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Property profile & analytics
OFF-MARKET
Estimated value
$1,005,000
Retail space
7528 196th SW St Lynnwood, WA 98036-5095
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0698647
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1985
Construction
WOOD
Total area
6,720 SF
Lot
0.49 ac (21,344 SF)
Zoning code
B1
APN
27042000203400
UPID
US90-0698647
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
-
Defensive Driving School of Lynnwood Training Center Vocational School
-
B Thai Cuisine Restaurant
-
Yan Massage Spa Alternative Medicine Practice Spa & Massage Center
-
Best Mini Mart (Bike/Boat/Book/etc) Store
-
76th Smoke Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.01M
Owner & transaction history
Jason J Chien · 8 yrs held
Jason J Chien
since 2018
6 recorded transactions
Zoning & alternative use
B1 · 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
$150 / 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
$12,534
Tax year 2023
Assessed value
$1,656,000
Assessed 2023
Previous assessed
$1,533,000
+8.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$797,900
Assessed improvement
$858,100
Land market value
$797,900
Improvement market value
$858,100
Total market value
$1,656,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
6,720 SF
Lot
0.49 ac (21,344 SF)
Zoning code
B1
APN
27042000203400
UPID
US90-0698647
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
B1 · Lynnwood, WA
Zoning B1 · permitted uses
B1 · 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
1985
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Jason J Chien
Individual
Mailing address
16545 41ST AVE NE, LAKE FOREST PARK, WA 98155-5609
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2018
—
Jason J Chien
Ju-ping Chen
Quit Claim Deed
related
$240,000 · Spencer Shin
Apr 30, 2018
$1,490,000
Jason J Chien
Spencer Shin
Warranty Deed
$240,000 · Spencer & Jennifer Shin
Jan 11, 2017
—
Spencer Shin
Shin Dong H
Quit Claim Deed
related
—
Aug 4, 1997
$850,000
Doug H Shin
Di Giovanni Trust
Grant Deed
—
—
—
Fuji Teriyaki
—
Deed Of Trust
related
$85,000 · City Bank
—
—
Dong H Shin
—
Deed Of Trust
related
$380,000 · Cascade 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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