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Property profile & analytics
OFF-MARKET
Estimated value
$25,535,000
Apartment buildings
16619 Larch Way, Lynnwood, WA 98037-8884
Entity Owned
19-yr Hold
Free & Clear
Property ID
US90-1792229
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1999
Construction
WOOD
Total area
134,532 SF
Lot
9.02 ac (392,911 SF)
Zoning code
S2
APN
373700500100
UPID
US90-1792229
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
-
Eco Plus Cleaning Solutions LLC General Contractor
-
Pedroso Tile Construction Company General Contractor
-
United Goods USA Home Decor Store Department Store
-
Heritage Ridge Apartments Apartment Complex Apartment Building
-
Dancing Tree Works Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$30.96M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$25.54M
Owner & transaction history
Eqr-the Ridge LLC · 19 yrs held
Eqr-the Ridge LLC
since 2006
3 recorded transactions
Zoning & alternative use
S2 · 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%
$33,535,000
6.5%
$30,955,000
7%
$28,745,000
Blend value · Realmo final
$25.54M
Range $22.98M – $28.09M · ±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
$190 / 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
$480,993
Tax year 2023
Assessed value
$59,464,800
Assessed 2023
Previous assessed
$47,732,000
+24.6% YoY
Effective rate
0.81%
On assessed value
Assessed land
$13,801,000
Assessed improvement
$45,663,800
Land market value
$13,801,000
Improvement market value
$45,663,800
Total market value
$59,464,800
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
1999
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
2
Stories
3
Total area
134,532 SF
Lot
9.02 ac (392,911 SF)
Zoning code
S2
APN
373700500100
UPID
US90-1792229
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
S2 · Lynnwood, WA
Zoning S2 · permitted uses
S2 · 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
1999
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
2
Lot
9.02 ac
Current owner
From public records · entity-resolved
Eqr-the Ridge LLC
Entity
Free & Clear · 19 yrs held
Mailing address
PO BOX 87407, CHICAGO, IL 60680-0407
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2006
$25,740,900
Eqr-the Ridge LLC
Residential Inv Partners 1997
Warranty Deed
—
Mar 25, 1999
$1,200,000
Residential Investment Partner
Krause,arlene O
Grant Deed
$6,430,000 · Us Bank
—
—
Residential Inv Partners LLC
—
Deed Of Trust
related
$14,750,000 · Prudential Multifamily Mtg 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.
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