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Property profile & analytics
OFF-MARKET
Estimated value
$1,555,000
Outlet malls
412 164th SW St Lynnwood, WA 98087-8114
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-0848358
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1983
Construction
WOOD
Total area
7,772 SF
Lot
2 ac (87,120 SF)
Zoning code
S2
APN
508900000500
UPID
US90-0848358
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
-
Westside Concrete Accessories Building Supply Industrial Manufacturer
-
Gourmet Latte Cafe & Coffee Shop
-
Retex Recycling Center Waste Management Facility
-
Advance Management Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.69M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.56M
Owner & transaction history
Russell Family Properties LLC · 13 yrs held
Russell Family Properties LLC
since 2012
7 recorded transactions
Zoning & alternative use
S2 · Lynnwood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.4M
+7.9%
Warehouse, storage
$2.2M
+2.8%
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%
$1,825,000
6.5%
$1,685,000
7%
$1,565,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,185,000
Current use
COMMERCIAL (GENERAL)
$2,355,000
Change: +8% · Conversion: Easy
WAREHOUSE, STORAGE
$2,245,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$1.56M
Range $1.40M – $1.71M · ±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
$200 / 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
$28,761
Tax year 2023
Assessed value
$3,274,700
Assessed 2023
Previous assessed
$2,868,000
+14.2% YoY
Effective rate
0.88%
On assessed value
Assessed land
$2,789,300
Assessed improvement
$485,400
Land market value
$2,789,300
Improvement market value
$485,400
Total market value
$3,274,700
Applied tax rate
2,446.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1983
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
2
Stories
2
Bathrooms
2
Total area
7,772 SF
Lot
2 ac (87,120 SF)
Zoning code
S2
APN
508900000500
UPID
US90-0848358
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
S2 · Lynnwood, WAZoning S2 · permitted uses
S2 · Lynnwood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.4M
WAREHOUSE, STORAGE
Est. value
$2.2M
RETAIL STORES Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1983
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
2
Lot
2 ac
Current owner
From public records · entity-resolved
Russell Family Properties LLC
Entity
Mailing address
5800 SE ALEXANDER ST, HILLSBORO, OR 97123-8572
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2012
$1,450,000
Russell Family Properties LLC
Skold Douglas E
Warranty Deed
—
Dec 4, 1997
$139,174
Craig Knoll
Noreasten Crescent Investors
Quit Claim Deed
related
—
—
—
Noreastern Crescent Investors
—
Deed Of Trust
related
$58,233 · Individual
—
—
Douglas E Skold
—
Deed Of Trust
related
$200,000 · Whidbey Island Bank
—
—
Douglas E Skold
—
Deed Of Trust
related
$505,855 · Frontier Bank
—
—
Douglas E Skold
—
Deed Of Trust
related
$505,999 · Frontier Bank
—
—
Douglas Skold
—
Deed Of Trust
related
$630,000 · Martin J & Angela I Golden
—
—
Noreastern Crescent Investors
—
Deed Of Trust
related
$508,900 · Individual
—
—
Douglas E Skold
—
Deed Of Trust
related
$1,090,000 · Whidbey Island 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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