New search
Property profile & analytics
OFF-MARKET
Estimated value
$15,460,000
Hotels
18123 Alderwood Mall Pkwy, Lynnwood, WA 98037-3900
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-1708395
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2013
Construction
WOOD
Total area
84,592 SF
Lot
2.97 ac (129,373 SF)
Zoning code
LA
APN
372800400101
UPID
US90-1708395
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
-
Homewood Suites by Hilton Lynnwood Seattle Everett, WA Hotel & Motel Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.79M
Comparable Approach
Comparable
$14.50M
Blend (final)
Blend
$15.46M
Owner & transaction history
Rlj Hs Seattle Lynnwood LLC · 10 yrs held
Rlj Hs Seattle Lynnwood LLC
since 2015
7 recorded transactions
Zoning & alternative use
LA · 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%
$10,610,000
6.5%
$9,790,000
7%
$9,090,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$25,645,000
Change: -5% · Conversion: Difficult
WAREHOUSE, STORAGE
$24,430,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$15.46M
Range $13.91M – $17.01M · ±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
$183 / 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
$191,085
Tax year 2023
Assessed value
$25,129,500
Assessed 2023
Previous assessed
$25,800,000
-2.6% YoY
Effective rate
0.76%
On assessed value
Assessed land
$4,358,800
Assessed improvement
$20,770,700
Land market value
$4,358,800
Improvement market value
$20,770,700
Total market value
$25,129,500
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2013
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
3
Stories
4
Rooms
9
Bathrooms
2
Total area
84,592 SF
Lot
2.97 ac (129,373 SF)
Zoning code
LA
APN
372800400101
UPID
US90-1708395
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LA · Lynnwood, WA
Zoning LA · permitted uses
LA · 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
COMMERCIAL (GENERAL)
Est. value
$25.6M
WAREHOUSE, STORAGE
Est. value
$24.4M
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2013
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
4
Buildings
3
Rooms
9
Bathrooms
2
Lot
2.97 ac
Current owner
From public records · entity-resolved
Rlj Hs Seattle Lynnwood LLC
Entity
Mailing address
7373 WISCONSIN AVE #1500, BETHESDA, MD 20814-3767
Ownership since
2015
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
Apr 18, 2019
—
Rlj Hs Seattle Lynnwood LLC
—
Deed
related
$85,000,000 · Pnc Bank NA
Jul 22, 2015
$33,880,592
Rlj Hs Seattle Lynnwood LLC
Legacy Lynnwood Dev LLC
Grant Deed
—
Jul 22, 2011
—
Legacy Lynnwood LLC
Bjrd LLC
Quit Claim Deed
related
—
May 11, 2010
—
City Of Lynnwood
Legacy Lynnwood LLC
Warranty Deed
—
Feb 28, 2008
$2,720,000
Legacy Lynnwood Dev LLC
Alderwood Holdings II LLC
Warranty Deed
—
Jan 27, 2006
$466,500
Alderwood Holdings II LLC
Ferguson,beatrice A
Warranty Deed
$862,500 · North County Bank
—
—
Legacy Lynnwood Dev LLC
—
Deed Of Trust
related
$14,550,000 · Compass Bank
—
—
Legacy Lynnwood Dev LLC
—
Deed Of Trust
related
$18,700,000 · Compass 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 18123 Alderwood Mall Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
