Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,630,000
Retail space
19630 40th W Ave Lynnwood, WA 98036-6701
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1418097
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1976
Construction
TYPE NOT SPECIFIED
Total area
5,046 SF
Lot
0.39 ac (16,988 SF)
Zoning code
42
APN
372600701309
UPID
US90-1418097
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
by Request
CAP Approach
CAP
$1.10M
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$1.63M
Owner & transaction history
Enso Lynnwood Owner LLC · 2 yrs held
Enso Lynnwood Owner LLC
since 2024
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
42 · Lynnwood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+84.5%
Auto repair, garage
$2.4M
+70.1%
Apartment house (5+ units)
$2.1M
+47.2%
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%
$1,185,000
6.5%
$1,095,000
7%
$1,015,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,415,000
Current use
RESTAURANT
$2,615,000
Change: +85% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,410,000
Change: +70% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,085,000
Change: +47% · Conversion: Difficult
MEDICAL BUILDING
$1,970,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,530,000
Change: +8% · Conversion: Easy
WAREHOUSE, STORAGE
$1,455,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$1.63M
Range $1.47M – $1.79M · ±10% · vs last sale $1.99M (Mar 28 2024)
Last sale anchor
$1.99M
Mar 28 2024
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
$323 / 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
$9,738
Tax year 2023
Assessed value
$1,282,000
Assessed 2023
Previous assessed
$1,145,000
+12.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$914,500
Assessed improvement
$367,500
Land market value
$914,500
Improvement market value
$367,500
Total market value
$1,282,000
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
1976
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
5,046 SF
Lot
0.39 ac (16,988 SF)
Zoning code
42
APN
372600701309
UPID
US90-1418097
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
42 · Lynnwood, WA
Zoning 42 · permitted uses
42 · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.4M
RESTAURANT
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.5M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1976
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Enso Lynnwood Owner LLC
Entity
Mailing address
19630 40TH AVE WB, LYNNWOOD, WA 98036-6701
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2024
—
Enso Lynnwood Owner LLC
—
Deed
related
$67,600,000 · Pacific Life Insurance Co
Jun 28, 2024
$1,988,000
Enso Lynnwood Owner LLC
Pro Land Investments
Warranty Deed
—
May 8, 2018
—
Pro Land Investment LP
—
Deed
related
—
Aug 5, 1999
$364,423
Pro-land Investments
Phillips Management INC
Grant Deed
$249,950 · Frontier Bank
Apr 1, 1989
$350,000
—
—
Grant Deed
related
$339,500 · Seller
—
—
Pro-land Enterprises
—
Deed Of Trust
related
$33,219 · Bank Of Edmonds
—
—
Pro-land Investments
—
Deed Of Trust
related
—
—
—
Pro-land Investments
—
Deed Of Trust
related
$60,000 · Bank Of Washington
—
—
Por-land Investments
—
Deed Of Trust
related
$160,000 · Banner Bank
—
—
Pro-land Investments
—
Deed Of Trust
related
$462,000 · Frontier Bank
—
—
Pro-land Investments
—
Deed Of Trust
related
$787,500 · Banner Bank
—
—
Phillips Management INC
—
Deed Of Trust
related
$249,950 · Frontier 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 19630 40th W Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
