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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Medical Office Space
16418 7th W Pl, Lynnwood, WA 98037-8100
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0796481
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1983
Construction
WOOD
Total area
5,128 SF
Lot
0.29 ac (12,632 SF)
Zoning code
S2
APN
509100000102
UPID
US90-0796481
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
-
Michelle Tullius: Allstate Insurance Insurance Agency
-
Dente Tech Laboratory Dental Office
-
La Clínica Quiropráctica - Lynnwood Alternative Medicine Practice
-
Oasis Dental Lab Dental Office
-
Rainbow Health Center Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.17M
CAP Approach
CAP
$1.16M
Comparable Approach
Comparable
$710k
Blend (final)
Blend
$1.19M
Owner & transaction history
Mmnewproperties LLC · 3 yrs held
Mmnewproperties LLC
since 2022
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
S2 · 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
$1,190,000
ML approach
$1,165,000
CAP Approach
CAP Return
Estimation
6%
$1,250,000
6.5%
$1,155,000
7%
$1,075,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,755,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±10% · vs last sale $1.20M (Oct 20 2022)
Last sale anchor
$1.20M
Oct 20 2022
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
$231 / 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
$13,225
Tax year 2023
Assessed value
$1,533,700
Assessed 2023
Previous assessed
$1,266,000
+21.1% YoY
Effective rate
0.86%
On assessed value
Assessed land
$496,100
Assessed improvement
$1,037,600
Land market value
$496,100
Improvement market value
$1,037,600
Total market value
$1,533,700
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1983
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Bathrooms
1
Total area
5,128 SF
Lot
0.29 ac (12,632 SF)
Zoning code
S2
APN
509100000102
UPID
US90-0796481
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
S2 · Lynnwood, WA
Zoning S2 · permitted uses
S2 · 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
OFFICE BUILDING
Est. value
$1.8M
OFFICE BUILDING
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
1983
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Mmnewproperties LLC
Entity
Mailing address
2903 224TH CT SW, BRIER, WA 98036-8067
Ownership since
2022
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
Nov 12, 2025
—
Mmnewproperties LLC
—
Deed
related
$1,048,000 · Us Bank NA
Oct 20, 2022
$1,200,000
Mmnewproperties LLC
Arian Property LLC
Warranty Deed
$1,111,500 · Us Bank NA
Mar 12, 2008
$865,000
Arian Property LLC
Stoll Ents LLC
Warranty Deed
—
May 22, 2007
—
Stoll Ents LLC
Stoll,steven G
Quit Claim Deed
related
—
Jan 27, 2006
—
Steven Stoll
Stoll,beverly
Quit Claim Deed
related
—
Jul 19, 1999
$925,000
Steven G Stoll
Kleinsasser,allen J
Grant Deed
$748,386 · Prime Pacific Bank
Feb 27, 1998
$250,000
Allen J Kleinsasser
Freiberg,mark & Mirsolawa A
Grant Deed
$113,028 · Seller
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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