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Property profile & analytics
OFF-MARKET
Estimated value
$8,670,000
Automotive properties
17510 Hwy 99 Lynnwood, WA 98037-3146
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-1482074
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1977
Construction
WOOD
Total area
12,254 SF
Lot
0.74 ac (32,234 SF)
Zoning code
L6
APN
513800010110
UPID
US90-1482074
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
-
Northwest Motorsport Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.67M
Owner & transaction history
3rw Properties LLC · 2 yrs held
3rw Properties LLC
since 2023
Last sale
$8.4M
7 recorded transactions
Zoning & alternative use
L6 · Lynnwood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.4M
+8.5%
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
$8,795,000
ML approach
$9,090,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$5,855,000
Current use
RESTAURANT
$6,350,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$8.67M
Range $7.80M – $9.54M · ±10% · vs last sale $8.40M (Jul 28 2023)
Last sale anchor
$8.40M
Jul 28 2023
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
$708 / 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
$18,603
Tax year 2023
Assessed value
$2,464,800
Assessed 2023
Previous assessed
$2,322,000
+6.1% YoY
Effective rate
0.75%
On assessed value
Assessed land
$1,242,500
Assessed improvement
$1,222,300
Land market value
$1,242,500
Improvement market value
$1,222,300
Total market value
$2,464,800
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1977
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Total area
12,254 SF
Lot
0.74 ac (32,234 SF)
Zoning code
L6
APN
513800010110
UPID
US90-1482074
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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$5.9M
RESTAURANT
Est. value
$6.4M
AUTO REPAIR, GARAGE Current
RESTAURANT
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
1977
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.74 ac
Current owner
From public records · entity-resolved
3rw Properties LLC
Entity
Free & Clear · 2 yrs held
Ownership since
2023
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
Jul 28, 2023
$8,400,000
3rw Properties LLC
Hilt In Vestment Holdings LLC
Special Warranty Deed
—
Mar 27, 2023
—
Kim H Bray
Lambra LLC
Quit Claim Deed
related
—
Mar 27, 2023
$5,000,000
Hilt Investments Holdings LLC
Kim H Bray
Warranty Deed
—
Jun 8, 1999
—
Lambra LLC
Pelan,robert M & Benita J
Quit Claim Deed
related
$1,991,509 · Money Store Commercial Mtg
Nov 13, 1997
—
Lynnwood City (wa)
Town,christopher D & Vickie L
Grant Deed
related
—
Nov 5, 1997
$365,533
Robert M Pelan
Town,christopher D & Vickie L
Grant Deed
—
Aug 19, 1996
$183,500
Town,christopher D & Vickie L
Stueckle,marit
Trustees Deed
$850,000 · City Bank
Aug 13, 1996
—
Marit Stueckle
Teigland,erling
Quit Claim Deed
related
—
—
—
Christopher D Town
—
Deed Of Trust
related
$1,105,708 · City Bank
—
—
Lambra LLC
—
Deed Of Trust
related
$1,800,000 · Cnl Mortgage
—
—
Lambra LLC
—
Deed Of Trust
related
$2,250,000 · Cascade 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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