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Property profile

1133 164Th St SW Lynnwood, WA 98087

FOR LEASE
Office buildings
Property ID
US90-1790184
28,198 SF 1.87 ac lot Built 1992
Last sale Apr 2013 · $3,960,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
1133 164Th St SW, Lynnwood, WA 98087 For Lease
Contact for pricing 2,052 SF available
1133 164Th St SW, Lynnwood, WA 98087
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Property summary

AI-generated overview

This office property is located at 1133 164th St SW in Lynnwood, Washington 98087. The space comprises 2,683 square feet and is configured for commercial use as an office setting.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$58k
Tax billed · 2023
Assessed value$7.17M
Assessed land$2.91M
Assessed improvement$4.26M
Effective rate0.82%

Value estimate

· Oct 2026
$5.45M
$4.90M – $5.99M
Submarket $/SF estimate$3.65M
NOI build-up
Gross scheduled income$56k
Vacancy & credit loss−$7k
Operating expenses−$12k
NOI · 182,745.00% cap applied$37k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$342/SF
Submarket average, outlier-cleaned · 30 recorded sales of this use type
Observed band · Q1–Q3$229 – $545

Cap rate analysis

How does the asset earn?
182,745.00%
$37k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
SK
JurisdictionSNOHOMISH

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm22.6
Gym & Fitness13.0
Clothing Store12.9

Location

1133 164Th St SW Lynnwood, WA 98087
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
15701 Hwy 99, Lynnwood, WA 98087-1424 $1,290,000 Jul 2025 5,215 SF
626 164th SW, Lynnwood, WA 98087-8100 $775,000 Nov 2024 3,160 SF
16201 25th W, Lynnwood, WA 98087-2520 $9,311,000 Sep 2022 69,750 SF
3731 132nd SW, Lynnwood, WA 98087-5107 $1,500,000 Apr 2020 6,600 SF
3909 164th SW, Lynnwood, WA 98087-6905 $1,150,000 Apr 2020 3,706 SF
3527 121st SW, Lynnwood, WA 98087-1503 $750,000 Dec 2019 2,192 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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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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