final)
Blend
$12.59M
Owner & transaction history
Laf Lynnwood Erie 10 LLC · 4 yrs held
Laf Lynnwood Erie 10 LLC
since 2022
Last sale
$14.2M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$20.3M
+39.0%
Office building
$17.8M
+21.8%
Commercial (general)
$15.8M
+7.9%
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
$14,085,000
ML approach
$9,375,000
CAP Approach
CAP Return
Estimation
6%
$12,235,000
6.5%
$11,295,000
7%
$10,485,000
Alternative Use
Use
Estimation
RETAIL STORES
$14,630,000
Current use
MEDICAL BUILDING
$20,335,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$17,820,000
Change: +22% · Conversion: Easy
COMMERCIAL (GENERAL)
$15,790,000
Change: +8% · Conversion: Easy
WAREHOUSE, STORAGE
$15,045,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$12.59M
Range $11.33M – $13.85M · ±10% · vs last sale $14.20M (Apr 7 2022)
Last sale anchor
$14.20M
Apr 7 2022
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
$242 / 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
$105,780
Tax year 2023
Assessed value
$12,565,000
Assessed 2023
Previous assessed
$8,129,500
+54.6% YoY
Effective rate
0.84%
On assessed value
Assessed land
$2,439,600
Assessed improvement
$10,125,400
Land market value
$2,439,600
Improvement market value
$10,125,400
Total market value
$12,565,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1992
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Total area
52,088 SF
Lot
3.2 ac (139,392 SF)
APN
373300801002
UPID
US90-2940666
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$14.6M
MEDICAL BUILDING
Est. value
$20.3M
OFFICE BUILDING
Est. value
$17.8M
COMMERCIAL (GENERAL)
Est. value
$15.8M
WAREHOUSE, STORAGE
Est. value
$15.0M
RETAIL STORES Current
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
1992
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
3.2 ac
Current owner
From public records · entity-resolved
Laf Lynnwood Erie 10 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3161 MICHELSON DR STE #600, IRVINE, CA 92612-4406
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2022
$14,200,000
Laf Lynnwood Erie 10 LLC
Fitness International LLC
Special Warranty Deed
—
Apr 7, 2022
—
Fitness International LLC
Laf Lynnwood Erie 10 LLC
Lease
—
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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