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Property profile & analytics
OFF-MARKET
Estimated value
$7,670,000
Warehouses
2810 Lincoln Way Lynnwood, WA 98087-5620
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US90-0744010
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1994
Construction
TYPE NOT SPECIFIED
Total area
84,160 SF
Lot
0.52 ac (22,651 SF)
Zoning code
SA
APN
373301100104
UPID
US90-0744010
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
-
Academy Sports Center Gym & Fitness Center Sports Field & Court
-
Busy Bee Preschool High School
-
The Yoga Room Gym & Fitness Center
-
Wvba Nightclub Music Venue
-
Volleyball Camp Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.67M
Owner & transaction history
L & R Lincoln Way LLC · 12 yrs held
L & R Lincoln Way LLC
since 2013
5 recorded transactions
Zoning & alternative use
SA · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$91 / 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
$57,199
Tax year 2023
Assessed value
$6,805,400
Assessed 2023
Previous assessed
$6,200,000
+9.8% YoY
Effective rate
0.84%
On assessed value
Assessed land
$537,100
Assessed improvement
$6,268,300
Land market value
$537,100
Improvement market value
$6,268,300
Total market value
$6,805,400
Applied tax rate
2,310.0000
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
1994
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Bathrooms
2
Total area
84,160 SF
Lot
0.52 ac (22,651 SF)
Zoning code
SA
APN
373301100104
UPID
US90-0744010
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SA · Lynnwood, WA
Zoning SA · permitted uses
SA · 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.
Building & site characteristics
From public records
Year built
1994
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
2
Lot
0.52 ac
Current owner
From public records · entity-resolved
L & R Lincoln Way LLC
Entity
Mailing address
10750 AURORA AVE N, SEATTLE, WA 98133-8814
Ownership since
2013
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
Dec 10, 2019
—
L & R Lincoln Way LLC
—
Deed
related
$4,444,114 · Banner Bank
Oct 28, 2013
$4,710,000
L & R Lincoln Way LLC
Partnership Leasing LLC
Warranty Deed
$3,750,000 · Umpqua Bank
Dec 1, 1992
$162,500
—
—
Grant Deed
related
—
—
—
Partnership Leasing LLC
—
Deed Of Trust
related
$4,000,000 · Union Security Insurance Co
—
—
Partnership Leasing LLC
—
Deed Of Trust
related
$4,530,000 · Us Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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