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Property profile & analytics
OFF-MARKET
Estimated value
$2,885,000
Retail space
1233 164th SW St Lynnwood, WA 98087-8193
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US90-1049225
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1989
Construction
TYPE NOT SPECIFIED
Total area
20,253 SF
Lot
1.74 ac (75,794 SF)
Zoning code
SK
APN
373700301700
UPID
US90-1049225
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
-
Ashiya Restaurant
-
13th Ave Pub & Eatery Restaurant
-
Domino's Pizza Take-out & Catering
-
TOKYO SPA Alternative Medicine Practice Spa & Massage Center
-
Tropical Tan of Martha Lake Tanning Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.89M
Owner & transaction history
Martha Lake Plaza LLC · 12 yrs held
Martha Lake Plaza LLC
since 2014
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
$142 / 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
$44,416
Tax year 2023
Assessed value
$5,289,400
Assessed 2023
Previous assessed
$4,563,000
+15.9% YoY
Effective rate
0.84%
On assessed value
Assessed land
$3,243,400
Assessed improvement
$2,046,000
Land market value
$3,243,400
Improvement market value
$2,046,000
Total market value
$5,289,400
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
1989
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Bathrooms
7
Total area
20,253 SF
Lot
1.74 ac (75,794 SF)
Zoning code
SK
APN
373700301700
UPID
US90-1049225
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
1989
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
7
Lot
1.74 ac
Current owner
From public records · entity-resolved
Martha Lake Plaza LLC
Entity
Mailing address
8451 SE 68TH ST STE #200, MERCER ISLAND, WA 98040-5240
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2019
—
Martha Lake Plaza LLC
—
Deed
related
$1,500,000 · Jpmorgan Chase Bank NA
Apr 11, 2014
—
Martha Lake Plaza LLC
John R Henrichs
Bargain And Sale Deed
$1,600,000 · Union Bank NA
Aug 31, 1999
—
John R Henrichs
—
Grant Deed
related
$1,700,000 · Interwest Bank
Oct 1, 1989
$2,550,000
J R Henrichs
Unknown
Grant Deed
—
—
—
John R Henrichs
—
Deed Of Trust
related
$2,000,000 · Washington Mutual Fsb
—
—
Ave Pub 13th
—
Deed Of Trust
related
$307,165 · City Bank
—
—
Ashiya Teriyaki
—
Deed Of Trust
related
$82,500 · City Bank
—
—
Akhil Enterprise INC
—
Deed Of Trust
related
$155,000 · City Bank
—
—
Sam Smokin
—
Deed Of Trust
related
$180,000 · City 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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