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Property profile & analytics
OFF-MARKET
Estimated value
$5,710,000
Automotive properties
4029 Alderwood Mall Blvd Lynnwood, WA 98036-6760
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1564085
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1973
Construction
WOOD
Total area
20,160 SF
Lot
1.32 ac (57,499 SF)
Zoning code
CC-C
APN
372600701902
UPID
US90-1564085
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
-
Mor Furniture for Less Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.71M
Owner & transaction history
4029 LLC · 6 yrs held
4029 LLC
since 2020
Last sale
$5.0M
5 recorded transactions
Zoning & alternative use
CC-C · 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
$6,455,000
ML approach
$6,395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,335,000
Change: -13% · Conversion: Difficult
MEDICAL BUILDING
$7,870,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$5.71M
Range $5.14M – $6.28M · ±10% · vs last sale $5.00M (Jul 1 2020)
Last sale anchor
$5.00M
Jul 1 2020
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
$283 / 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
$45,668
Tax year 2023
Assessed value
$6,061,000
Assessed 2023
Previous assessed
$4,735,000
+28.0% YoY
Effective rate
0.75%
On assessed value
Assessed land
$4,221,400
Assessed improvement
$1,839,600
Land market value
$4,221,400
Improvement market value
$1,839,600
Total market value
$6,061,000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1973
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
20,160 SF
Lot
1.32 ac (57,499 SF)
Zoning code
CC-C
APN
372600701902
UPID
US90-1564085
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CC-C · Lynnwood, WA
Zoning CC-C · permitted uses
CC-C · 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
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.3M
MEDICAL BUILDING
Est. value
$7.9M
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
1973
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
1.32 ac
Current owner
From public records · entity-resolved
4029 LLC
Entity
Mailing address
7918 GRN LK DR N, SEATTLE, WA 98103-4864
Ownership since
2020
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
Jul 1, 2020
—
4029 LLC
Wesce Management LLC
Warranty Deed
$3,000,000 · Miscellaneous Ins Co
Dec 5, 2011
$2,100,000
Wesco Management LLC
Miller,arden T & Carol L
Warranty Deed
related
—
Nov 4, 2011
$2,100,000
Wesco Management LLC
Miller,arden T & Carol L
Warranty Deed
$1,650,000 · Arden T & Carol L Miller
Aug 1, 1983
$584,103
—
—
Grant Deed
related
—
—
—
Arden T Miller
—
Deed Of Trust
related
$585,000 · Lutheran Brotherwood
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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