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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Sports & entertainment properties
4710 196th SW St Lynnwood, WA 98036-5517
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US90-1622544
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1995
Construction
WOOD
Total area
6,756 SF
Lot
0.6 ac (26,136 SF)
Zoning code
42
APN
372600600504
UPID
US90-1622544
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
-
Verdant Health Commission Community Health Centre Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$380k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$675k
Blend (final)
Blend
$525k
Owner & transaction history
Public Hospital District 2 · 12 yrs held
Public Hospital District 2
since 2013
7 recorded transactions
Zoning & alternative use
42 · Lynnwood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$815,000
+107.7%
Restaurant
$735,000
+87.2%
Auto repair, garage
$645,000
+63.9%
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
$380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$395,000
Current use
OFFICE BUILDING
$815,000
Change: +108% · Conversion: Difficult
RESTAURANT
$735,000
Change: +87% · Conversion: Difficult
AUTO REPAIR, GARAGE
$645,000
Change: +64% · Conversion: Difficult
RETAIL STORES
$320,000
Change: -18% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$320,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$78 / 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
$408
Tax year 2023
Assessed value
$3,070,100
Assessed 2023
Previous assessed
$2,555,100
+20.2% YoY
Effective rate
0.01%
On assessed value
Assessed land
$1,362,900
Assessed improvement
$1,707,200
Land market value
$1,362,900
Improvement market value
$1,707,200
Total market value
$3,070,100
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1995
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
2
Total area
6,756 SF
Lot
0.6 ac (26,136 SF)
Zoning code
42
APN
372600600504
UPID
US90-1622544
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
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$395,000
OFFICE BUILDING
Est. value
$815,000
RESTAURANT
Est. value
$735,000
AUTO REPAIR, GARAGE
Est. value
$645,000
RETAIL STORES
Est. value
$320,000
INDUSTRIAL (GENERAL)
Est. value
$320,000
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1995
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.6 ac
Current owner
From public records · entity-resolved
Public Hospital District 2
Individual
Mailing address
4710 196TH ST SW, LYNNWOOD, WA 98036-5517
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2013
$1,800,000
Public Hospital District 2
Prime Pacific Bank NA
Warranty Deed
—
Dec 10, 2010
$1,400,000
Prime Pacific Bank NA
Asia Garden INC
Warranty Deed
—
—
—
Pang Yuen INC
—
Deed Of Trust
related
$80,000 · Pacifica Bank
—
—
Pang Yuen INC
—
Deed Of Trust
related
$11,775 · Pacifica Bank
—
—
Asia Garden INC
—
Deed Of Trust
related
$222,000 · Pacifica Bank
—
—
Asia Garden INC
—
Deed Of Trust
related
$637,000 · Pacifica Bank
—
—
Pang Yuen INC
—
Deed Of Trust
related
$637,000 · Pacifica Bank
—
—
Pang Yuen INC
—
Deed Of Trust
related
$9,587 · Pacifica Bank
—
—
Asia Garden INC
—
Deed Of Trust
related
$176,000 · Individual
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.
Try Rey
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