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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Turn key restaurants
4626 196th SW St Lynnwood, WA 98036-5515
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1263774
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1977
Construction
WOOD
Total area
5,508 SF
Lot
0.95 ac (41,382 SF)
Zoning code
LC
APN
372600600401
UPID
US90-1263774
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
-
Applebee's Grill + Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$420k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$605k
Blend (final)
Blend
$510k
Owner & transaction history
Jil Lynwood LLC · 8 yrs held
Jil Lynwood LLC
since 2017
7 recorded transactions
Zoning & alternative use
LC · 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
$420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$93 / 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
$17,963
Tax year 2023
Assessed value
$2,399,000
Assessed 2023
Previous assessed
$2,068,000
+16.0% YoY
Effective rate
0.75%
On assessed value
Assessed land
$2,140,500
Assessed improvement
$258,500
Land market value
$2,140,500
Improvement market value
$258,500
Total market value
$2,399,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1977
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
5,508 SF
Lot
0.95 ac (41,382 SF)
Zoning code
LC
APN
372600600401
UPID
US90-1263774
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LC · Lynnwood, WA
Zoning LC · permitted uses
LC · 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
Year built
1977
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.95 ac
Current owner
From public records · entity-resolved
Jil Lynwood LLC
Entity
Free & Clear · 8 yrs held
Mailing address
19204 N CATHEDRAL PT CT, SURPRISE, AZ 85387-8248
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2017
—
Jil Lynwood LLC
Linton I & J Trust
Quit Claim Deed
related
—
Jan 20, 2017
—
Jil Lynwood LLC
Linto I & J Trust
Quit Claim Deed
related
—
Jun 27, 2014
—
Apple Washington LLC
—
Loan Modification
related
$622,000,000 · Bank Of America
Feb 6, 2014
—
Jil Lynwood LLC
Linton I & J Trust
Quit Claim Deed
related
—
Feb 5, 2013
—
Apple Washington LLC
—
Deed Of Trust
related
$488,386,996 · Bank Of America
May 10, 2011
—
Apple Washington LLC
—
Deed Of Trust
related
$320,000,000 · Bank Of America
Feb 3, 2010
—
Apple Washington LLC
—
Deed Of Trust
related
$160,000,000 · Bank Of America
May 28, 2004
$3,490,000
Linton,tr
Preco II Cric LLC
Grant Deed
—
Nov 12, 2003
$2,544,175
Preco Cric LLC
Apple Northwest LLC
Grant Deed
$2,072,565 · Ge Capital Franchise Finance
Nov 12, 2003
—
Apple Washington LLC
—
Deed Of Trust
related
$109,120,000 · Bank Of America Trustee
Dec 18, 2001
—
Apple Northwest LLC
Franchise Equity Capital LLC
Grant Deed
$125,193,537 · Fleet Business Credit Ttee
Mar 5, 1999
—
Franchise Equity Capital LLC
Apple Northwest LLC
Grant Deed
related
$12,800 · Fleet Business Credit Corp
Oct 1, 1992
$675,000
—
—
Grant Deed
related
$546,700 · Seller
—
—
Apple Washington LLC
—
Deed Of Trust
related
$395,000,000 · Bank Of America
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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