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Property profile & analytics
OFF-MARKET
Estimated value
$2,435,000
Apartment buildings
16605 Ash Way, Lynnwood, WA 98037-5329
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US90-2154767
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2019
Construction
WOOD
Total area
24,796 SF
Lot
3.82 ac (166,399 SF)
Zoning code
SK
APN
372800600200
UPID
US90-2154767
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
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Troy the thrill hill Nightclub Bar & Pub
-
Allegro Lynnwood Apartment Building Apartment Complex
-
Rainy City labs Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.44M
Owner & transaction history
Hasco Allegro Lynnwood LLC
Hasco Allegro Lynnwood LLC
since 2026
7 recorded transactions
Zoning & alternative use
SK · 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
$98 / 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
$228,040
Tax year 2023
Assessed value
$29,071,200
Assessed 2023
Previous assessed
$16,899,000
+72.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$3,697,100
Assessed improvement
$25,374,100
Land market value
$3,697,100
Improvement market value
$25,374,100
Total market value
$29,071,200
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
2019
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
6
Stories
3
Units
36
Total area
24,796 SF
Lot
3.82 ac (166,399 SF)
Zoning code
SK
APN
372800600200
UPID
US90-2154767
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SK · Lynnwood, WA
Zoning SK · permitted uses
SK · 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
2019
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
6
Units
36
Lot
3.82 ac
Current owner
From public records · entity-resolved
Hasco Allegro Lynnwood LLC
Entity
Mailing address
1518 1ST AVE S STE #500, SEATTLE, WA 98134-1456
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2026
—
Hasco Allegro Lynnwood LLC
Allegro Assets LLC
Bargain & Sale Deed
$78,550,000 · Us Bank Trust Co NA
Jul 20, 2022
—
Allegro Assets LLC
—
Deed
related
$28,000,000 · Bellco Cu
Apr 25, 2022
—
16525 Ash Way LLC
—
Deed
related
$31,245,000 · Trez Capital 2016 Corporation
Apr 20, 2022
—
Snohomish County
16525 Ash Way LLC
Warranty Deed
—
May 24, 2021
—
Allegro Associates De LLC
Allegro At Ash Creek LLC
Intrafamily Transfer
related
$25,500,000 · Argentic Real Estate Investment LLC
Jun 18, 2019
—
Allegro At Ash Creek LLC
—
Loan Modification
related
$27,234,000 · Trez Blue Diamond Portfolio LP
Nov 3, 2016
—
Allegro Of Ash Creek LLC
16525 Ash Way LLC
Quitclaim Deed
related
—
Oct 20, 2016
—
16525 Ash Way LLC
—
Deed
related
$1,850,000 · Ncn Lending LLC Ncn Lending LLC
Sep 23, 2016
—
1652 Ash Way LLC
Bph Devs Group LLC
Warranty Deed
—
Aug 5, 2015
—
Allegro At Ash Creek LLC
Pegasus Pacific INC
Warranty Deed
—
Jun 30, 2011
—
Pegasus Pacific INC
Shergar Land Corp
Quit Claim Deed
related
—
Dec 11, 2009
—
Shergar Land Corp
Ashmont Estates LLC
Deed In Lieu Of Foreclosure
related
—
—
—
Shergar Land Corp
—
Deed Of Trust
related
$1,143,196 · Integral Northwest Corp
—
—
Ashmont Estates LLC
—
Deed Of Trust
related
$780,356 · Sheragr Land Corp
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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