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Property profile & analytics
OFF-MARKET
Turn key restaurants
16722 Hwy 99 Lynnwood, WA 98037-3165
Individually Owned
25-yr Hold
~
Est. High Equity
Property ID
US90-0295156
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1987
Construction
WOOD
Total area
3,724 SF
Lot
0.75 ac (32,670 SF)
Zoning code
L6
APN
372700900407
UPID
US90-0295156
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
-
Dairy Queen Grill & Chill Restaurant Take-out & Catering
-
American Air Inc Corporate Office
-
Express Roofing - New Roof Installation & Repair Service Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sadiq S Karmall · 25 yrs held
Sadiq S Karmall
since 2001
7 recorded transactions
Zoning & alternative use
L6 · 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
—
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
$15,547
Tax year 2023
Assessed value
$2,100,000
Assessed 2023
Previous assessed
$1,786,000
+17.6% YoY
Effective rate
0.74%
On assessed value
Assessed land
$1,234,300
Assessed improvement
$865,700
Land market value
$1,234,300
Improvement market value
$865,700
Total market value
$2,100,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
3,724 SF
Lot
0.75 ac (32,670 SF)
Zoning code
L6
APN
372700900407
UPID
US90-0295156
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
L6 · Lynnwood, WA
Zoning L6 · permitted uses
L6 · 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
1987
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Sadiq S Karmall
Individual
Mailing address
13631 NE 135TH PL, KIRKLAND, WA 98034-5533
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2018
—
Sadiq Steve Karmali
—
Deed
related
$1,400,000 · Coastal Commerce Bank
Apr 19, 2001
$836,357
Sadiq S Karmall
Ollinger,richard J & Elva L
Grant Deed
$795,000 · Richard J & Elva L Ollinger
Dec 16, 1999
$825,000
Richard J Ollinger
Elhard,robert B & Deborah K
Grant Deed
—
—
—
Sadiq S Karmali
—
Deed Of Trust
related
$865,000 · Bank Of America
—
—
Sadiq S Karmali
—
Deed Of Trust
related
$277,500 · Key Bank NA
—
—
Robert B Elhard
—
Deed Of Trust
related
$102,822 · City Bank
—
—
Sadiq S Karmali
—
Deed Of Trust
related
$1,079,090 · Banner Bank
—
—
Sadiq S Karmali
—
Deed Of Trust
related
$813,400 · Money Store Investment Corp
—
—
Robert B Elhard
—
Deed Of Trust
related
$300,929 · City Bank
—
—
Elhard Enterprises
—
Deed Of Trust
related
$100,000 · City Bank
—
—
Lynnwood Dairy Queen
—
Deed Of Trust
related
$475,000 · City 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.
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