Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1331 164th SW St Lynnwood, WA 98087-8512
    Back to Search
    Property profile & analytics

    1331 164th SW St, Lynnwood, WA 98087-8512

    View on Map
    • Turn key restaurants
    • 3,586 SF
    • 0.65 lot acres
    Off-Market
    Property ID
    US90-1457781
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $500,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jacksons Food Stores / Grocery & Convenience Store
    • Shell / Gas Station
    • Cardtronics ATM / Atm
    • Bitcoin Depot - Bitcoin ATM / Atm / Crypto Atm

    Property Details for 1331 164th SW St

    Year built
    2016
    Construction
    WOOD
    Lot size
    0.65 lot acres
    Zone code
    SK
    Property type
    Turn key restaurants
    APN
    373700800703
    APU
    373700800703

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 20, 2018 — Greater Residence LLC Pacwest Energy LLC Quit Claim Deed · related —
    Dec 21, 2009 $2,144,001 Pacwest Energy LLC Shell Oil Products Us Grant Deed —
    Nov 2, 2005 — Equilon Ents LLC Tmr Grant Deed —
    Jan 24, 1997 — Snohomish County Texaco Refining & Marketing Grant Deed · related —
    Jan 1, 1991 $684,000 — — Grant Deed · related —
    — — Pacwest Energy LLC — Deed Of Trust · related $47M · Wells Fargo Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $420,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $580,000
      Market price range: $285k - $580k

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lynnwood
    County
    Snohomish
    State
    Washington
    Longitude
    -122.252
    Latitude
    47.8501
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $21,018
    $1,256,200
    $1,337,700
    $2,593,900
    -
    $1,256,200
    $1,337,700
    $2,593,900

    Comparable in this City

    • Value Estimation by Request
      3,047 SF

      14912 Hwy 99

      RESTAURANT
      14912 Hwy 99, Lynnwood, WA 98087-2316
      View Details
    • Value Estimation
      $2,295,000
      5,597 SF

      15128 Hwy 99

      RESTAURANT
      15128 Hwy 99, Lynnwood, WA 98087-2320
      View Details
    • Value Estimation
      $795,000
      13,396 SF

      14626 Hwy 99

      RESTAURANT
      14626 Hwy 99, Lynnwood, WA 98087-5556
      View Details
    • Value Estimation by Request
      3,024 SF

      1330 164th SW St

      RESTAURANT
      1330 164th SW St, Lynnwood, WA 98087-8513
      View Details
    • Value Estimation by Request
      2,158 SF

      3614 121st SW St

      RESTAURANT
      3614 121st SW St, Lynnwood, WA 98087-1539
      View Details
    • Value Estimation by Request
      4,365 SF

      14923 Hwy 99

      RESTAURANT
      14923 Hwy 99, Lynnwood, WA 98087-2315
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Lynnwood Raising Cane's Ground Lease

      Corporate Raising Cane’s on 15-year absolute NNN ground lease.
      1232 164Th St SW, Lynnwood, WA 98087
      View Details
    • $699,000

      Mukilteo Speedway Flex Opportunity

      Versatile 1,050 SF building suitable for industrial, office, or retail.
      12223 Mukilteo Speedway, Lynnwood, WA 98087
      View Details
    • $3,300,000
      23,743 SF

      Lynnwood Warehouse: Hwy 99 Exposure

      Prime industrial warehouse, high visibility.
      15615 Highway 99, Lynnwood, WA 98087
      View Details
    • $3,300,000
      23,743 SF

      Warehouse/Retail Space Available

      Warehouse/Retail property for sale or lease with highway access.
      15615 Highway 99, Lynnwood, WA 98087
      View Details
    • $1,515,423

      Highway 99 Corner Lot

      30,927 SF lot with high traffic frontage on Highway 99.
      4425 164Th St SW, Lynnwood, WA 98087
      View Details
    • $150,000

      Profitable Lynnwood Business Opportunity

      Established Food Business - Turnkey Operation
      11124 Bo Undisclosed, Lynnwood, WA 98087
      View Details

    Similar Nearby for Lease

    • $3,528 /Mo
      5,040 SF

      Lynnwood Flex Space Available

      Flex space suitable for retail, manufacturing, or warehouse use.
      12407 Mukilteo Speedway, Lynnwood, WA 98087
      View Details
    • Contact for pricing
      12,056 SF

      Retail, Showroom and Warehouse Space

      Retail, showroom, and warehouse spaces available for lease.
      15615 Highway 99, Lynnwood, WA 98087
      View Details
    • $3,420 /Mo
      1,140 SF

      Lynnwood Retail Space Available

      Retail space in high-traffic Lynnwood location near Walmart.
      1418 164Th St SW, Lynnwood, WA 98087
      View Details
    • Contact for pricing
      2,531 SF

      Retail Space on Highway 99

      Retail space available for lease on Highway 99.
      14920-14928 Highway 99, Lynnwood, WA 98087
      View Details
    • Contact for pricing

      Gravel Yard/Parking Lot for Lease

      Flat, graveled storage yard or parking lot with flexible lease terms.
      3417-3429 132Nd St SW, Lynnwood, WA 98087
      View Details
    • $1,875 /Mo
      900 SF

      Retail Space in Grocery-Anchored Center

      900 SF retail space with great visibility in Lynnwood.
      12926 Mukilteo Speedway, Lynnwood, WA 98087
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1331 164th SW St
    Lynnwood, WA 98087-8512
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1331 164th SW St, Lynnwood, WA, 98087
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!