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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Drug stores
20715 50th W Ave Lynnwood, WA 98036-7608
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1679862
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1966
Construction
WOOD
Total area
3,200 SF
Lot
0.48 ac (20,909 SF)
Zoning code
LI
APN
619500001000
UPID
US90-1679862
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
-
Proctor Sales Inc Construction Company
-
Combustion & Control Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.02M
CAP Approach
CAP
$695k
Comparable Approach
Comparable
$947k
Blend (final)
Blend
$895k
Owner & transaction history
50th Ave LLC · 5 yrs held
50th Ave LLC
since 2020
Last sale
$826,135
7 recorded transactions
Zoning & alternative use
LI · Lynnwood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+39.0%
Commercial (general)
$970,000
+7.9%
Warehouse, storage
$925,000
+2.8%
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
$1,065,000
ML approach
$1,020,000
CAP Approach
CAP Return
Estimation
6%
$750,000
6.5%
$695,000
7%
$645,000
Alternative Use
Use
Estimation
RETAIL STORES
$900,000
Current use
MEDICAL BUILDING
$1,250,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$970,000
Change: +8% · Conversion: Easy
WAREHOUSE, STORAGE
$925,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$895k
Range $806k – $985k · ±10% · vs last sale $826k (Aug 5 2020)
Last sale anchor
$826k
Aug 5 2020
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
$280 / 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
$6,522
Tax year 2023
Assessed value
$839,800
Assessed 2023
Previous assessed
$794,000
+5.8% YoY
Effective rate
0.78%
On assessed value
Assessed land
$485,000
Assessed improvement
$354,800
Land market value
$485,000
Improvement market value
$354,800
Total market value
$839,800
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
1966
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
3,200 SF
Lot
0.48 ac (20,909 SF)
Zoning code
LI
APN
619500001000
UPID
US90-1679862
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LI · Lynnwood, WA
Zoning LI · permitted uses
LI · 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
$900,000
MEDICAL BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$970,000
WAREHOUSE, STORAGE
Est. value
$925,000
RETAIL STORES Current
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
1966
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
50th Ave LLC
Entity
Mailing address
20715 50TH AVE W, LYNNWOOD, WA 98036-7608
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2024
—
50th Ave LLC
—
Deed
related
$763,000 · Washington Trust Bank
Aug 14, 2020
—
50th Ave LLC
—
Deed
related
$412,147 · Jp Morgan Chase Bk
Aug 5, 2020
$826,135
50th Ave LLC
Tri Pac
Bargain And Sale Deed
$220,854 · Jpmorgan Chase Bank NA
Dec 27, 2011
—
Martin LLC II
Tri Pac General Ptshp
Quit Claim Deed
related
—
Aug 22, 1994
—
Steam Vac Systems INC
Halliday,elizabe
Quit Claim Deed
related
—
—
—
Tri-pac General Partnership
—
Deed Of Trust
related
$60,000 · First Interstate Bank Washingt
—
—
50th Ave LLC
—
Deed Of Trust
related
$412,147 · Jp Morgan Chase Bk
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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