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Property profile & analytics
OFF-MARKET
Estimated value
$45,420,000
Apartment buildings
19501 40th W Ave Lynnwood, WA 98036-5723
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-0358983
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2017
Construction
WOOD
Total area
337,473 SF
Lot
1.74 ac (75,969 SF)
Zoning code
42
APN
372600401801
UPID
US90-0358983
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
-
Destinations Lynnwood Real Estate Agency
-
Freedom 4ever Blog .Com Homestay
-
Airy Greetings Marketing & Advertising
-
SHAG Lynnwood City Center Senior Living Housing Association
-
ALDERWOOD PROFESSIONAL CENTER Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$45.42M
Owner & transaction history
Cpi-grep Aa I Lynnwood Owner L · 7 yrs held
Cpi-grep Aa I Lynnwood Owner L
since 2019
7 recorded transactions
Zoning & alternative use
42 · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$45.42M
Range $40.88M – $49.96M · ±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
$135 / 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
$1,203
Tax year 2023
Assessed value
$67,939,500
Assessed 2023
Previous assessed
$68,729,000
-1.1% YoY
Effective rate
0.00%
On assessed value
Assessed improvement
$67,939,500
Improvement market value
$67,939,500
Total market value
$67,939,500
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
2017
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
8
Bathrooms
0
Total area
337,473 SF
Lot
1.74 ac (75,969 SF)
Zoning code
42
APN
372600401801
UPID
US90-0358983
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
42 · Lynnwood, WAZoning 42 · permitted uses
42 · Lynnwood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2017
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
8
Bathrooms
0
Lot
1.74 ac
Current owner
From public records · entity-resolved
Cpi-grep Aa I Lynnwood Owner L
Individual
Mailing address
465 MEETING ST STE #500, CHARLESTON, SC 29403-7123
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2025
—
Cpi Grep Aa I Lynnwood Owner LP
—
Deed
related
$54,600,000 · Grandbridge Real Estate Capital LLC
Mar 7, 2019
—
Cpi-grep Aa I Lynnwood Owner L
Lynnwood City Ctr Senior Livin
Quit Claim Deed
$46,800,000 · Cbre Cap Markets
Mar 11, 2016
—
Lynnwood City Center Senior Living
Lynnwood City Center Senior Living
Warranty Deed
related
$39,576,000 · Citibank NA
Dec 27, 2013
$1,650,000
Lynnwood City Center Senior Li
Washington Fedl
Grant Deed
—
Jun 25, 2010
$5,399,999
Washington Fedl Svgs
Lpsl Corporate Svcs INC
Trustees Deed
related
—
Jun 4, 2009
—
Michael R Mastro
—
Deed Of Trust
related
$3,000,000 · Horizon Bank
Jan 17, 2007
$6,975,000
Michael R Mastro
Lctr LLC
Warranty Deed
—
Jan 2, 1996
—
Jfx LLC
Lynn Enterprises III
Grant Deed
related
—
Oct 1, 1993
$415,000
—
—
Grant Deed
related
—
Sep 27, 1993
—
Lynn Enterprises
Fox
Grant Deed
related
—
Mar 1, 1988
$400,000
Jack E Fox
Unknown
Grant Deed
$372,000 · Rainier National Bank
—
—
Lynnwood City Center Senior Li
—
Deed Of Trust
related
$1,000,000 · Wolff Principal Holdings LP
—
—
Jfx LLC
—
Deed Of Trust
related
$2,502,500 · Commerce Bank Of Washington
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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