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Property profile & analytics
OFF-MARKET
Estimated value
$1,470,000
Commercial land
14727 35th NE Ave Lake Forest Park, WA 98155-7831
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-3048051
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1927
Total area
940 SF
Lot
0.2 ac (8,706 SF)
Zoning code
SG-C
APN
156810-0670
UPID
US90-3048051
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.47M
Owner & transaction history
Winter Suite LLC · 3 yrs held
Winter Suite LLC
since 2023
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
SG-C · Lake Forest Park, 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 Lake Forest Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Forest Park 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
$1,430,000
ML approach
$1,440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.47M
Range $1.32M – $1.62M · ±10% · vs last sale $1.50M (Apr 12 2023)
Last sale anchor
$1.50M
Apr 12 2023
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
$1,564 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$4,923
Tax year 2022
Assessed value
$539,700
Assessed 2022
Previous assessed
$539,700
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$539,700
Land market value
$539,700
Total market value
$539,700
Applied tax rate
1,239.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1927
Heating
FORCED AIR
Stories
1
Bathrooms
2
Total area
940 SF
Lot
0.2 ac (8,706 SF)
Zoning code
SG-C
APN
156810-0670
UPID
US90-3048051
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SG-C · Lake Forest Park, WA
Zoning SG-C · permitted uses
SG-C · Lake Forest Park, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Forest Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1927
Heating
FORCED AIR
Stories
1
Bathrooms
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
Winter Suite LLC
Entity
Mailing address
16192 COASTAL HWY, LEWES, DE 19958-3608
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2023
$1,458,481
Winter Suite LLC
Lfp Lake View Condos LLC
Trustees Deed
related
—
Jul 1, 2020
$1,500,000
Lfp Lake View Condos LLC
14727 Investments LLC
Warranty Deed
$4,412,450 · Fidelis Equity & R/e Fund A Ll
Mar 30, 2015
$395,900
14727 Investment LLC
Our Capital Group
Warranty Deed
—
Dec 4, 2014
$281,000
Our Capital Group
Northwest Te Svcs INC|williams,john L JR & Beth E
Trustees Deed
related
—
Mar 26, 2013
—
John L Williams JR.
Williams,beth E
Quit Claim Deed
related
—
Feb 27, 2002
$56,530
John L Williams
Himle,c T
Quit Claim Deed
related
$178,200 · Loancity Com
Aug 31, 2000
$180,000
John L Williams
Williams,jacqueline L
Grant Deed
related
$126,000 · New Century Mortgage
—
—
Jacqueline L Williams
—
Deed Of Trust
related
$90,000 · Keycorp Mortgage INC
—
—
John L Williams
—
Deed Of Trust
related
$210,000 · Bank Of America
—
—
John L Williams
—
Deed Of Trust
related
$90,000 · Bank Of America
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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