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Property profile & analytics
OFF-MARKET
Estimated value
$15,320,000
Mobile home & RV parks
415 Lakeview Rd, Lynnwood, WA 98087-2126
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1958522
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Lot
14.62 ac (636,847 SF)
Zoning code
SE
APN
373700100100
UPID
US90-1958522
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
-
Rain City Foundations General Contractor
-
Sandoval's Landscaping Services Landscaping General Contractor
-
Martha Lake Mobile Manor Campground & RV Park
-
Obsession Landscaping Landscaping General Contractor
-
L.G.C Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.32M
Owner & transaction history
415 Martha Lake Villa Mhc LLC · 3 yrs held
415 Martha Lake Villa Mhc LLC
since 2022
Last sale
$15.4M
3 recorded transactions
Zoning & alternative use
SE · 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
$15,235,000
ML approach
$10,290,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$15.32M
Range $13.79M – $16.85M · ±10% · vs last sale $15.36M (Nov 22 2022)
Last sale anchor
$15.36M
Nov 22 2022
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
—
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
$121,988
Tax year 2023
Assessed value
$11,087,700
Assessed 2023
Previous assessed
$11,087,700
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$7,954,000
Assessed improvement
$3,133,700
Land market value
$7,954,000
Improvement market value
$3,133,700
Total market value
$11,087,700
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
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Status
Off-Market
Heating
NONE
Lot
14.62 ac (636,847 SF)
Zoning code
SE
APN
373700100100
UPID
US90-1958522
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SE · Lynnwood, WA
Zoning SE · permitted uses
SE · 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
Heating
NONE
Lot
14.62 ac
Current owner
From public records · entity-resolved
415 Martha Lake Villa Mhc LLC
Entity
Mailing address
13023 NE HWY 99TH STE 7STE7, VANCOUVER, WA 98686-2767
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2022
$15,358,997
415 Martha Lake Villa Mhc LLC
Martha Lake Associates LLP
Warranty Deed
$5,700,000 · Washington Trust Bank
Apr 14, 2017
—
Martha Lake Associates LLP
—
Deed
related
$1,930,000 · Jpmorgan Chase Bank NA
Jan 29, 1999
—
Martha Lake Associates LP
Dexter,william A & Christine E
Grant Deed
$2,000,000 · Washington Mutual Fsb
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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