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Property profile & analytics
OFF-MARKET
Estimated value
$21,405,000
Apartment buildings
16003 Admiralty Way, Lynnwood, WA 98087-6455
Entity Owned
6-yr Hold
Property ID
US90-0790337
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2022
Construction
WOOD
Total area
119,080 SF
Lot
1.11 ac (48,352 SF)
Zoning code
SI
APN
372900401401
UPID
US90-0790337
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
-
Silver Light Web Development Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Home Color Painting Painting
-
Ravenswood Apartments Apartment Complex
-
RR Mobile Detailing Car Wash
-
Home Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$27.40M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.41M
Owner & transaction history
Ravenswood Apartments LLC · 6 yrs held
Ravenswood Apartments LLC
since 2019
6 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$29,685,000
6.5%
$27,400,000
7%
$25,445,000
Blend value · Realmo final
$21.41M
Range $19.26M – $23.55M · ±10%
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
$180 / 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
$2,474
Tax year 2023
Assessed value
$53,239,000
Assessed 2023
Previous assessed
$7,742,300
+587.6% YoY
Effective rate
0.00%
On assessed value
Assessed land
$1,025,200
Assessed improvement
$52,213,800
Land market value
$1,025,200
Improvement market value
$52,213,800
Total market value
$53,239,000
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
2022
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
5
Stories
5
Rooms
7
Bathrooms
2
Total area
119,080 SF
Lot
1.11 ac (48,352 SF)
Zoning code
SI
APN
372900401401
UPID
US90-0790337
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
2022
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
5
Buildings
5
Rooms
7
Bathrooms
2
Lot
1.11 ac
Current owner
From public records · entity-resolved
Ravenswood Apartments LLC
Entity
Mailing address
10900 NE 8TH ST STE #1200, BELLEVUE, WA 98004-4460
Ownership since
2019
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
Dec 12, 2023
—
Ravenswood Apartments LLC
—
Deed
related
$6,450,000 · Us Bank NA
Dec 13, 2019
$3,000,050
Ravenswood Apartments LLC
Roderick J Keffeler
Trustees Deed
$80,259,284 · Keybank USA
Feb 23, 1996
$190,000
Roderick J Keffeler
Reynolds,milton G & Clara
Grant Deed
$150,000 · Seller
—
—
Roderick J Keffeler
—
Deed Of Trust
related
$36,500 · Fleet Finance
—
—
Roderick J Keffeler
—
Deed Of Trust
related
$167,000 · Bank Of America
—
—
Roderick J Keffeler
—
Deed Of Trust
related
$163,000 · Washington Mutual Fsb
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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