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Property profile & analytics
OFF-MARKET
Estimated value
$1,985,000
Hotels
15007 Hwy 99 Lynnwood, WA 98087-2317
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0917770
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1953
Construction
WOOD
Total area
6,908 SF
Lot
0.76 ac (33,106 SF)
Zoning code
SK
APN
372901001204
UPID
US90-0917770
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.50M
Blend (final)
Blend
$1.99M
Owner & transaction history
Liu Hsi · 4 yrs held
Liu Hsi
since 2021
Last sale
$1.9M
5 recorded transactions
Zoning & alternative use
SK · Lynnwood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.3M
+49.4%
Apartment house (5+ units)
$2.9M
+29.4%
Medical building
$2.7M
+22.1%
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
$2,205,000
ML approach
$2,430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,210,000
Current use
AUTO REPAIR, GARAGE
$3,300,000
Change: +49% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,855,000
Change: +29% · Conversion: Difficult
MEDICAL BUILDING
$2,695,000
Change: +22% · Conversion: Difficult
OFFICE BUILDING
$2,365,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,095,000
Change: -5% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,995,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.99M
Range $1.79M – $2.18M · ±10% · vs last sale $1.90M (Dec 14 2021)
Last sale anchor
$1.90M
Dec 14 2021
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
$287 / 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
$14,097
Tax year 2023
Assessed value
$1,672,700
Assessed 2023
Previous assessed
$1,235,000
+35.4% YoY
Effective rate
0.84%
On assessed value
Assessed land
$1,051,400
Assessed improvement
$621,300
Land market value
$1,051,400
Improvement market value
$621,300
Total market value
$1,672,700
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1953
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Units
9
Rooms
9
Bathrooms
10
Total area
6,908 SF
Lot
0.76 ac (33,106 SF)
Zoning code
SK
APN
372901001204
UPID
US90-0917770
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SK · Lynnwood, WA
Zoning SK · permitted uses
SK · 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
HOTEL/MOTEL Current
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.1M
WAREHOUSE, STORAGE
Est. value
$2.0M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
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
1953
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
9
Rooms
9
Bathrooms
10
Lot
0.76 ac
Current owner
From public records · entity-resolved
Liu Hsi
Individual
Mailing address
7520 242ND PL SW, EDMONDS, WA 98026-8539
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2021
$1,900,000
Liu Hsi
Cestreba Holdings LLC
Warranty Deed
$1,000,000 · Cestreba Holdings LLC
Oct 5, 2018
$281
Burch M Cambers
Accommodations Family LP IV
Quit Claim Deed
related
—
Oct 1, 2015
—
Cestreaba Holdings LLC
Johnson Robert W Trust
Grant Deed
—
Mar 3, 1997
—
Robert W Johnson
City Bank
Quit Claim Deed
related
—
—
—
Accommodation Family
—
Deed Of Trust
related
$130,500 · Thelma R Baldridge
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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