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Property profile & analytics
OFF-MARKET
Turn key restaurants
16404 36th W Ave Lynnwood, WA 98037-7001
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-1080173
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1965
Construction
WOOD
Total area
1,614 SF
Zoning code
SJ
APN
372700200103
UPID
US90-1080173
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
-
Coffee Mill Espresso Restaurant
-
Shell Gas Station
-
True Light Market Gas Station
-
Emerald City Espresso Take-out & Catering Cafe & Coffee Shop
-
Bitcoin ATM Now Bitcoin ATM Atm
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
True Light Petro LLC · 7 yrs held
True Light Petro LLC
since 2019
7 recorded transactions
Zoning & alternative use
SJ · 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
$4,232
Tax year 2023
Assessed value
$543,700
Assessed 2023
Previous assessed
$377,000
+44.2% YoY
Effective rate
0.78%
On assessed value
Assessed improvement
$543,700
Improvement market value
$543,700
Total market value
$543,700
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1965
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
1,614 SF
Zoning code
SJ
APN
372700200103
UPID
US90-1080173
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SJ · Lynnwood, WA
Zoning SJ · permitted uses
SJ · 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
1965
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
True Light Petro LLC
Entity
Mailing address
16404 36TH AVE W, LYNNWOOD, WA 98037-7001
Mailing matches property
Yes
Owner-occupied
Yes
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2026
—
True Light Petro LLC
—
Deed
related
—
Feb 12, 2026
—
True Light Petro LLC
—
Deed
related
$175,530 · Centre Oak Capital INC
Nov 20, 2025
—
True Light Petro LLC
—
Deed
related
—
Apr 27, 2022
—
True Light Petro LLC
—
Deed
related
$779,900 · United States Small Business Admin
Feb 16, 2022
—
True Light Petro LLC
—
Deed
related
$250,000 · Vertex Capital Group LLC
Feb 5, 2021
—
True Light Petro LLC
—
Deed
related
$1,075,750 · Banner Bank
Jun 14, 2019
$1,665,000
True Light Petro LLC
Sk Exxon LLC
Warranty Deed
$155,000 · Sk Exxon LLC
Mar 6, 2000
$720,000
Sk Exxon LLC
16404 36th Avenue West LLC
Grant Deed
$566,482 · Seller
Mar 12, 1999
$207,507
16404-36th Avenue West LLC
Ryba,philip G
Trustees Deed
—
Aug 1, 1991
$253,000
—
—
Grant Deed
related
—
—
—
16404-36th Avenue West LLC
—
Deed Of Trust
related
$148,823 · Individual
—
—
Sk Exxon LLC
—
Deed Of Trust
related
$667,500 · Wilshire State Bank
—
—
Philip G Ryba
—
Deed Of Trust
related
$60,000 · Bismark Mortgage Co INC
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.
Try Rey
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