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Property profile & analytics
OFF-MARKET
Estimated value
$2,335,000
Retail space
1120 164th SW St Lynnwood, WA 98087-8190
Trust Owned
Absentee Owner
~
Est. High Equity
Property ID
US90-1824830
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1992
Construction
TYPE NOT SPECIFIED
Total area
16,225 SF
Lot
1.31 ac (57,064 SF)
Zoning code
SK
APN
373700600301
UPID
US90-1824830
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
-
A Stitch in Time (Bike/Boat/Book/etc) Store
-
Pure Results Fitness Center Gym & Fitness Center
-
U Lin Asian Bistro Restaurant
-
Todamgol Korean Restaurant Restaurant
-
Sabai Sabai Lao & Thai Cuisine Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.34M
Owner & transaction history
Chilelli Living Trust
Chilelli Living Trust
since 2026
7 recorded transactions
Zoning & alternative use
SK · 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
$144 / 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
$35,110
Tax year 2023
Assessed value
$4,237,500
Assessed 2023
Previous assessed
$3,719,000
+13.9% YoY
Effective rate
0.83%
On assessed value
Assessed land
$2,054,200
Assessed improvement
$2,183,300
Land market value
$2,054,200
Improvement market value
$2,183,300
Total market value
$4,237,500
Applied tax rate
2,446.0000
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
1992
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Total area
16,225 SF
Lot
1.31 ac (57,064 SF)
Zoning code
SK
APN
373700600301
UPID
US90-1824830
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SK · Lynnwood, WA
Zoning SK · permitted uses
SK · 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
1992
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
1.31 ac
Current owner
From public records · entity-resolved
Chilelli Living Trust
Trust
Mailing address
8225 172ND ST NE, ARLINGTON, WA 98223-8987
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2026
$313
Chilelli Living Trust
Luigi Chilelli
Deed
related
—
Sep 8, 2014
$49,885,000
Oly-ida Altia LLC
Gre Martha Lake LLC
Trustees Deed
$31,800,000 · Walker & Dunlop
Dec 22, 2011
$4,500,000
Gre Martha Lake LLC
Union Street Hldgs LLC
Grant Deed
—
Jan 27, 2010
—
Union Street Holdings LLC
Martha Lake Town Center LLC
Deed In Lieu Of Foreclosure
related
—
Sep 14, 2006
$6,000,000
Martha Lake Town Center LLC
Northwest Dist Council Of Assembl
Grant Deed
$13,100,000 · Homestreet Bk
Apr 30, 2004
$2,801,880
Quirino Chilelli LLC
Chin Property Co INC
Grant Deed
$1,595,000 · Standard Insurance Co
May 19, 2003
—
Chin Property Co INC
Chin,thomas L & Mbel K
Quit Claim Deed
related
—
Nov 13, 2000
$2,315,000
Thomas L Chin
Kdb Properties LLC
Grant Deed
$2,115,000 · Seller
—
—
Kdb Properties LLC
—
Deed Of Trust
related
$855,000 · Tvp Finance Group
—
—
Quirino Chilelli LLC
—
Deed Of Trust
related
$1,450,000 · Zions First National 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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