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Property profile & analytics
OFF-MARKET
Automotive properties
15304 Hwy 99 Lynnwood, WA 98087-5028
Entity Owned
26-yr Hold
~
Est. High Equity
Property ID
US90-0306682
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1954
Construction
WOOD
Total area
1,326 SF
Lot
1.59 ac (69,260 SF)
Zoning code
SK
APN
372901000403
UPID
US90-0306682
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
-
Penske Truck Rental Car Rental Facility
-
J & R Truck Rentals Inc. Car Rental Facility
-
J & R Motorsports Car Dealership
-
U-Save Car & Truck Rental - Lynnwood Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
L & R Properties LLC · 26 yrs held
L & R Properties LLC
since 2000
5 recorded transactions
Zoning & alternative use
SK · 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
—
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
$16,793
Tax year 2023
Assessed value
$1,852,400
Assessed 2023
Previous assessed
$1,598,000
+15.9% YoY
Effective rate
0.91%
On assessed value
Assessed land
$1,721,300
Assessed improvement
$131,100
Land market value
$1,721,300
Improvement market value
$131,100
Total market value
$1,852,400
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1954
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
1,326 SF
Lot
1.59 ac (69,260 SF)
Zoning code
SK
APN
372901000403
UPID
US90-0306682
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.
Building & site characteristics
From public records
Year built
1954
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
1.59 ac
Current owner
From public records · entity-resolved
L & R Properties LLC
Entity
Mailing address
14901 21ST DR SE, MILL CREEK, WA 98012-8244
Ownership since
2000
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
Apr 9, 2020
—
L & R Properties INC
—
Deed
related
$1,450,000 · First Sec Bk/wa
Jan 4, 2000
$1,100,000
L & R Properties LLC
Smith,stanley R & Michelle M
Grant Deed
$764,280 · Frontier Bank
Jul 9, 1999
$610,000
Kolodzie,john L
Jubie,harvey R & Janet G
Trustees Deed
—
—
—
Stanley R Smith
—
Deed Of Trust
related
$607,500 · Frontier Bank
—
—
L & R Properties INC
—
Deed Of Trust
related
$1,450,000 · First Sec Bk/wa
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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