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Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Retail space
16715 52nd W Ave Lynnwood, WA 98037-3081
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US90-1560609
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1963
Construction
WOOD
Total area
8,847 SF
Lot
1.43 ac (62,291 SF)
Zoning code
43
APN
513800009610
UPID
US90-1560609
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
-
Brother's Chinese Restaurant Restaurant
-
OrchidPeaks Montessori High School Daycare Center
-
Hairitage’s Salon Hair Salon
-
Avanti Pizza & Pasta Restaurant
-
Day & Nite Foods Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.31M
Owner & transaction history
Honey Bee Corp · 21 yrs held
Honey Bee Corp
since 2005
5 recorded transactions
Zoning & alternative use
43 · 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
$148 / 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
$17,804
Tax year 2023
Assessed value
$2,365,800
Assessed 2023
Previous assessed
$2,224,000
+6.4% YoY
Effective rate
0.75%
On assessed value
Assessed land
$1,797,800
Assessed improvement
$568,000
Land market value
$1,797,800
Improvement market value
$568,000
Total market value
$2,365,800
Applied tax rate
452.0000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1963
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
8,847 SF
Lot
1.43 ac (62,291 SF)
Zoning code
43
APN
513800009610
UPID
US90-1560609
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
43 · Lynnwood, WA
Zoning 43 · permitted uses
43 · 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
1963
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
1.43 ac
Current owner
From public records · entity-resolved
Honey Bee Corp
Entity
Mailing address
16715 52ND AVE W, LYNNWOOD, WA 98037-3081
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2005
$1,050,000
Honey Bee Corp
Haeseong INC
Warranty Deed
$945,000 · Saehan Bank
Dec 30, 1999
$1,225,000
Haeseong INC
Hsieh,joe & Grace Y
Grant Deed
$582,322 · Individual
Jun 1, 1991
$568,000
—
—
Grant Deed
related
$374,880 · Seller
—
—
Honey Bee Corp
—
Deed Of Trust
related
$50,000 · Unibank
—
—
Haeseong INC
—
Deed Of Trust
related
$800,000 · Coastal Community Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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