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Property profile & analytics
OFF-MARKET
Estimated value
$1,645,000
Warehouses
21231 66th W Ave Lynnwood, WA 98036-7302
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1245732
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Construction
TYPE NOT SPECIFIED
Total area
5,748 SF
Lot
0.25 ac (10,890 SF)
Zoning code
LI
APN
27042900107200
UPID
US90-1245732
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
-
PuroClean Northwest Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.85M
CAP Approach
CAP
$1.12M
Comparable Approach
Comparable
$2.01M
Blend (final)
Blend
$1.65M
Owner & transaction history
Restoration Associates Northwest In · 4 yrs held
Restoration Associates Northwest In
since 2022
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
LI · Lynnwood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.4M
+43.2%
Medical building
$2.2M
+35.2%
Commercial (general)
$1.7M
+5.0%
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
$1,800,000
ML approach
$1,845,000
CAP Approach
CAP Return
Estimation
6%
$1,210,000
6.5%
$1,120,000
7%
$1,040,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,660,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,375,000
Change: +43% · Conversion: Difficult
MEDICAL BUILDING
$2,245,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,745,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$1,615,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$1.65M
Range $1.48M – $1.81M · ±10% · vs last sale $1.55M (Jul 16 2021)
Last sale anchor
$1.55M
Jul 16 2021
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
$286 / 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
$10,612
Tax year 2023
Assessed value
$1,398,000
Assessed 2023
Previous assessed
$1,059,000
+32.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$359,100
Assessed improvement
$1,038,900
Land market value
$359,100
Improvement market value
$1,038,900
Total market value
$1,398,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1997
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Total area
5,748 SF
Lot
0.25 ac (10,890 SF)
Zoning code
LI
APN
27042900107200
UPID
US90-1245732
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
WAREHOUSE, STORAGE Current
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1997
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
0.25 ac
Current owner
From public records · entity-resolved
Restoration Associates Northwest In
Entity
Mailing address
21231 66TH AVE W, LYNNWOOD, WA 98036-7302
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2022
—
Restoration Associates Northwest In
Robert F Jordan Pe LLC
Lease
$637,000 · Ameritrust Cdc
Jul 16, 2021
$1,550,000
Robert F Jordan Pe LLC
Mg Lynnwood Properties LLC
Warranty Deed
$779,350 · Banner Bank
Aug 1, 2019
—
Mg Bothell Properties LLC
—
Deed
related
$4,905,319 · Veristone Fund I LLC
Jan 30, 2019
—
Mg Lynnwood Properties LLC
—
Deed
related
$4,708,633 · Veristone Fund I LLC
Apr 25, 2018
—
Mg Monroe Properties LLC
—
Deed
related
$550,000 · Ritchie Group (tic)
Apr 9, 2014
—
Mg Lynnwood Properties LLC
Moon,clifford E & Beryl T
Quit Claim Deed
related
—
Feb 15, 2001
$322,331
Clifford E Moon
Jet Properties INC
Grant Deed
$303,042 · Key Bank NA
May 7, 1997
—
Jet Properties INC
—
Grant Deed
related
$240,000 · Prime Pacific Bank
Aug 5, 1996
$55,000
Eric 7 Jan Tessem
Hong,sa & Carol
Grant Deed
—
—
—
Box File
—
Deed Of Trust
related
$100,000 · Frontier Bank
—
—
Box File
—
Deed Of Trust
related
$50,000 · Frontier Bank
—
—
Box File
—
Deed Of Trust
related
$150,000 · Frontier Bank
—
—
Box File
—
Deed Of Trust
related
$50,000 · Frontier Bank
—
—
Clifford E Moon
—
Deed Of Trust
related
$375,000 · Banner Bank
—
—
Clifford E Moon
—
Deed Of Trust
related
$400,000 · Frontier Bank
—
—
Mg Monroe Properties LLC
—
Deed Of Trust
related
$550,000 · Ritchie Group (tic)
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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