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Property profile & analytics
OFF-MARKET
Estimated value
$1,490,000
Automotive properties
5711 188th SW St Lynnwood, WA 98037-4303
Entity Owned
~
Est. High Equity
Property ID
US90-1448590
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1998
Construction
TYPE NOT SPECIFIED
Total area
37,550 SF
Lot
2.62 ac (114,127 SF)
Zoning code
L6
APN
374300500401
UPID
US90-1448590
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
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Washington Motorcycle Safety Training and Testing DOL Approved Vocational School Training Center
-
Emerald City Harley-Davidson Motorcycle Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$940k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.04M
Blend (final)
Blend
$1.49M
Owner & transaction history
Sc Lynnwood Re III LLC
Sc Lynnwood Re III LLC
since 2026
7 recorded transactions
Zoning & alternative use
L6 · 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
$940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.49M
Range $1.34M – $1.64M · ±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
$40 / 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
$44,666
Tax year 2023
Assessed value
$5,869,800
Assessed 2023
Previous assessed
$5,776,000
+1.6% YoY
Effective rate
0.76%
On assessed value
Assessed land
$3,230,200
Assessed improvement
$2,639,600
Land market value
$3,230,200
Improvement market value
$2,639,600
Total market value
$5,869,800
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
1998
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Total area
37,550 SF
Lot
2.62 ac (114,127 SF)
Zoning code
L6
APN
374300500401
UPID
US90-1448590
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.
Building & site characteristics
From public records
Year built
1998
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
2.62 ac
Current owner
From public records · entity-resolved
Sc Lynnwood Re III LLC
Entity
Mailing address
2350 136TH PL NE, BELLEVUE, WA 98005-2377
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2026
$8,000,000
Sc Lynnwood Re III LLC
Flamingo Air LLC
Bargain & Sale 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
—
Apr 24, 1998
—
Boltz Family LP
—
Grant Deed
related
$2,100,000 · Us Bank
Jan 10, 1995
—
Boltz Family LP
Boltz,james R & Jeanette A
Quit Claim Deed
related
—
—
—
Boltz Family LLC
—
Deed Of Trust
related
$657,746 · Mountain Pacific 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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