New search
Property profile & analytics
OFF-MARKET
Estimated value
$14,490,000
Apartment buildings
14014 Admiralty Way, Lynnwood, WA 98087-5621
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-3133889
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1987
Construction
WOOD
Total area
106,794 SF
Lot
5.49 ac (239,144 SF)
Zoning code
MR
APN
373301102300
UPID
US90-3133889
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
-
Serene Village Apartment Homes Apartment Complex Apartments
-
New Apartment Building at Serene Village (Building 12, Units A-H) Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.49M
Owner & transaction history
Serene Village 5j LLC · 9 yrs held
Serene Village 5j LLC
since 2016
6 recorded transactions
Zoning & alternative use
MR · Lynnwood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$136 / 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
$207,373
Tax year 2023
Assessed value
$24,769,400
Assessed 2023
Previous assessed
$23,201,000
+6.8% YoY
Effective rate
0.84%
On assessed value
Assessed land
$3,705,400
Assessed improvement
$21,064,000
Land market value
$3,705,400
Improvement market value
$21,064,000
Total market value
$24,769,400
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
3
Stories
3
Bathrooms
168
Total area
106,794 SF
Lot
5.49 ac (239,144 SF)
Zoning code
MR
APN
373301102300
UPID
US90-3133889
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MR · Lynnwood, WA
Zoning MR · permitted uses
MR · 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.
Building & site characteristics
From public records
Year built
1987
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
3
Bathrooms
168
Lot
5.49 ac
Current owner
From public records · entity-resolved
Serene Village 5j LLC
Entity
Mailing address
19801 50TH AVE W OFC, LYNNWOOD, WA 98036-6416
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2016
$17,925,000
Serene Village 5j LLC
Pccp Fpa Serene Village LLC
Warranty Deed
related
$13,443,000 · Banner Bank
Jul 18, 2008
$9,090,000
Pccp Of Fpa Serene Village LLC
F & F/wc Serene Vlg Assocs LLC
Grant Deed
—
Aug 29, 2000
$5,800,000
F Assoc
Duval LP
Grant Deed
$4,900,000 · Capri Capital Dus LLC
Jan 1, 1991
$5,070,000
Commercial Dept Who
Unknown
Grant Deed
—
Jul 19, 1990
$45,000
Michael E Lowery
Mcinturff,danny
Grant Deed
$35,000 · Mcinturff Danny B
—
—
Duval LP
—
Deed Of Trust
related
$3,400,000 · Continental 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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