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Property profile & analytics
OFF-MARKET
Estimated value
$5,040,000
Apartment buildings
18225 52nd W Ave, Lynnwood, WA 98037-4432
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-1128635
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2022
Construction
WOOD
Total area
40,386 SF
Lot
12.11 ac (527,512 SF)
Zoning code
LG
APN
27041600102800
UPID
US90-1128635
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
-
novo on 52nd Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.81M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.04M
Owner & transaction history
Novo On 52nd Lllp · 4 yrs held
Novo On 52nd Lllp
since 2022
Last sale
$4.8M
7 recorded transactions
Zoning & alternative use
LG · 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
$4,760,000
ML approach
$5,810,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.04M
Range $4.54M – $5.54M · ±10% · vs last sale $4.80M (Feb 2 2022)
Last sale anchor
$4.80M
Feb 2 2022
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
$125 / 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
$15,814
Tax year 2023
Assessed value
$34,551,900
Assessed 2023
Previous assessed
$30,048,000
+15.0% YoY
Effective rate
0.05%
On assessed value
Assessed land
$15,915,000
Assessed improvement
$18,636,900
Land market value
$15,915,000
Improvement market value
$18,636,900
Total market value
$34,551,900
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
2022
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
9
Stories
3
Units
240
Rooms
240
Total area
40,386 SF
Lot
12.11 ac (527,512 SF)
Zoning code
LG
APN
27041600102800
UPID
US90-1128635
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LG · Lynnwood, WA
Zoning LG · permitted uses
LG · 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
2022
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
9
Units
240
Rooms
240
Lot
12.11 ac
Current owner
From public records · entity-resolved
Novo On 52nd Lllp
Entity
Free & Clear · 4 yrs held
Mailing address
120 W CATALDO AVE STE #100, SPOKANE, WA 99201-3211
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2023
—
Novo On 52nd Lllp
—
Deed
related
$44,000,000 · Citibank NA
Feb 16, 2022
—
Novo On 52nd Lllp
—
Deed
related
$44,000,000 · Citibank NA
Feb 3, 2022
—
Novo On 52 Np Lllp
—
Deed
related
$13,700,000 · Wells Fargo Bank NA
Feb 2, 2022
—
Novo On 52nd Lllp
Hasco 52nd Avenue West LLC
Warranty Deed
—
Sep 2, 2011
—
Hasco 52nd Avenue West LLC
Hasco-whispering Pines LP
Quit Claim Deed
—
Sep 14, 1995
$5,150,000
Hasco-whispering Pines LP
Washington Mutual Fsb
Grant Deed
—
—
—
Hasco-whispering Pines
—
Deed Of Trust
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.
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