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    16629 Hwy 99b Lynnwood, WA 98037-3163
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    Property profile & analytics

    16629 Hwy 99b, Lynnwood, WA 98037-3163

    View on Map
    • Turn key restaurants
    • 2,852 SF
    • 0.97 lot acres
    Off-Market
    Last Sale Oct 14, 2022
    $3,480,000
    Property ID
    US90-0420652
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,455,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 16629 Hwy 99b

    Year built
    1999
    Construction
    WOOD
    Lot size
    0.97 lot acres
    Zone code
    CG
    Property type
    Turn key restaurants
    APN
    372700900305
    APU
    372700900305

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 15, 2024 — Vz Fuels LLC — Deed · related $15k · Phillips 66 Company
    Feb 16, 2023 — Vz Fuels LLC — Deed · related $1.1M · Evergreen Business Capital
    Oct 14, 2022 $3,480,000 Vz Fuels LLC Shri Ganesh LLC Warranty Deed $1.1M · First Interstate Bank
    Nov 20, 2019 $2,350,000 Shri Ganesh LLC Delta Global INC Warranty Deed $1.5M · Readycap Lndg
    Aug 15, 2014 $1,250,000 Delta Global Incorporated Bankers Capital Management LLC Special Warranty Deed $1M · Open Bank
    Mar 28, 2007 $1,600,000 Youngs Retail Service INC Sb Brothers INC Warranty Deed $1.7M · Saehan Bank
    Dec 21, 2004 $1,150,000 Sb Brothers INC Taw Investment Corp Warranty Deed —
    Oct 15, 2001 — T A W Investment Corp Snohomish County (wa) Grant Deed · related —
    — — Delta Global INC — Deed Of Trust · related $525k · Bp West Coast Products
    — — S B Brothers INC — Deed Of Trust · related $1.3M · Unibank
    — — S B Brothers INC — Deed Of Trust · related $426k · Sun R Park

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,450,000
      ML approach
      $3,410,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,367,000
      Market price range: $599k - $2.37M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lynnwood
    County
    Snohomish
    State
    Washington
    Longitude
    -122.294
    Latitude
    47.8475
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,651
    $1,565,000
    $959,000
    $2,524,000
    -
    $1,565,000
    $959,000
    $2,524,000

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      9,737 SF

      18800 Alderwood Mall Pkwy

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      18733 Hwy 99

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      18733 Hwy 99, Lynnwood, WA 98037-4510
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      18110 Alderwood Mall Pkwy

      RESTAURANT
      18110 Alderwood Mall Pkwy, Lynnwood, WA 98037-3959
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    Similar Nearby for Sale

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      Freestanding Restaurant Pad Near Mall

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      Lynnwood Commercial Property For Sale

      Commercial property in Lynnwood with recent updates and ample space.
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      Mixed-Use Investment Redevelopment Opportunity

      High-visibility commercial property with income and redevelopment potential.
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      Lynnwood Mobile Home Park Opportunity

      Well-maintained mobile home park with income potential in Lynnwood, WA.
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      Office Suites Available for Lease

      Office suites available in Edmonds/Lynnwood submarket.
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      Land For Sale Lynnwood

      Land available for sale in Lynnwood, Washington.
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    Similar Nearby for Lease

    • $10,053 /Mo
      4,810 SF

      Restaurant Space Ready to Open

      Former full-service restaurant space available for rent.
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      2,763 SF

      Highway 99 Retail/Office Endcap

      Renovated retail/office space with high exposure and flexible layout.
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      2,506 SF

      Retail Space in Lynnwood

      Retail space available for lease in Lynnwood, Washington.
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      3,982 SF

      Prime Showroom/Retail/Office Space Available

      Showroom/retail/office space with high visibility and ample parking.
      18009 Highway 99, Lynnwood, WA 98037
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    • $43,000
      2,150 SF

      Retail Space Available For Rent

      Retail space available for rent, possible combination with adjacent space.
      17925 Highway 99, Lynnwood, WA 98037
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    • $6,620 /Mo
      3,175 SF

      Lynnwood Commercial Space Available

      Commercial space available for rent in Lynnwood, Washington.
      3405 188Th St SW, Lynnwood, WA 98037
      View Details
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    Lynnwood, WA 98037-3163
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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