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Property profile & analytics
OFF-MARKET
Estimated value
$1,650,000
Industrial properties
17410 Ash Way Lynnwood, WA 98037-7907
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0093963
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2008
Construction
TYPE NOT SPECIFIED
Total area
10,362 SF
Lot
1.38 ac (60,113 SF)
Zoning code
S1
APN
372800102100
UPID
US90-0093963
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
-
Seattle Custom Car Wraps (Bike/Boat/Book/etc) Store Printing Service
-
Cats Exotics Car Dealership
-
NorthWest Auto Salon Car Wash
-
Fire Protection Inc General Contractor Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.65M
CAP Approach
CAP
$1.55M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.65M
Owner & transaction history
Cats Properties LLC · 2 yrs held
Cats Properties LLC
since 2024
Last sale
$1.7M
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
$1,650,000
ML approach
$1,650,000
CAP Approach
CAP Return
Estimation
6%
$1,675,000
6.5%
$1,550,000
7%
$1,440,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,630,000
Current use
Blend value · Realmo final
$1.65M
Range $1.49M – $1.82M · ±10% · vs last sale $1.65M (Jun 11 2024)
Last sale anchor
$1.65M
Jun 11 2024
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
$159 / 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
$20,340
Tax year 2023
Assessed value
$2,357,000
Assessed 2023
Previous assessed
$2,357,000
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$612,900
Assessed improvement
$1,744,100
Land market value
$612,900
Improvement market value
$1,744,100
Total market value
$2,357,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2008
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Total area
10,362 SF
Lot
1.38 ac (60,113 SF)
Zoning code
S1
APN
372800102100
UPID
US90-0093963
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.6M
INDUSTRIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
1.38 ac
Current owner
From public records · entity-resolved
Cats Properties LLC
Entity
Mailing address
17791 FJORD DR NE STE #154, POULSBO, WA 98370-8482
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2024
—
Cats Properties LLC
Roy L Cats
Intrafamily Transfer
related
—
Jan 26, 2011
$1,650,000
Roy L Cats
Dreal Ash Way LLC
Warranty Deed
$1,196,250 · Prime Pacific Bank N A
Oct 3, 2005
$520,000
Dreal Ash Way LLC
Balser,richard A & Corinne L
Warranty Deed
$260,000 · Richard A & Corinne L Balser
Oct 6, 2000
$98,000
Lake Lynnwood LLC
Foot,e J & Dorothy J
Grant Deed
$117,139 · Prime Pacific Bank NA
—
—
Richard A Balser
—
Deed Of Trust
related
$65,000 · Design Real Estate Assocs Ltd
—
—
Roy L Cats
—
Deed Of Trust
related
$1,170,845 · Mountain Pacific Bank
—
—
Roy L Cats
—
Deed Of Trust
related
$1,161,842 · Whidbey Island Bank
—
—
Lake Lynnwood LLC
—
Deed Of Trust
related
$45,000 · Kenneth P & Joyce B Merriman
—
—
Richard A Balser
—
Deed Of Trust
related
$147,000 · Washington Mutual Fsb
—
—
Dreal 2004 LLC
—
Deed Of Trust
related
$4,600,000 · Symetra Life Insurance Co
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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