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Property profile & analytics
OFF-MARKET
Estimated value
$2,245,000
Automotive properties
22214 Hwy 99 Edmonds, WA 98026-8044
Entity Owned
26-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-2497977
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2020
Total area
14,103 SF
Lot
2.59 ac (112,820 SF)
Zoning code
26
APN
27042900305600
UPID
US90-2497977
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
-
Doug's Lynnwood Mazda Parts Auto Parts Store
-
Doug's Lynnwood Mazda Service Auto Repair Shop Vehicle Inspection Center
-
Doug's Lynnwood Mazda Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.25M
Owner & transaction history
Ikegami Properties LLC · 26 yrs held
Ikegami Properties LLC
since 1999
7 recorded transactions
Zoning & alternative use
26 · Edmonds, 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 Edmonds submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edmonds 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$159 / 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
$55,495
Tax year 2023
Assessed value
$8,160,000
Assessed 2023
Previous assessed
$6,233,300
+30.9% YoY
Effective rate
0.68%
On assessed value
Assessed land
$3,737,200
Assessed improvement
$4,422,800
Land market value
$3,737,200
Improvement market value
$4,422,800
Total market value
$8,160,000
Applied tax rate
217.0000
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
2020
Heating
YES
Cooling
NONE
Buildings
2
Stories
2
Total area
14,103 SF
Lot
2.59 ac (112,820 SF)
Zoning code
26
APN
27042900305600
UPID
US90-2497977
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
26 · Edmonds, WAZoning 26 · permitted uses
26 · Edmonds, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2020
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
2.59 ac
Current owner
From public records · entity-resolved
Ikegami Properties LLC
Entity
Free & Clear · 26 yrs held
Mailing address
22130 HWY 99, EDMONDS, WA 98026-8042
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1999
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
Jan 24, 2020
—
Ikegami Properties LLC
—
Deed
related
$8,800,000 · Us Bk
Jan 17, 2019
—
Ikegami Properties L L C
—
Deed
related
$7,350,000 · Us Bank NA
Mar 2, 2018
—
Ikegami Properties LLC
—
Deed
related
$3,059,000 · Us Bank NA
Mar 18, 2003
—
Fumio D Ikegami
—
Deed Of Trust
related
$4,250,000 · Wells Fargo Bank
Nov 15, 1999
—
Ikegami Properties LLC
Ikegami,f D & Patricia A
Quit Claim Deed
related
—
—
—
Ikegami Properties LLC
—
Loan Modification
related
$8,800,000 · Us Bk
—
—
Ikegami Properties LLC
—
Loan Modification
related
$5,992,000 · Us 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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