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Property profile & analytics
OFF-MARKET
Estimated value
$15,075,000
Hotels
4220 Alderwood Mall Blvd Lynnwood, WA 98036-6766
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1120104
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1999
Construction
WOOD
Total area
86,241 SF
Lot
3.39 ac (147,668 SF)
Zoning code
42
APN
372600702108
UPID
US90-1120104
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
-
Courtyard Seattle North/Lynnwood Everett Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.99M
Comparable Approach
Comparable
$13.74M
Blend (final)
Blend
$15.08M
Owner & transaction history
Csm Cy Lynnwood LLC · 13 yrs held
Csm Cy Lynnwood LLC
since 2013
3 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$10,815,000
6.5%
$9,985,000
7%
$9,270,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$24,905,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$15.08M
Range $13.57M – $16.58M · ±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
$175 / 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
$178,672
Tax year 2023
Assessed value
$23,818,000
Assessed 2023
Previous assessed
$22,054,000
+8.0% YoY
Effective rate
0.75%
On assessed value
Assessed land
$11,908,700
Assessed improvement
$11,909,300
Land market value
$11,908,700
Improvement market value
$11,909,300
Total market value
$23,818,000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1999
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
4
Total area
86,241 SF
Lot
3.39 ac (147,668 SF)
Zoning code
42
APN
372600702108
UPID
US90-1120104
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
42 · Lynnwood, WA
Zoning 42 · permitted uses
42 · 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
WAREHOUSE, STORAGE
Est. value
$24.9M
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
1999
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
4
Lot
3.39 ac
Current owner
From public records · entity-resolved
Csm Cy Lynnwood LLC
Entity
Free & Clear · 13 yrs held
Mailing address
500 WASHINGTON AVE S STE #3000, MINNEAPOLIS, MN 55415-1151
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Feb 4, 2013
$11,260,095
Csm Cy Lynnwood LLC
Bacm 2006-5 Alderwood Mall LLC
Grant Deed
—
Mar 15, 2012
$7,788,000
Bacm 2006-5 Alderwood Mall LLC
Kosydar Christine A
Trustees Deed
related
—
Sep 21, 2006
$14,240,000
Ca Lynnwood LLC
Sunstone Op Properties LLC
Warranty Deed
$130,000,000 · Bear Stearns Commercial Mortgage In
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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