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    Property profile & analytics

    14615 Madison Way Lynnwood, WA 98087-6291

    • Apartment buildings
    • 189,358 SF
    • 10.66 lot acres
    OFF-MARKET
    Value Estimation
    $950,000
    Location Intelligence
    Property ID
    US90-1835781
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Madison Way Apartments / Apartment Complex
    • Eco Home Painting / Painter / Painting
    • Building C / Apartment Building
    • Lu house cleaning / Cleaning Service

    Property Details for 14615 Madison Way

    Year built
    2017
    Construction
    WOOD
    Lot size
    10.66 lot acres
    Property size
    189,358 SF
    Zone code
    MR
    Property type
    Apartment buildings
    APN
    373300300200
    APU
    373300300200

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,050,000

    • CAP approach

      CAP return
      Estimation
      6%
      $780,000
      6.5%
      $900,000
      7%
      $845,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $930,000
      Geo Method
      $815,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $710,000
      Retail
      $830,000
      Mixed-Use
      $790,000
      Hospitality
      $745,000
      Educational
      $845,000
      Residential Income
      $780,000
      Energy
      $785,000
      Income-Based Land
      $875,000
      Food Service
      $795,000

    Location Insight

    • Map
    • Local Demand
    City
    Lynnwood
    County
    Snohomish
    State
    Washington
    Longitude
    -122.251
    Latitude
    47.8655
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,331
    $4,710,100
    $39,427,800
    $44,137,900
    -
    $4,710,100
    $39,427,800
    $44,137,900

    Comparable in this City

    • Value Estimation by Request
      193,744 SF

      14500 Admiralty Way

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      14500 Admiralty Way, Lynnwood, WA 98087-5864
      View Details
    • Value Estimation by Request
      43,103 SF

      14611 Admiralty Way

      APARTMENT HOUSE (100+ UNITS) • 43,103 SF
      14611 Admiralty Way, Lynnwood, WA 98087-1300
      View Details
    • Value Estimation
      $980,000
      69,526 SF

      12731 Mukilteo Speedway

      APARTMENT HOUSE (100+ UNITS) • 69,526 SF
      12731 Mukilteo Speedway, Lynnwood, WA 98087-1551
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    • Value Estimation by Request
      211,468 SF

      3711 164th SW St

      APARTMENT HOUSE (100+ UNITS) • 211,468 SF
      3711 164th SW St, Lynnwood, WA 98087-7058
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    • Value Estimation by Request
      426,238 SF

      15407 Ash Way

      APARTMENT HOUSE (100+ UNITS) • 426,238 SF
      15407 Ash Way, Lynnwood, WA 98087
      View Details
    • Value Estimation by Request
      146,078 SF

      16014 Ash Way

      APARTMENT HOUSE (100+ UNITS) • 146,078 SF
      16014 Ash Way, Lynnwood, WA 98087-8527
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.76 Acres

      Lynnwood Terrace Development Site

      Prime Highway 99 location, mixed-use potential.
      16100-15900 Highway 99, North Lynnwood, WA 98087
      View Details
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      Highway-99 Development Site

      2.76-acre development site with flexible commercial zoning.
      15900-16100 Highway 99, Lynnwood, WA 98087
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      55,321 SF

      Commercially Zoned Lot on Highway

      Commercially zoned 1.27 acre lot on Highway 99.
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    • $150,000

      Profitable Lynnwood Business Opportunity

      Established Food Business - Turnkey Operation
      11124 Bo Undisclosed, Lynnwood, WA 98087
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    • $2,080,000
      44,867 SF

      Residential Development Site For Sale

      Residential land suitable for townhome or lowrise apartment development.
      16126 Larch Way, Lynnwood, WA 98087
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    • $725,000

      Buildable Lot in Prime Location

      16,117 SF lot in Snohomish County, zoned MR.
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    Similar Nearby for Lease

    • $2,100 /Mo

      Highwood Ridge Apartment with Garage

      Two-bedroom apartment in gated community with amenities and garage.
      15026 40Th Ave W, Lynnwood, WA 98087
      View Details
    • $1.35 SF/Yr
      57,778 SF

      Lynnwood Light Industrial Space Available

      9,586 SF light industrial space for lease in Lynnwood.
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      View Details
    • Contact for pricing
      978 SF

      Retail Space in Lynnwood, WA

      Retail space available for lease in Lynnwood, Washington.
      16006-16110 Ash Way, Lynnwood, WA 98087
      View Details
    • $20 SF/Yr
      2,052 SF

      Class A Office Building

      Professional office building with premier location and ample parking.
      1133 164Th St SW, Lynnwood, WA 98087
      View Details
    • $15 SF/Yr
      2,531 SF

      Retail Space on Highway 99

      Retail space available for lease on Highway 99.
      14920-14928 Highway 99, Lynnwood, WA 98087
      View Details
    • $0.21 SF/Yr

      Gravel Yard/Parking Lot For Lease

      Graveled storage yard/parking lot with over 2 acres of usable area.
      3417-3429 132Nd St SW | Lynnwood, Lynnwood, WA 98087
      View Details
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    Lynnwood, WA 98087-6291
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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