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Property profile & analytics
OFF-MARKET
Estimated value
$2,995,000
Apartment buildings
16520 Larch Way, Lynnwood, WA 98037-8113
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-0404780
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2013
Construction
WOOD
Total area
31,056 SF
Lot
7.46 ac (324,958 SF)
Zoning code
UC
APN
373700600102
UPID
US90-0404780
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
-
FOX Corporate Housing Travel Agency Vacation Rental
-
Bearded Solutions Computer & Electronic Repair
-
J Plus Presbyterian Church Church Mosque
-
Coconut Studio Marketing & Advertising (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.00M
Owner & transaction history
Fsc Riverstone Of Altia Apts LLC · 7 yrs held
Fsc Riverstone Of Altia Apts LLC
since 2019
7 recorded transactions
Zoning & alternative use
UC · 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
$96 / 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
$474,987
Tax year 2023
Assessed value
$60,314,900
Assessed 2023
Previous assessed
$57,228,000
+5.4% YoY
Effective rate
0.79%
On assessed value
Assessed land
$11,430,100
Assessed improvement
$48,884,800
Land market value
$11,430,100
Improvement market value
$48,884,800
Total market value
$60,314,900
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
2013
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
11
Stories
3
Bathrooms
1
Total area
31,056 SF
Lot
7.46 ac (324,958 SF)
Zoning code
UC
APN
373700600102
UPID
US90-0404780
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
UC · Lynnwood, WA
Zoning UC · permitted uses
UC · 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
2013
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
11
Bathrooms
1
Lot
7.46 ac
Current owner
From public records · entity-resolved
Fsc Riverstone Of Altia Apts LLC
Entity
Mailing address
2151 MICHELSON DR STE #282, IRVINE, CA 92612-1374
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2025
—
Fsc Riverstone Altia Apartments LLC
—
Deed
related
$43,875,000 · Cbre Multifamily Capital INC
Mar 26, 2019
$58,000,000
Fsc Riverstone Of Altia Apts LLC
Oly-ida Altia LLC
Grant Deed
$31,800,000 · Us Bk NA Series 2016-k59 (ce)
Sep 8, 2014
$49,885,000
Oly-ida Altia LLC
Gre Martha Lake LLC
Grant Deed
$31,800,000 · Walker & Dunlop
May 30, 2012
—
County Of Snohomish
Gre Martha Lake LLC
Warranty Deed
—
Dec 22, 2011
$4,500,000
Gre Martha Lake LLC
Union Street Hldgs LLC
Grant Deed
—
Jan 27, 2010
—
Union Street Holdings LLC
Martha Lake Town Center LLC
Deed In Lieu Of Foreclosure
related
—
Sep 14, 2006
$6,000,000
Martha Lake Town Center LLC
Northwest Dist Council Of Assembl
Grant Deed
$13,100,000 · Homestreet Bank
Jun 28, 2002
$267,000
Northwest Dist Council Of Assm
Dorathy E Christopher Estate
Grant Deed
related
—
Jul 1, 1974
—
—
—
Quit Claim Deed
related
—
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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