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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Auto shops
19623 24th W Ave Lynnwood, WA 98036-6969
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1739600
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1981
Construction
TYPE NOT SPECIFIED
Total area
16,800 SF
Lot
1.18 ac (51,401 SF)
Zoning code
L6
APN
27042300201200
UPID
US90-1739600
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$625k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$830k
Owner & transaction history
Aar 2 LLC · 6 yrs held
Aar 2 LLC
since 2019
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
$625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$830k
Range $747k – $913k · ±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
$49 / 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
$22,840
Tax year 2023
Assessed value
$3,030,200
Assessed 2023
Previous assessed
$2,880,000
+5.2% YoY
Effective rate
0.75%
On assessed value
Assessed land
$1,185,600
Assessed improvement
$1,844,600
Land market value
$1,185,600
Improvement market value
$1,844,600
Total market value
$3,030,200
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1981
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Total area
16,800 SF
Lot
1.18 ac (51,401 SF)
Zoning code
L6
APN
27042300201200
UPID
US90-1739600
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
1981
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
1.18 ac
Current owner
From public records · entity-resolved
Aar 2 LLC
Entity
Mailing address
PO BOX 802206, DALLAS, TX 75380-2206
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2019
—
Nicholas C Stack
—
Deed
related
—
Dec 19, 2019
—
Nicholas C Stack
—
Deed
related
—
Oct 7, 2019
—
Aar 2 LLC
Nicholas C Stack
Quit Claim Deed
related
—
Sep 12, 2019
—
Nicholas C Stack
—
Deed
related
$700,000 · Coastal Community Bank
Jun 8, 2016
—
Nicholas C Stack
—
Deed
related
—
Dec 31, 2013
$1,800,280
Nicholas C Stack
William C Feely
Warranty Deed
$1,286,250 · Prime Pacific Bank NA
Dec 6, 2012
—
Feely Jim R Trust
—
Deed Of Trust
related
$1,542,000 · Whidbey Island Bank
Oct 5, 2011
—
Feely Jim R Trust
Feely Jim R
Quit Claim Deed
related
—
Jul 20, 2011
—
Jim R Feely
Feely Sofia
Quit Claim Deed
related
—
—
—
Jim R Feely
—
Deed Of Trust
related
$165,000 · USA Commercial Mortgage Co
—
—
Nicholas C Stack
—
Loan Modification
related
—
—
—
Nicholas C Stack
—
Loan Modification
related
—
—
—
Nicholas C Stack
—
Loan Modification
related
—
—
—
Feely Jim R Trust
—
Deed Of Trust
related
$650,000 · Whidbey Island 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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