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Property profile & analytics
OFF-MARKET
Estimated value
$7,505,000
Grocery and convenience stores
2800 196th SW St Lynnwood, WA 98036-6923
Entity Owned
14-yr Hold
Free & Clear
Property ID
US90-1325483
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1996
Construction
TYPE NOT SPECIFIED
Total area
43,905 SF
Lot
5.88 ac (256,133 SF)
Zoning code
LA
APN
372601100102
UPID
US90-1325483
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
-
Lynnwood Sandwiches Take-out & Catering
-
Pizza Restaurant
-
Whole Foods Market Grocery & Convenience Store Food Market
-
BECU ATM Atm
-
Mud Bay (Bike/Boat/Book/etc) Store Pet Store & Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.52M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.51M
Owner & transaction history
Panos Properties LLC · 14 yrs held
Panos Properties LLC
since 2012
7 recorded transactions
Zoning & alternative use
LA · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$10,310,000
6.5%
$9,520,000
7%
$8,840,000
Alternative Use
Use
Estimation
RETAIL STORES
$12,330,000
Current use
Blend value · Realmo final
$7.51M
Range $6.75M – $8.26M · ±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
$171 / 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
$110,621
Tax year 2023
Assessed value
$14,825,900
Assessed 2023
Previous assessed
$13,411,000
+10.6% YoY
Effective rate
0.75%
On assessed value
Assessed land
$5,745,800
Assessed improvement
$9,080,100
Land market value
$5,745,800
Improvement market value
$9,080,100
Total market value
$14,825,900
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1996
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Total area
43,905 SF
Lot
5.88 ac (256,133 SF)
Zoning code
LA
APN
372601100102
UPID
US90-1325483
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LA · Lynnwood, WA
Zoning LA · permitted uses
LA · 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
$12.3M
RETAIL STORES Current
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
1996
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
5.88 ac
Current owner
From public records · entity-resolved
Panos Properties LLC
Entity
Free & Clear · 14 yrs held
Mailing address
6850 E GRN LK WAY N STE #201, SEATTLE, WA 98115-5412
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2017
—
Panos Properties LLC
—
Loan Modification
related
$92,798,035 · Miscellaneous Ins Co
Nov 6, 2014
—
Panos Properties LLC
—
Loan Modification
related
$86,035,339 · Miscellaneous Ins Co
Mar 27, 2012
$18,100,000
Panos Properties LLC
Lynnwood Texas Properties Two
Warranty Deed
—
Mar 27, 2012
—
Panos Properties LLC
—
Deed Of Trust
related
$91,000,000 · Principal Life Insurance Co
Oct 30, 1995
—
Western Blower Associates
Banchero,john S & Linda
Quit Claim Deed
related
—
Sep 25, 1995
—
John S Banchero
Razore,warren & Mary
Quit Claim Deed
related
—
Jun 29, 1993
$243,532
John S Et Banchero JR.
Razore
Grant Deed
—
Jan 1, 1993
$243,532
Warren Razore
Unknown
Grant Deed
—
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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