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Property profile & analytics
OFF-MARKET
Estimated value
$5,515,000
Apartment buildings
15001 35th W Ave, Lynnwood, WA 98087-2343
Entity Owned
20-yr Hold
Free & Clear
Property ID
US90-1050925
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1989
Construction
WOOD
Total area
63,488 SF
Lot
16.81 ac (732,244 SF)
Zoning code
SI
APN
372900800702
UPID
US90-1050925
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
-
A'Cappella Apartment Homes Apartment Complex
-
We Wash 24 (Bike/Boat/Book/etc) Store
-
flooring installation LLC Construction Company General Contractor
-
PERFECT KING ROOFING LLC Roofing Company General Contractor
-
Acapella 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
$5.52M
Owner & transaction history
Renaissance Two LLC · 20 yrs held
Renaissance Two LLC
since 2005
4 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
$87 / 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
$700,551
Tax year 2023
Assessed value
$84,705,300
Assessed 2023
Previous assessed
$82,308,000
+2.9% YoY
Effective rate
0.83%
On assessed value
Assessed land
$18,380,600
Assessed improvement
$66,324,700
Land market value
$18,380,600
Improvement market value
$66,324,700
Total market value
$84,705,300
Applied tax rate
2,446.0000
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
1989
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
8
Stories
2
Units
361
Rooms
722
Bathrooms
526
Total area
63,488 SF
Lot
16.81 ac (732,244 SF)
Zoning code
SI
APN
372900800702
UPID
US90-1050925
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
1989
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
8
Units
361
Rooms
722
Bathrooms
526
Lot
16.81 ac
Current owner
From public records · entity-resolved
Renaissance Two LLC
Entity
Free & Clear · 20 yrs held
Mailing address
9757 NE JUANITA DR STE #300, KIRKLAND, WA 98034-4291
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2005
—
Renaissance Two LLC
Weidner,w D
Quit Claim Deed
related
—
Apr 1, 1998
—
W D Weidner
—
Deed Of Trust
related
$6,000,000 · National Bank Alaska
Nov 1, 1987
$296,000
—
—
Grant Deed
related
—
—
—
W D Weidner
—
Deed Of Trust
related
$12,800,000 · New York Life Insurance
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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