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Property profile & analytics
OFF-MARKET
Estimated value
$3,665,000
Strip malls
4569 Lynwood Ctr NE Rd Bainbridge Island, WA 98110-2238
Entity Owned
7-yr Hold
Free & Clear
Property ID
US90-1251631
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1936
Total area
28,680 SF
Lot
0.83 ac (36,155 SF)
Zoning code
CITY
APN
042402-1-014-2004
UPID
US90-1251631
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.67M
Owner & transaction history
Lynwood Center Holdings LLC · 7 yrs held
Lynwood Center Holdings LLC
since 2019
7 recorded transactions
Zoning & alternative use
CITY · Bainbridge Island, 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 Bainbridge Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bainbridge Island 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$128 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$45,308
Tax year 2024
Assessed value
$6,021,330
Assessed 2024
Previous assessed
$6,021,340
0.0% YoY
Effective rate
0.75%
On assessed value
Assessed land
$907,060
Assessed improvement
$5,114,270
Land market value
$907,060
Improvement market value
$5,114,270
Total market value
$6,021,330
Applied tax rate
215.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1936
Heating
YES
Stories
2
Total area
28,680 SF
Lot
0.83 ac (36,155 SF)
Zoning code
CITY
APN
042402-1-014-2004
UPID
US90-1251631
Jurisdiction
KITSAP
Zoning & alternative use
CITY · Bainbridge Island, WA
Zoning CITY · permitted uses
CITY · Bainbridge Island, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bainbridge Island. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1936
Heating
YES
Stories
2
Lot
0.83 ac
Current owner
From public records · entity-resolved
Lynwood Center Holdings LLC
Entity
Free & Clear · 7 yrs held
Mailing address
2310 UPPR FARMS RD NE, BAINBRIDGE ISLAND, WA 98110-2369
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Mar 21, 2019
—
Lynwood Center Holdings LLC
Romerkoff LLC
Correction Deed
related
—
Sep 10, 2009
—
Henry J Warner
Romerkoff LLC
Quit Claim Deed
related
—
Jul 5, 2007
$3,500,000
Romerkoff LLC
Lynwood Center LLC
Warranty Deed
—
Nov 29, 2006
—
Lynwood Center LLC
Hart Family Trust
Quit Claim Deed
related
—
Mar 10, 1989
$429,600
William S Hart JR.
Unknown
Grant Deed
—
—
—
William S Hart
—
Deed Of Trust
related
$475,159 · American Marine Bank
—
—
Lynwood Center LLC
—
Deed Of Trust
related
$200,000 · 125 S Crescent Drive LLC
—
—
William S Hart
—
Deed Of Trust
related
$316,500 · American Marine Bank
—
—
William S Hart
—
Deed Of Trust
related
$475,159 · American Marine 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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