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Property profile & analytics
OFF-MARKET
Estimated value
$17,165,000
Apartment buildings
6500 208th SW St, Lynnwood, WA 98036-7404
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-0664150
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1977
Construction
WOOD
Total area
125,311 SF
Lot
7.11 ac (309,712 SF)
Zoning code
LG
APN
27042000401800
UPID
US90-0664150
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
-
Pinewood Square Apartment Homes Real Estate Agency
-
Pinewood Square Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.17M
Owner & transaction history
Wmb Del Psq LLC · 11 yrs held
Wmb Del Psq LLC
since 2014
7 recorded transactions
Zoning & alternative use
LG · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$137 / 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
$226,963
Tax year 2023
Assessed value
$29,538,000
Assessed 2023
Previous assessed
$28,959,000
+2.0% YoY
Effective rate
0.77%
On assessed value
Assessed land
$6,651,000
Assessed improvement
$22,887,000
Land market value
$6,651,000
Improvement market value
$22,887,000
Total market value
$29,538,000
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1977
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Units
180
Rooms
180
Total area
125,311 SF
Lot
7.11 ac (309,712 SF)
Zoning code
LG
APN
27042000401800
UPID
US90-0664150
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LG · Lynnwood, WA
Zoning LG · permitted uses
LG · 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
2
Units
180
Rooms
180
Lot
7.11 ac
Current owner
From public records · entity-resolved
Wmb Del Psq LLC
Entity
Mailing address
219 E GARFIELD ST STE #600, SEATTLE, WA 98102-3785
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2019
—
Wmb Del Psq LLC
—
Deed
related
$16,400,000 · Miscellaneous Ins Co
Oct 16, 2014
$20,240,660
Wmb Del Psq LLC
Christiano Bridge Pinewood
Grant Deed
$13,654,000 · Us Bank NA 2012-k711 (ce)
May 22, 2012
$17,068,000
Christiano Bridge Pinewood LLC
Pinewood Square LLC
Quit Claim Deed
related
$13,654,000 · Keycorp Real Estate Capital Markets
Nov 28, 2006
—
Pinewood Square LLC
—
Deed Of Trust
related
$1,605,000 · Cathay Bank
Dec 30, 2005
$11,055,000
Pinewood Square LLC
Western Pinewood Partners
Grant Deed
$9,580,000 · Cascade Bank
Jun 29, 1999
$8,635,000
Western Pinewood Partners LP
Pinewood Partners
Grant Deed
related
$6,700,000 · Capri Capital Dus LLC
Jan 1, 1993
$4,500,000
Pinewood Partners
Unknown
Grant Deed
$2,655,000 · City Bank
—
—
Wmb Del Psq LLC
—
Deed Of Trust
related
$16,400,000 · Miscellaneous Ins Co
—
—
Pinewood Square LLC
—
Deed Of Trust
related
$12,900,000 · General Electric Capital Corp
—
—
Pinewood Square LLC
—
Deed Of Trust
related
—
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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