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Property profile & analytics
OFF-MARKET
Estimated value
$5,495,000
Warehouses
20610 48th W Ave Lynnwood, WA 98036-7607
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1109140
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1973
Construction
WOOD
Total area
8,192 SF
Lot
3.9 ac (169,884 SF)
Zoning code
L7
APN
619500000900
UPID
US90-1109140
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
$6.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.50M
Owner & transaction history
Kelleher Hoidngs LLC · 2 yrs held
Kelleher Hoidngs LLC
since 2023
Last sale
$5.2M
5 recorded transactions
Zoning & alternative use
L7 · Lynnwood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.0M
+110.9%
Restaurant
$4.2M
+79.5%
Auto repair, garage
$3.9M
+65.4%
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
$5,445,000
ML approach
$6,145,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,990,000
Change: +111% · Conversion: Difficult
RESTAURANT
$4,245,000
Change: +79% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,915,000
Change: +65% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,390,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$5.50M
Range $4.95M – $6.04M · ±10% · vs last sale $5.20M (Jul 31 2023)
Last sale anchor
$5.20M
Jul 31 2023
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
$671 / 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
$14,734
Tax year 2023
Assessed value
$1,950,200
Assessed 2023
Previous assessed
$3,288,000
-40.7% YoY
Effective rate
0.76%
On assessed value
Assessed land
$1,690,300
Assessed improvement
$259,900
Land market value
$1,690,300
Improvement market value
$259,900
Total market value
$1,950,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1973
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Bathrooms
1
Total area
8,192 SF
Lot
3.9 ac (169,884 SF)
Zoning code
L7
APN
619500000900
UPID
US90-1109140
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
L7 · Lynnwood, WA
Zoning L7 · permitted uses
L7 · 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
OFFICE BUILDING
Est. value
$5.0M
RESTAURANT
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$3.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.4M
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1973
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
1
Lot
3.9 ac
Current owner
From public records · entity-resolved
Kelleher Hoidngs LLC
Entity
Mailing address
20631 50TH AVE W, LYNNWOOD, WA 98036-7639
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2023
$5,200,000
Kelleher Hoidngs LLC
The Martin Limited Liability Compan
Warranty Deed
$4,700,000 · The Martin Limited Liability Company II
Dec 27, 2011
—
Tri Pac General Ptshp
Martin LLC II
Quit Claim Deed
related
—
May 3, 2007
—
Wcp Wireless Lease Subsidiary
—
Deed Of Trust
related
$85,000,000 · Bayerische Hypo-und Vereinsban
Dec 30, 2005
—
Martin LLC II
Martin Family
Quit Claim Deed
related
—
Dec 26, 1997
—
Martin Family LP
Martin Trust
Quit Claim Deed
related
—
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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