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Property profile

15615 Highway 99 Lynnwood, WA 98087

FOR SALE
Bars & Pubs
Property ID
US90-1269797
21,973 SF 0.44 ac lot Built 1947
Last sale Jan 2017 · $3,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is configured to support retail, showroom, and warehouse use, with spaces designed for leasing and requiring advance notice for occupancy transitions. The building includes a grade-level oversized loading door and provides secured parking in a back lot. Pylon signage is available for tenant identification. The site is positioned for convenient access to major regional roadways, including Highway 99, SR 525, I-405, and I-5. The available layouts include retail spaces ranging from…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$13k
Tax billed · 2023
Assessed value$1.46M
Assessed land$668k
Assessed improvement$794k
Effective rate0.89%

Value estimate

· Oct 2026
$525k
$473k – $578k
NOI build-up
Gross scheduled income$379k
Vacancy & credit loss−$26k
Operating expenses−$53k
NOI · 9.10% cap applied$300k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$518/SF
County average, outlier-cleaned · 117 recorded sales of this use type
Observed band · Q1–Q3$210 – $830

Cap rate analysis

How does the asset earn?
9.10%
$300k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
UC
JurisdictionSNOHOMISH

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm12.9
HVAC Service12.7
Garden Center10.2

Location

15615 Highway 99 Lynnwood, WA 98087
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
14807 Hwy 99, Lynnwood, WA 98087-2314 $8,140,000 Jun 2024 20,052 SF
406 164th SW, Lynnwood, WA 98087-8114 $2,800,000 Feb 2023 15,000 SF
13624 Hwy 99, Lynnwood, WA 98087-1606 $14,200,000 Apr 2022 52,088 SF
15015 Hwy 99, Lynnwood, WA 98087-5019 $2,100,000 May 2020 7,340 SF
14920 Hwy 99, Lynnwood, WA 98087-2300 $5,200,000 Oct 2019 14,064 SF
2600 162nd SW, Lynnwood, WA 98087-3263 $1,800,000 Aug 2019 7,351 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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