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Property profile & analytics
OFF-MARKET
Estimated value
$5,245,000
Grocery and convenience stores
17424 Hwy 99 Lynnwood, WA 98037-9241
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1756455
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2002
Construction
TYPE NOT SPECIFIED
Total area
39,586 SF
Lot
2.43 ac (105,851 SF)
Zoning code
L6
APN
513800010112
UPID
US90-1756455
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
-
Cho Dang Tofu Restaurant Restaurant
-
Hyangmi Chinese Restaurant Restaurant
-
Hyang Mi Dumpling Restaurant
-
Asian food market Grocery & Convenience Store Food Market
-
Bethel Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.25M
Owner & transaction history
G Mart LLC · 12 yrs held
G Mart LLC
since 2014
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
$132 / 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
$71,338
Tax year 2023
Assessed value
$9,492,900
Assessed 2023
Previous assessed
$7,384,000
+28.6% YoY
Effective rate
0.75%
On assessed value
Assessed land
$3,799,600
Assessed improvement
$5,693,300
Land market value
$3,799,600
Improvement market value
$5,693,300
Total market value
$9,492,900
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2002
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Total area
39,586 SF
Lot
2.43 ac (105,851 SF)
Zoning code
L6
APN
513800010112
UPID
US90-1756455
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
2002
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
2.43 ac
Current owner
From public records · entity-resolved
G Mart LLC
Entity
Mailing address
1610 BOUNDARY BLVD, AUBURN, WA 98001-6578
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Jun 18, 2014
$5,500,000
G Mart LLC
Pd & Mb LLC
Trustees Deed
$4,675,000 · Bbcn Bk
May 23, 2005
$7,600,000
Pd & Mb LLC
Park,byung C & Young S
Warranty Deed
—
Feb 11, 2005
—
Byung-chan Park
—
Deed Of Trust
related
$1,500,000 · Centerbank
Oct 10, 2001
—
Byung C Park
—
Trustees Deed
related
$1,263,000 · General Electric Capital Corp
Nov 20, 1997
$985,000
Byung C Park
Simchowitz Enterprises
Grant Deed
$735,000 · Kent Industries
—
—
Pd & Mb LLC
—
Deed Of Trust
related
$5,264,500 · Cathay Bank
—
—
Byung C Park
—
Deed Of Trust
related
$1,300,000 · Evergreen Community Dev Assn
—
—
Pd & Mb LLC
—
Deed Of Trust
related
$1,000,000 · Cathay 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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