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Property profile & analytics
OFF-MARKET
Estimated value
$1,630,000
Retail space
18601 Hwy 99 Lynnwood, WA 98037-4576
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-0358994
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1978
Construction
WOOD
Total area
10,472 SF
Lot
0.95 ac (41,382 SF)
Zoning code
L6
APN
374300400603
UPID
US90-0358994
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
-
Modoo Korean Restaurant Restaurant
-
MAP-IT Managed Services Tech Support Center IT Consulting Firm
-
Cafe tokki Cafe & Coffee Shop
-
Hope Construction Construction Company General Contractor
-
ATOK LLC Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.27M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.63M
Owner & transaction history
Sok H Ryu · 9 yrs held
Sok H Ryu
since 2016
7 recorded transactions
Zoning & alternative use
L6 · 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%
$2,460,000
6.5%
$2,270,000
7%
$2,110,000
Blend value · Realmo final
$1.63M
Range $1.47M – $1.79M · ±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
$156 / 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
$22,947
Tax year 2023
Assessed value
$3,060,700
Assessed 2023
Previous assessed
$2,620,000
+16.8% YoY
Effective rate
0.75%
On assessed value
Assessed land
$1,539,000
Assessed improvement
$1,521,700
Land market value
$1,539,000
Improvement market value
$1,521,700
Total market value
$3,060,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1978
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Total area
10,472 SF
Lot
0.95 ac (41,382 SF)
Zoning code
L6
APN
374300400603
UPID
US90-0358994
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.
Building & site characteristics
From public records
Year built
1978
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.95 ac
Current owner
From public records · entity-resolved
Sok H Ryu
Individual
Mailing address
13738 WAYNE PL N, SEATTLE, WA 98133-7178
Ownership since
2016
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
Sep 14, 2016
—
Sok H Ryu
Weitzel,walker G
Quit Claim Deed
related
—
Jun 3, 2016
—
Sarah M Han
Han,sarah M
Quit Claim Deed
related
—
Mar 4, 2016
—
Sarah M Han
Ryu,sok H
Quit Claim Deed
related
—
Sep 26, 2013
—
Sok H Ryu
Han,uk
Quit Claim Deed
related
—
Jun 7, 2013
—
Uk Han
Uni Property LLC
Quit Claim Deed
related
—
Oct 27, 2010
$112,078
Uni Property LLC
City Bk
Grant Deed
—
Dec 15, 2008
$2,384,878
City Bk
Gilbert Jeffrey P Trust
Trustees Deed
related
—
May 25, 2006
—
Kim & Lee Properties LLC
Ntw Ptshp
Warranty Deed
$1,300,000 · Ntw Ptshp
—
—
Kim & Lee Properties LLC
—
Deed Of Trust
related
$1,700,000 · Wilshire State Bank
—
—
Kim & Lee Properties LLC
—
Deed Of Trust
related
$560,000 · Aeryong Kim
—
—
Kim & Lee Properties LLC
—
Deed Of Trust
related
$2,377,362 · City 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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