Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Office buildings
18215 Hwy 99 Lynnwood, WA 98037-4407
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0020721
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1953
Construction
WOOD
Total area
1,472 SF
Lot
0.23 ac (10,019 SF)
Zoning code
CG
APN
374300400102
UPID
US90-0020721
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
-
Enterprise Rent-A-Car Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$950k
CAP Approach
CAP
$430k
Comparable Approach
Comparable
$802k
Blend (final)
Blend
$690k
Owner & transaction history
Ap Real Property LLC · 5 yrs held
Ap Real Property LLC
since 2020
Last sale
$692,175
6 recorded transactions
Zoning & alternative use
CG · Lynnwood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$705,000
+39.7%
Medical building
$575,000
+14.1%
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
$875,000
ML approach
$950,000
CAP Approach
CAP Return
Estimation
6%
$465,000
6.5%
$430,000
7%
$400,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$505,000
Current use
AUTO REPAIR, GARAGE
$705,000
Change: +40% · Conversion: Difficult
MEDICAL BUILDING
$575,000
Change: +14% · Conversion: Easy
COMMERCIAL (GENERAL)
$445,000
Change: -11% · Conversion: Easy
WAREHOUSE, STORAGE
$425,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $692k (Aug 31 2020)
Last sale anchor
$692k
Aug 31 2020
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
$469 / 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
$6,428
Tax year 2023
Assessed value
$779,500
Assessed 2023
Previous assessed
$670,000
+16.3% YoY
Effective rate
0.82%
On assessed value
Assessed land
$488,500
Assessed improvement
$291,000
Land market value
$488,500
Improvement market value
$291,000
Total market value
$779,500
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1953
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Total area
1,472 SF
Lot
0.23 ac (10,019 SF)
Zoning code
CG
APN
374300400102
UPID
US90-0020721
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CG · Lynnwood, WA
Zoning CG · permitted uses
CG · 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
OFFICE BUILDING Current
Est. value
$505,000
AUTO REPAIR, GARAGE
Est. value
$705,000
MEDICAL BUILDING
Est. value
$575,000
COMMERCIAL (GENERAL)
Est. value
$445,000
WAREHOUSE, STORAGE
Est. value
$425,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1953
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Ap Real Property LLC
Entity
Mailing address
18205 HWY 99, LYNNWOOD, WA 98037-4408
Ownership since
2020
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
Aug 31, 2020
$692,175
Ap Real Property LLC
Smra LLC
Warranty Deed
$692,175 · Smra LLC
Jan 28, 2009
—
Smra LLC
Squalicum Mountain LLC
Warranty Deed
—
Mar 8, 2006
$450,000
Squalicum Mountain LLC
Chaplin,kent & Barbara
Warranty Deed
—
Jul 28, 1997
—
Kent Chaplin
Mcauliffe,james & Rosemary
Quit Claim Deed
related
—
Jan 3, 1996
$99,906
James Mc Auliffe
Chaplin,kent
Quit Claim Deed
related
—
Dec 1, 1992
$99,052
—
—
Grant Deed
related
—
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 18215 Hwy 99?
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.
