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Property profile & analytics
OFF-MARKET
Estimated value
$7,130,000
Warehouses
16902 Alderwood Mall Pkwy Lynnwood, WA 98037-3216
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US90-1391908
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1987
Construction
TYPE NOT SPECIFIED
Total area
48,000 SF
Lot
5.66 ac (246,550 SF)
Zoning code
S1
APN
27041000100800
UPID
US90-1391908
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
-
Alderwood Safe Storage Storage Facility
-
lynnwood rv storage Storage Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.06M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.13M
Owner & transaction history
Alderwood Safe Storage LLC · 18 yrs held
Alderwood Safe Storage LLC
since 2007
7 recorded transactions
Zoning & alternative use
S1 · 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%
$8,730,000
6.5%
$8,060,000
7%
$7,485,000
Blend value · Realmo final
$7.13M
Range $6.42M – $7.84M · ±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
$149 / 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
$95,306
Tax year 2023
Assessed value
$11,082,240
Assessed 2023
Previous assessed
$8,720,000
+27.1% YoY
Effective rate
0.86%
On assessed value
Assessed land
$4,629,400
Assessed improvement
$6,452,840
Land market value
$4,629,400
Improvement market value
$6,452,840
Total market value
$11,082,240
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1987
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Buildings
4
Stories
1
Rooms
5
Bathrooms
2
Total area
48,000 SF
Lot
5.66 ac (246,550 SF)
Zoning code
S1
APN
27041000100800
UPID
US90-1391908
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
S1 · Lynnwood, WA
Zoning S1 · permitted uses
S1 · 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
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Rooms
5
Bathrooms
2
Lot
5.66 ac
Current owner
From public records · entity-resolved
Alderwood Safe Storage LLC
Entity
Mailing address
PO BOX 13270, EVERETT, WA 98206-3270
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2019
—
Alderwood Safe Storage LLC
—
Grant Deed
related
$11,000,000 · Miscellaneous Ins Co
Nov 5, 2007
—
Alderwood Safe Storage LLC
Skol Properties & Invs LLC
Grant Deed
$7,800,000 · Pnc Bank
Oct 7, 1999
$759,595
Jeffrey E Critchlow
Courtyard Village #i
Grant Deed
$380,000 · City Bank
Jan 28, 1998
—
Properties Skol
Skold,douglas E
Quit Claim Deed
related
$15,275,000 · Heller Financial
Feb 1, 1989
$2,015,000
Douglas Skold
Unknown
Grant Deed
$1,732,900 · Individual
—
—
Douglas E Skold
—
Deed Of Trust
related
$2,440,000 · Frontier Bank
—
—
Dmt Partnership
—
Deed Of Trust
related
$970,000 · Heller Financial
—
—
Douglad E Skold
—
Deed Of Trust
related
$75,000 · Frontier 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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