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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Medical Office Space
16429 7th W Pl, Lynnwood, WA 98037-8105
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0929233
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1987
Construction
WOOD
Total area
4,345 SF
Lot
0.23 ac (10,019 SF)
Zoning code
S2
APN
509100001000
UPID
US90-0929233
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
-
Animal Dermatology Clinic Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$935k
CAP Approach
CAP
$980k
Comparable Approach
Comparable
$602k
Blend (final)
Blend
$980k
Owner & transaction history
A & S Real Estate LLC · 1 yrs held
A & S Real Estate LLC
since 2025
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
$970,000
ML approach
$935,000
CAP Approach
CAP Return
Estimation
6%
$1,060,000
6.5%
$980,000
7%
$910,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,485,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±10% · vs last sale $1.20M (Feb 7 2025)
Last sale anchor
$1.20M
Feb 7 2025
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
$226 / 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
$10,442
Tax year 2023
Assessed value
$1,299,500
Assessed 2023
Previous assessed
$1,270,000
+2.3% YoY
Effective rate
0.80%
On assessed value
Assessed land
$345,900
Assessed improvement
$953,600
Land market value
$345,900
Improvement market value
$953,600
Total market value
$1,299,500
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
1987
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Bathrooms
1
Total area
4,345 SF
Lot
0.23 ac (10,019 SF)
Zoning code
S2
APN
509100001000
UPID
US90-0929233
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
$1.5M
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
1987
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
A & S Real Estate LLC
Entity
Mailing address
17129 16TH AVE SE, MILL CREEK, WA 98012-6468
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Feb 7, 2025
$1,200,000
A & S Real Estate LLC
Dnl Investments LLC
Warranty Deed
—
Dec 12, 2024
—
Dnl Investments LLC
—
Deed
related
$548,040 · Portage Bank
Sep 9, 2022
$6,960,000
Pulte Homes Of Washington INC
Prospect Development LLC
Bargain & Sale Deed
—
Aug 22, 2022
$2,500,000
Prospect Development LLC
Robert A Parker
Warranty Deed
—
Feb 28, 2007
$980,000
Dnl Investments LLC
Kleinsasser Of Muir R/e LLC
Warranty Deed
$490,000 · Zions First National Bank
Apr 4, 2005
—
Kleinasser Of Muir R/e LLC
Muir,vyrn P
Quit Claim Deed
related
—
—
—
Dnl Investments LLC
—
Deed Of Trust
related
$406,000 · Northwest Busn Dev Assn
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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