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Property profile & analytics
OFF-MARKET
Estimated value
$6,620,000
Apartment buildings
4200 Alderwood Mall Blvd Lynnwood, WA 98036-6782
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1250585
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2021
Construction
WOOD
Total area
333,395 SF
Lot
1.68 ac (73,181 SF)
Zoning code
42
APN
372600702107
UPID
US90-1250585
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
-
Kinect @ Lynnwood Apartment Rental Agency Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.62M
Owner & transaction history
Kinect Lynnwood Apartments LLC · 6 yrs held
Kinect Lynnwood Apartments LLC
since 2020
Last sale
$5.1M
7 recorded transactions
Zoning & alternative use
42 · 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
$6,620,000
ML approach
$7,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.62M
Range $5.96M – $7.28M · ±10% · vs last sale $5.13M (May 15 2020)
Last sale anchor
$5.13M
May 15 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
$20 / 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
$1,195
Tax year 2023
Assessed value
$39,151,600
Assessed 2023
Previous assessed
$20,187,800
+93.9% YoY
Effective rate
0.00%
On assessed value
Assessed improvement
$39,151,600
Improvement market value
$39,151,600
Total market value
$39,151,600
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
2021
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
7
Total area
333,395 SF
Lot
1.68 ac (73,181 SF)
Zoning code
42
APN
372600702107
UPID
US90-1250585
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
42 · Lynnwood, WAZoning 42 · permitted uses
42 · Lynnwood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2021
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
7
Lot
1.68 ac
Current owner
From public records · entity-resolved
Kinect Lynnwood Apartments LLC
Entity
Mailing address
BELLEVUE, WA 98005
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2022
—
Kinect Lynn Wood Apartments LLC
—
Deed
related
$61,327,000 · Greystone Servicing Company LLC
May 15, 2020
$5,128,000
Kinect Lynnwood Apartments LLC
Landmark III LLC
Warranty Deed
—
Oct 22, 1999
$1,310,814
Landmark III LLC
Abc Management Systems INC
Grant Deed
related
$1,125,000 · Wells Fargo Bank
Dec 1, 1984
$1,000,000
—
—
Grant Deed
related
—
—
—
Landmark III LLC
—
Deed Of Trust
related
$1,900,000 · Miscellaneous Ins Co
—
—
Landmark III LLC
—
Deed Of Trust
related
$1,350,000 · Wells Fargo Bank
—
—
Landmark III LLC
—
Deed Of Trust
related
$2,100,000 · Artesia Mortgage Capital Corp
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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