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Property profile & analytics
OFF-MARKET
Estimated value
$7,915,000
Retail space
19225 Alderwood Mall Pkwy Lynnwood, WA 98036-4870
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1606233
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Construction
TYPE NOT SPECIFIED
Total area
47,550 SF
Lot
3.48 ac (151,589 SF)
Zoning code
PCD
APN
27041400301800
UPID
US90-1606233
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
-
Geek Squad Tech Support Center (Bike/Boat/Book/etc) Store
-
Magnolia Electronics & Wireless Store
-
Best Buy Electronics & Wireless Store
-
David's Bridal Lynnwood WA Clothing & Fashion Store
-
Alterations by David's Bridal Lynnwood WA (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.31M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.92M
Owner & transaction history
Vestar Alderwood Parkway LLC · 3 yrs held
Vestar Alderwood Parkway LLC
since 2022
6 recorded transactions
Zoning & alternative use
PCD · 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%
$11,170,000
6.5%
$10,310,000
7%
$9,570,000
Blend value · Realmo final
$7.92M
Range $7.12M – $8.71M · ±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
$166 / 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
$115,957
Tax year 2023
Assessed value
$15,315,200
Assessed 2023
Previous assessed
$15,610,500
-1.9% YoY
Effective rate
0.76%
On assessed value
Assessed land
$3,010,100
Assessed improvement
$12,305,100
Land market value
$3,010,100
Improvement market value
$12,305,100
Total market value
$15,315,200
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
2002
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Total area
47,550 SF
Lot
3.48 ac (151,589 SF)
Zoning code
PCD
APN
27041400301800
UPID
US90-1606233
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
PCD · Lynnwood, WA
Zoning PCD · permitted uses
PCD · 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
2002
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
3.48 ac
Current owner
From public records · entity-resolved
Vestar Alderwood Parkway LLC
Entity
Mailing address
2415 E CAMELBACK RD STE #100, PHOENIX, AZ 85016-9282
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2022
—
Vestar Alderwood Parkway LLC
Vestar Alderwood Parkway Place LLC
Intrafamily Transfer
related
$51,500,000 · The Northwest Mutual Life Insurance
Dec 19, 2019
—
Vestar Alderwood Parkway Place
Alderwood Parkway Place LLC
Quit Claim Deed
$6,000,000 · Miscellaneous Ins Co
Jun 13, 2017
—
Alderwood Parkway Place LLC
—
Grant Deed
related
$6,000,000 · Miscellaneous Ins Co
May 31, 2002
—
Alderwood Parkway Place LLC
—
Deed Of Trust
related
$11,800,000 · Lincoln National Life Ins
Mar 21, 2001
$3,076,919
Gay E Brennan
—
Grant Deed
related
—
—
—
Gay E Brennan
—
Deed Of Trust
related
$550,000 · 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.
Try Rey
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