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Property profile & analytics
FOR LEASE
Office buildings
1133 164Th St SW Lynnwood, WA 98087
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-1790184
For Lease
$20 SF/Yr
1133 164Th St SW, Lynnwood, WA 98087
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1992
Construction
STEEL FRAME
Total area
28,198 SF
Lot
1.87 ac (81,457 SF)
Zoning code
SK
APN
373700301400
UPID
US90-1790184
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
-
Amarpreet Preet Ubbi, Real Estate Agent Real Estate Agency
-
Mill Creek Education Tutoring Service
-
Academy of Real Estate Vocational School Training Center
-
Scott Wooley Loan Service Bank
-
Nicole Hong Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.65M
Blend (final)
Blend
$5.45M
Owner & transaction history
Lakeview 1133 Corp · 13 yrs held
Lakeview 1133 Corp
since 2013
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,550,000
Change: -11% · Conversion: Easy
WAREHOUSE, STORAGE
$8,145,000
Change: -16% · Conversion: Difficult
RETAIL STORES
$7,920,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$5.45M
Range $4.90M – $5.99M · ±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
$193 / 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
$58,492
Tax year 2023
Assessed value
$7,168,300
Assessed 2023
Previous assessed
$6,540,000
+9.6% YoY
Effective rate
0.82%
On assessed value
Assessed land
$2,905,200
Assessed improvement
$4,263,100
Land market value
$2,905,200
Improvement market value
$4,263,100
Total market value
$7,168,300
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Lease
Year built
1992
Construction
STEEL FRAME
Heating
YES
Cooling
NONE
Stories
1
Total area
28,198 SF
Lot
1.87 ac (81,457 SF)
Zoning code
SK
APN
373700301400
UPID
US90-1790184
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$8.6M
WAREHOUSE, STORAGE
Est. value
$8.1M
RETAIL STORES
Est. value
$7.9M
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
RETAIL STORES
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
1992
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
1.87 ac
Current owner
From public records · entity-resolved
Lakeview 1133 Corp
Entity
Mailing address
13029 WOODINVILLE REDMOND RD NE, REDMOND, WA 98052-2007
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
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
Apr 9, 2013
$3,960,000
Lakeview 1133 Corp
Scenic Properties LLC
Warranty Deed
$2,200,000 · Bbu Bank
Feb 10, 2004
—
Scenic Properties LLC
—
Deed Of Trust
related
$3,000,000 · Wells Fargo Bank
Sep 20, 2001
—
Scenic Properties LLC
—
Deed Of Trust
related
$1,300,000 · Asia Europe Americas Bank
Mar 13, 2001
—
Scenic Properties LLC
—
Deed Of Trust
related
$2,000,000 · Western Fsb
Dec 30, 1998
—
Scenic Properties LLC
Snohomish County Public Transp
Grant Deed
$2,356,500 · Us Bank
Oct 29, 1993
$3,920,000
Snohomish County Public Trans
Gramor Dev North
Grant Deed
—
—
—
Scenic Props LLC
—
Deed Of Trust
related
$947,844 · Wells Fargo 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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