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Property profile & analytics
OFF-MARKET
Apartment buildings
14611 Admiralty Way Lynnwood, WA 98087-1300
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-3304264
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2000
Construction
WOOD
Total area
43,103 SF
Lot
2.01 ac (87,556 SF)
Zoning code
SI
APN
373300601901
UPID
US90-3304264
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
-
Sub Zero Appliance Repair Home Appliance Store
-
Woodcreek Apartments Apartment Building Apartment Complex
-
Seattle Dog Training Coach Animal Training
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tlus Rise Picnic Point Limited Part · 3 yrs held
Tlus Rise Picnic Point Limited Part
since 2022
Last sale
$54.9M
7 recorded transactions
Zoning & alternative use
SI · 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
—
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
$105,974
Tax year 2023
Assessed value
$12,584,400
Assessed 2023
Previous assessed
$11,586,000
+8.6% YoY
Effective rate
0.84%
On assessed value
Assessed land
$1,112,500
Assessed improvement
$11,471,900
Land market value
$1,112,500
Improvement market value
$11,471,900
Total market value
$12,584,400
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
2000
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Units
164
Rooms
164
Total area
43,103 SF
Lot
2.01 ac (87,556 SF)
Zoning code
SI
APN
373300601901
UPID
US90-3304264
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SI · Lynnwood, WA
Zoning SI · permitted uses
SI · 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
2000
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
164
Rooms
164
Lot
2.01 ac
Current owner
From public records · entity-resolved
Tlus Rise Picnic Point Limited Part
Individual
Mailing address
1518 1ST AVE S STE #500, SEATTLE, WA 98134-1456
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2022
$54,885,000
Tlus Rise Picnic Point Limited Part
Rise Properties Woodcreek Limited P
Special Warranty Deed
$32,162,000 · Key Bank NA
Nov 16, 2015
$32,966,990
Rise Properties Woodcreek LP
Admiralty Way Apartments LLC
Grant Deed
$22,885,000 · Cbre Cap Markets
Nov 30, 2010
$20,868,000
Admiralty Way Apartments LLC
Ppc Woodcreek Avf III LLC
Grant Deed
—
May 17, 2006
$16,113,742
Ppc Woodcreek Avf III LLC
Woodcreek Holdings LLC
Warranty Deed
—
Nov 15, 2002
—
Woodcreek Holdings LLC
Rudeen,kevin K
Quit Claim Deed
related
—
Mar 30, 2000
$1,584,000
Rudeen,kevin K
Olsen Family Investments LLC
Grant Deed
$10,875,000 · Us Bank NA
Dec 8, 1998
—
Olsen Family Investments LLC
Olsen,torstein A
Quit Claim Deed
related
—
—
—
Base Capital LLC
—
Deed Of Trust
related
$2,100,000 · Base Capital LLC
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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