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Property profile & analytics
OFF-MARKET
Estimated value
$2,435,000
Drug stores
16423 Larch Way Lynnwood, WA 98037-8108
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0296883
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2002
Construction
WOOD
Total area
14,977 SF
Lot
2.32 ac (101,059 SF)
Zoning code
CB
APN
373700500301
UPID
US90-0296883
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
-
Priti A. Trivedi, PharmD Pharmacy
-
Dennis L. Lee, PharmD Pharmacy
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
SemaConnect Charging Station Electric Vehicle Charging Station
-
FedEx OnSite Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.25M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.44M
Owner & transaction history
Great Lake Investment Corporation · 8 yrs held
Great Lake Investment Corporation
since 2017
6 recorded transactions
Zoning & alternative use
CB · 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%
$3,520,000
6.5%
$3,245,000
7%
$3,015,000
Blend value · Realmo final
$2.44M
Range $2.19M – $2.68M · ±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
$163 / 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
$41,537
Tax year 2023
Assessed value
$4,987,200
Assessed 2023
Previous assessed
$5,365,000
-7.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$3,580,100
Assessed improvement
$1,407,100
Land market value
$3,580,100
Improvement market value
$1,407,100
Total market value
$4,987,200
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2002
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Bathrooms
1
Total area
14,977 SF
Lot
2.32 ac (101,059 SF)
Zoning code
CB
APN
373700500301
UPID
US90-0296883
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CB · Lynnwood, WA
Zoning CB · permitted uses
CB · 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
2002
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
2.32 ac
Current owner
From public records · entity-resolved
Great Lake Investment Corporation
Entity
Mailing address
PO BOX 218, BELLEVUE, WA 98009-0218
Ownership since
2017
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
Nov 1, 2017
$4,900,000
Great Lake Investment Corporation
The Harley & Michelle O Neil Family
Warranty Deed
$2,500,000 · Us Bank NA
Oct 4, 2017
—
Harley & Michele Oneil Fami
Lynnwood Pharmacy Assocs LLC
Quit Claim Deed
related
—
May 1, 2017
—
Lynnwood Pharmacy Associates LLC
—
Deed
related
$4,100,000 · Alaska USA FCU
Dec 28, 2001
$4,200,000
Lynnwood Pharmacy Assoc LLC
164 & Larch LLC
Grant Deed
$3,250,000 · Bridger Commercial Funding LLC
May 15, 2000
$1,250,000
164 & Larch LLC
Marjorie E Wilcoxin Estate
Grant Deed
$3,940,000 · Lasalle National Bank
—
—
Lynnwood Pharmacy Assocs LLC
—
Deed Of Trust
related
$4,275,000 · Key Bank NA
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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