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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Automotive properties
20505 Hwy 99 Lynnwood, WA 98036-7451
Entity Owned
23-yr Hold
Free & Clear
Property ID
US90-0922683
Property summary
AI-generated overview
This exceptional value-add investment opportunity encompasses two buildings totaling 25,259 square feet on a 2.19-acre lot in Lynnwood, WA (98036). Located at 20505 & 20515 Hwy 99, the property features a diverse mix of retail and industrial space, currently 40% occupied by month-to-month tenants. The main building, originally a Lexus and Mercedes dealership, boasts 16,152 square feet across three stories, including showroom, offices, service bays, and a basement with roll-up doors. The second building, a former carpet store, offers 9,107 square feet across two floors, featuring storefront space, a grade-level roll-up door, a dock-high loading bay, and a basement with roll-up doors for storage. The property includes 171 parking spaces and benefits from General Commercial - Hwy 99 Mixed Use zoning. Built in 1978 and 1990, this property presents a significant opportunity for an investor seeking to increase occupancy and rental income. The asking price is $6,650,000 ($263.27/sq ft). Additional information is available at www.highway99site.com.
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1990
Construction
WOOD
Total area
7,066 SF
Lot
2.19 ac (95,396 SF)
Zoning code
L6
APN
564100000605
UPID
US90-0922683
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
-
Jafar Co. Hardware & Home Improvement Carpet & Flooring Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$860k
Owner & transaction history
Trimakes LLC · 23 yrs held
Trimakes LLC
since 2003
2 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
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$860k
Range $774k – $946k · ±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
$122 / 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
$29,750
Tax year 2023
Assessed value
$3,626,000
Assessed 2023
Previous assessed
$3,086,000
+17.5% YoY
Effective rate
0.82%
On assessed value
Assessed land
$2,306,200
Assessed improvement
$1,319,800
Land market value
$2,306,200
Improvement market value
$1,319,800
Total market value
$3,626,000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1990
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
3
Stories
2
Total area
7,066 SF
Lot
2.19 ac (95,396 SF)
Zoning code
L6
APN
564100000605
UPID
US90-0922683
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
1990
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Lot
2.19 ac
Current owner
From public records · entity-resolved
Trimakes LLC
Entity
Free & Clear · 23 yrs held
Mailing address
6029 95TH PL SW, MUKILTEO, WA 98275-3524
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2003
—
Trimakes LLC
Trimakas,gediminas & Donna
Quit Claim Deed
related
—
—
—
Gediminas Trimakas
—
Deed Of Trust
related
$2,175,000 · Bank Of America
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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