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Property profile & analytics
OFF-MARKET
Estimated value
$1,915,000
Industrial properties
19504 24th W Ave Lynnwood, WA 98036-4868
Entity Owned
8-yr Hold
Free & Clear
Property ID
US90-0466099
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1994
Construction
TYPE NOT SPECIFIED
Total area
16,707 SF
Lot
0.88 ac (38,333 SF)
Zoning code
SA
APN
27041400302500
UPID
US90-0466099
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
-
Peregrine Manufacturing Industrial Manufacturer Production Facility
-
JL Remodeling, Inc. Construction Company General Contractor
-
Live Wire Electric Electrical Service General Contractor
-
Toikka Electric Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.50M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.92M
Owner & transaction history
Wallace Legacy LLC · 8 yrs held
Wallace Legacy LLC
since 2018
7 recorded transactions
Zoning & alternative use
SA · 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%
$2,705,000
6.5%
$2,495,000
7%
$2,320,000
Blend value · Realmo final
$1.92M
Range $1.72M – $2.11M · ±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
$115 / 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
$23,918
Tax year 2023
Assessed value
$2,834,200
Assessed 2023
Previous assessed
$2,794,500
+1.4% YoY
Effective rate
0.84%
On assessed value
Assessed land
$1,152,600
Assessed improvement
$1,681,600
Land market value
$1,152,600
Improvement market value
$1,681,600
Total market value
$2,834,200
Applied tax rate
2,446.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1994
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Stories
2
Bathrooms
4
Total area
16,707 SF
Lot
0.88 ac (38,333 SF)
Zoning code
SA
APN
27041400302500
UPID
US90-0466099
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SA · Lynnwood, WA
Zoning SA · permitted uses
SA · 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
1994
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
4
Lot
0.88 ac
Current owner
From public records · entity-resolved
Wallace Legacy LLC
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 833, MANSON, WA 98831-0833
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2018
—
Wallace Legacy LLC
Toikka,gene & Mane
Grant Deed
—
Jun 13, 2016
—
Wallace Legacy LLC
—
Deed
related
$1,390,000 · Boeing Emps Cu
Jan 20, 2012
$1,750,000
Wallace Legacy LLC
Toikka,gene & Marie
Dual Purpose Document
$1,698,754 · Gene & Marie Toikka
Sep 24, 2001
$224,900
Christopher Irons
Regimbal,kevin
Grant Deed
$120,000 · Chase Manhattan Mortgage Corp
Dec 15, 1999
$201,950
Dustin Baungard
Kennard Place I
Grant Deed
$150,000 · Us Bank NA
Mar 1, 1990
$112,000
Gene Toikka
Unknown
Quit Claim Deed
related
—
—
—
Gene R Toikka
—
Deed Of Trust
related
$76,136 · City Bank
—
—
Wallace Legacy LLC
—
Deed Of Trust
related
$1,390,000 · Boeing Emps Cu
—
—
Gene R Toikka
—
Deed Of Trust
related
$2,000,000 · Business Men's Assurance Co
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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