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Property profile & analytics
OFF-MARKET
Estimated value
$4,070,000
Automotive properties
5615 188th SW St Lynnwood, WA 98037-4357
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1292317
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1977
Construction
WOOD
Total area
10,288 SF
Lot
1.13 ac (49,223 SF)
Zoning code
L6
APN
374300500402
UPID
US90-1292317
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
$4.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.48M
Blend (final)
Blend
$4.07M
Owner & transaction history
Sc Lynnwood Re II LLC · 1 yrs held
Sc Lynnwood Re II LLC
since 2024
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
L6 · Lynnwood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.3M
+8.5%
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
$3,970,000
ML approach
$4,305,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,915,000
Current use
RESTAURANT
$5,330,000
Change: +8% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,255,000
Change: -13% · Conversion: Difficult
MEDICAL BUILDING
$4,015,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$4.07M
Range $3.66M – $4.48M · ±10% · vs last sale $4.00M (Oct 25 2022)
Last sale anchor
$4.00M
Oct 25 2022
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
$396 / 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
$32,776
Tax year 2023
Assessed value
$3,646,400
Assessed 2023
Previous assessed
$3,646,400
+0.0% YoY
Effective rate
0.90%
On assessed value
Assessed land
$1,830,900
Assessed improvement
$1,815,500
Land market value
$1,830,900
Improvement market value
$1,815,500
Total market value
$3,646,400
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1977
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Total area
10,288 SF
Lot
1.13 ac (49,223 SF)
Zoning code
L6
APN
374300500402
UPID
US90-1292317
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
L6 · Lynnwood, WA
Zoning L6 · permitted uses
L6 · 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
AUTO REPAIR, GARAGE Current
Est. value
$4.9M
RESTAURANT
Est. value
$5.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$4.0M
AUTO REPAIR, GARAGE Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
1977
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
1.13 ac
Current owner
From public records · entity-resolved
Sc Lynnwood Re II LLC
Entity
Mailing address
PO BOX 371507, LAS VEGAS, NV 89137-1507
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2025
—
Sc Lynnwood Re II LLC
—
Deed
related
$29,300,000 · Mercedes Benz Financial Services USA LLC
Dec 23, 2024
$7,342,804
Sc Lynnwood Re II LLC
Holman Lynnwood Red LLC
Quitclaim Deed
related
—
Oct 25, 2022
$4,000,000
Sc Lynnwood Re II LLC
Flamingo Air LLC
Warranty Deed
—
Aug 8, 2019
—
Flamingo Air LLC
—
Deed
related
$1,000,000 · Umpqua Bank
Mar 31, 2015
—
Flamingo Air LLC
Boltz Family LLC
Warranty Deed
$5,164,671 · Umpqua Bank
Mar 13, 2008
—
Boltz Family
Boltz Family
Quit Claim Deed
—
—
—
Boltz Family LP
—
Deed Of Trust
related
$419,416 · Us Bank NA
—
—
Boltz Family LP
—
Deed Of Trust
related
$1,000,000 · Us Bank NA
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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