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Property profile & analytics
OFF-MARKET
Estimated value
$1,295,000
Retail space
15004 Hwy 99 Lynnwood, WA 98087-4720
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-0867839
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1993
Construction
TYPE NOT SPECIFIED
Total area
5,074 SF
Lot
0.27 ac (11,761 SF)
Zoning code
UC
APN
372901000702
UPID
US90-0867839
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
-
Siam 65 Cafe&Bistro Restaurant
-
Siam65 Cafe and Bistro Restaurant
-
Ka Won Korean BBQ Restaurant Restaurant
-
Aprilflower Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.30M
CAP Approach
CAP
$1.10M
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.30M
Owner & transaction history
3sy LLC · 1 yrs held
3sy LLC
since 2024
Last sale
$1.3M
6 recorded transactions
Zoning & alternative use
UC · Lynnwood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.1M
+47.2%
Medical building
$2.0M
+39.0%
Office building
$1.7M
+21.8%
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
Method
Estimation
Statistic approach
$1,295,000
ML approach
$1,295,000
CAP Approach
CAP Return
Estimation
6%
$1,190,000
6.5%
$1,100,000
7%
$1,020,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,425,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,100,000
Change: +47% · Conversion: Difficult
MEDICAL BUILDING
$1,980,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$1,735,000
Change: +22% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,540,000
Change: +8% · Conversion: Easy
WAREHOUSE, STORAGE
$1,465,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$1.30M
Range $1.17M – $1.42M · ±10% · vs last sale $1.30M (Aug 26 2024)
Last sale anchor
$1.30M
Aug 26 2024
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
$255 / 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
$9,091
Tax year 2023
Assessed value
$1,089,200
Assessed 2023
Previous assessed
$1,294,000
-15.8% YoY
Effective rate
0.83%
On assessed value
Assessed land
$480,800
Assessed improvement
$608,400
Land market value
$480,800
Improvement market value
$608,400
Total market value
$1,089,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1993
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Bathrooms
1
Total area
5,074 SF
Lot
0.27 ac (11,761 SF)
Zoning code
UC
APN
372901000702
UPID
US90-0867839
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
UC · Lynnwood, WA
Zoning UC · permitted uses
UC · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.5M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1993
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
3sy LLC
Entity
Free & Clear · 1 yrs held
Mailing address
305 W FRNT ST, NOME, AK 99762
Ownership since
2024
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
Aug 26, 2024
—
3sy LLC
Sang Yul Yi
Quit Claim Deed
related
—
Mar 28, 2019
$1,295,000
Sang Y Yi
Eb International Corp
Warranty Deed
$842,000 · Bank Of Hope
Feb 16, 2017
$1,250,000
Eb International Corporation
Jovworld Hotel LLC
Warranty Deed
$820,050 · Mountain Pacific Bank
Nov 14, 2016
$1,180,000
Joyworld Hotel LLC
Alta Maxine Melvin
Warranty Deed
$820,352 · Mountain Pacific Bank
Apr 14, 2005
—
Melvin Alta M Trust
Melvin,alta M
Quit Claim Deed
related
—
Sep 1, 1992
$100,000
—
—
Grant Deed
related
$60,000 · Seller
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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