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Property profile & analytics
OFF-MARKET
Estimated value
$14,435,000
Retail properties & Spaces
3200 184th SW St Lynnwood, WA 98037-4735
Entity Owned
21-yr Hold
Free & Clear
Property ID
US90-0761778
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2003
Construction
TYPE NOT SPECIFIED
Total area
144,878 SF
Lot
8.33 ac (362,855 SF)
Zoning code
LB
APN
695200000400
UPID
US90-0761778
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
-
Brandy & Melville Clothing & Fashion Store
-
The Black Tux at Nordstrom (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
Nordstrom Ebar Artisan Coffee Cafe & Coffee Shop
-
Charlotte Tilbury - Nordstrom Alderwood Hair Salon Nail Salon
-
Alterations at Nordstrom (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.44M
Owner & transaction history
Nordstrom INC · 21 yrs held
Nordstrom INC
since 2005
5 recorded transactions
Zoning & alternative use
LB · 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
$100 / 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
$154,227
Tax year 2023
Assessed value
$20,055,300
Assessed 2023
Previous assessed
$20,089,700
-0.2% YoY
Effective rate
0.77%
On assessed value
Assessed land
$11,851,400
Assessed improvement
$8,203,900
Land market value
$11,851,400
Improvement market value
$8,203,900
Total market value
$20,055,300
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2003
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Total area
144,878 SF
Lot
8.33 ac (362,855 SF)
Zoning code
LB
APN
695200000400
UPID
US90-0761778
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LB · Lynnwood, WA
Zoning LB · permitted uses
LB · 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
2003
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
8.33 ac
Current owner
From public records · entity-resolved
Nordstrom INC
Entity
Free & Clear · 21 yrs held
Mailing address
PO BOX 21045, SEATTLE, WA 98111-3045
Ownership since
2005
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
Jun 15, 2005
$2,415,660
Nordstrom INC
Alderwood Mall LLC
Grant Deed
—
Aug 5, 2004
—
Loews Akron Cinemas INC
—
Deed Of Trust
related
$830,000,000 · Citicorp North America Trustee
Dec 18, 1997
—
Lamonts Apparel INC
—
Deed Of Trust
related
$42,000,000 · Banknoston NA
Feb 8, 1996
$5,000,000
Benaroya Capital Co LLC
Lamonts Apparel INC
Grant Deed
related
—
—
—
Mcgraths Publick Fish Hse INC
—
Deed Of Trust
related
$1,320,000 · Ge Capital Franchise Finance
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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