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Property profile & analytics
OFF-MARKET
Estimated value
$17,805,000
Apartment buildings
19801 50th W Ave, Lynnwood, WA 98036-6416
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US90-1669976
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1968
Construction
WOOD
Total area
94,635 SF
Lot
4.55 ac (198,198 SF)
Zoning code
LD
APN
608400200200
UPID
US90-1669976
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
-
Woodland Greens Apartment Building
-
Williams Investments Apartment Apartment Building
-
griffins landscape Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.78M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.81M
Owner & transaction history
Woodland Greens Gjj LLC · 17 yrs held
Woodland Greens Gjj LLC
since 2009
4 recorded transactions
Zoning & alternative use
LD · 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%
$23,590,000
6.5%
$21,775,000
7%
$20,220,000
Blend value · Realmo final
$17.81M
Range $16.02M – $19.59M · ±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
$188 / 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
$10,057
Tax year 2023
Assessed value
$41,302,800
Assessed 2023
Previous assessed
$21,413,000
+92.9% YoY
Effective rate
0.02%
On assessed value
Assessed land
$5,263,000
Assessed improvement
$36,039,800
Land market value
$5,263,000
Improvement market value
$36,039,800
Total market value
$41,302,800
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
1968
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
3
Stories
3
Rooms
122
Bathrooms
122
Total area
94,635 SF
Lot
4.55 ac (198,198 SF)
Zoning code
LD
APN
608400200200
UPID
US90-1669976
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LD · Lynnwood, WA
Zoning LD · permitted uses
LD · 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
1968
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
3
Rooms
122
Bathrooms
122
Lot
4.55 ac
Current owner
From public records · entity-resolved
Woodland Greens Gjj LLC
Entity
Mailing address
19801 50TH AVE W, LYNNWOOD, WA 98036-6416
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2009
—
Woodland Greens Gjj LLC
Sherwood Housing Partners
Warranty Deed
$11,760,000 · Alliant Capital LLC
Sep 25, 1997
$7,850,000
Sherwood Housing Partner
Sherwood North Ltd
Grant Deed
related
—
Sep 25, 1997
—
Sherwood Housing Partners
—
Deed Of Trust
related
$2,596,000 · Ocwen Federal Bank Fsb
—
—
Sherwood Housing Partners
—
Deed Of Trust
related
$600,000 · Snohomish County
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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