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Property profile & analytics
OFF-MARKET
Estimated value
$7,425,000
Hotels
18204 Alderwood Mall Pkwy Lynnwood, WA 98037
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US90-1293662
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1987
Construction
WOOD
Total area
39,840 SF
Lot
1.45 ac (63,162 SF)
Zoning code
LA
APN
372800300300
UPID
US90-1293662
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.61M
Comparable Approach
Comparable
$7.27M
Blend (final)
Blend
$7.43M
Owner & transaction history
Grand Prix Lynnwood LLC · 19 yrs held
Grand Prix Lynnwood LLC
since 2007
6 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%
$4,995,000
6.5%
$4,610,000
7%
$4,280,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$12,075,000
Change: -5% · Conversion: Difficult
WAREHOUSE, STORAGE
$11,505,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$7.43M
Range $6.68M – $8.17M · ±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
$186 / 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
$96,177
Tax year 2023
Assessed value
$12,606,300
Assessed 2023
Previous assessed
$10,800,000
+16.7% YoY
Effective rate
0.76%
On assessed value
Assessed land
$1,793,000
Assessed improvement
$10,813,300
Land market value
$1,793,000
Improvement market value
$10,813,300
Total market value
$12,606,300
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
1987
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
4
Stories
3
Bathrooms
150
Total area
39,840 SF
Lot
1.45 ac (63,162 SF)
Zoning code
LA
APN
372800300300
UPID
US90-1293662
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
$12.1M
WAREHOUSE, STORAGE
Est. value
$11.5M
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
1987
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
4
Bathrooms
150
Lot
1.45 ac
Current owner
From public records · entity-resolved
Grand Prix Lynnwood LLC
Entity
Mailing address
545 E JOHN CARPENTER FWY STE #1400, IRVING, TX 75062-3933
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2019
—
Grand Prix Lynnwood LLC
—
Deed
related
$755,000,000 · Bank Of America NA
May 11, 2017
—
Grand Prix Lynnwood LLC
—
Deed
related
$754,000,000 · Morgan Stanley Bk
Jul 16, 2007
—
Grand Prix Lynnwood LLC
Innkeepers Ri Northwest
Warranty Deed
—
—
—
Grand Prix Lynnwood LLC
—
Deed Of Trust
related
$635,000,000 · Jp Morgan Chase Bank NA
—
—
Grand Pix Lynnwood LLC
—
Deed Of Trust
related
$575,000,000 · J P Morgan Chase Bank
—
—
Grand Prix Lynnwood LLC
—
Deed Of Trust
related
$754,000,000 · Morgan Stanley Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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