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Property profile & analytics
OFF-MARKET
Estimated value
$4,670,000
Retail properties & Spaces
16504 Hwy 99 Lynnwood, WA 98037-9501
Entity Owned
~
Est. High Equity
Property ID
US90-1083469
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1994
Construction
TYPE NOT SPECIFIED
Total area
43,302 SF
Lot
2.52 ac (109,771 SF)
Zoning code
SA
APN
372700800401
UPID
US90-1083469
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
-
Advanced Installation General Contractor
-
Rich's for the Home - Lynnwood Furniture & Home Goods Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.67M
Owner & transaction history
Richs 99 LLC
Richs 99 LLC
since 2025
6 recorded transactions
Zoning & alternative use
SA · 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
$108 / 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
$56,734
Tax year 2023
Assessed value
$6,796,100
Assessed 2023
Previous assessed
$7,206,000
-5.7% YoY
Effective rate
0.83%
On assessed value
Assessed land
$3,932,000
Assessed improvement
$2,864,100
Land market value
$3,932,000
Improvement market value
$2,864,100
Total market value
$6,796,100
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1994
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Total area
43,302 SF
Lot
2.52 ac (109,771 SF)
Zoning code
SA
APN
372700800401
UPID
US90-1083469
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SA · Lynnwood, WA
Zoning SA · permitted uses
SA · 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
1994
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
2.52 ac
Current owner
From public records · entity-resolved
Richs 99 LLC
Entity
Mailing address
16504 HWY 99, LYNNWOOD, WA 98037-9501
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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 31, 2025
—
Richs 99 LLC
—
Deed
related
$6,747,500 · 1st Security Bank Of Washington
Aug 30, 2016
—
Richs 99 LLC
—
Deed
related
$4,500,000 · Umpqua Bank
Apr 30, 2013
—
Richs 99 LLC
—
Grant Deed
related
$3,500,000 · Sterling Bk
Oct 1, 1991
$825,000
—
Kent,michael Ent
Grant Deed
related
$725,000 · Kent Michael Ent
—
—
Richs 99 LLC
—
Deed Of Trust
related
$3,300,000 · J P Morgan Chase Bank
—
—
Lawrence E Chapman
—
Deed Of Trust
related
$1,774,000 · Standard Mortgage Investors
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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