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Property profile & analytics
FOR LEASE
Office buildings
17414 Highway 99 Lynnwood, WA 98037
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-3269005
No photos on file
For Lease
$2,700/Mo
17414 Highway 99, Lynnwood, WA 98037
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2013
Construction
TYPE NOT SPECIFIED
Total area
6,212 SF
Lot
0.3 ac (13,068 SF)
Zoning code
L6
APN
513800010106
UPID
US90-3269005
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
-
8+1 Eastern Medicine Clinic Medical Clinic Alternative Medicine Practice
-
Soonsim Kim Alternative Medicine Practice Spa & Massage Center
-
Integrative Institute Physician
-
First Ic Bank Bank Loan Service
-
JJ Chiropractic Lynnwood Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.82M
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.50M
Owner & transaction history
J & J Bethel LLC · 13 yrs held
J & J Bethel LLC
since 2012
7 recorded transactions
Zoning & alternative use
L6 · Lynnwood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.4M
+14.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,965,000
6.5%
$1,815,000
7%
$1,685,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,125,000
Current use
MEDICAL BUILDING
$2,425,000
Change: +14% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,885,000
Change: -11% · Conversion: Easy
WAREHOUSE, STORAGE
$1,795,000
Change: -16% · Conversion: Difficult
RETAIL STORES
$1,745,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$1.50M
Range $1.35M – $1.65M · ±10%
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
$241 / 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
$16,483
Tax year 2023
Assessed value
$2,088,200
Assessed 2023
Previous assessed
$1,667,000
+25.3% YoY
Effective rate
0.79%
On assessed value
Assessed land
$576,900
Assessed improvement
$1,511,300
Land market value
$576,900
Improvement market value
$1,511,300
Total market value
$2,088,200
Applied tax rate
452.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Lease
Year built
2013
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Total area
6,212 SF
Lot
0.3 ac (13,068 SF)
Zoning code
L6
APN
513800010106
UPID
US90-3269005
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
L6 · Lynnwood, WA
Zoning L6 · permitted uses
L6 · 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 Current
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$1.9M
WAREHOUSE, STORAGE
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
RETAIL STORES
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
2013
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
0.3 ac
Current owner
From public records · entity-resolved
J & J Bethel LLC
Entity
Mailing address
12412 DOUBLE EAGLE DR, MUKILTEO, WA 98275-5559
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
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
Mar 19, 2020
—
L & J Bethel LLC
—
Deed
related
$730,000 · Unibank
Nov 9, 2012
—
J & J Bethel LLC
—
Trustees Deed
related
$730,000 · Unibank
Oct 16, 2012
—
J & J Bethel LLC
Yoon,junghoon & Winmi
Warranty Deed
—
May 1, 2009
$500,000
Junghoon Yoon
Valenzuela Properties LLC
Warranty Deed
$200,000 · Valenzuela Props LLC
Jan 9, 2003
$300,000
Valenzuela Properties LLC
Cross Enterprises INC
Grant Deed
$225,000 · Frontier Bank
Jun 1, 1988
$215,000
—
—
Grant Deed
related
—
—
—
J & J Bethel LLC
—
Deed Of Trust
related
$730,000 · Unibank
—
—
L & J Bethel LLC
—
Loan Modification
related
$730,000 · Unibank
—
—
Valenzuela Properties LLC
—
Deed Of Trust
related
$135,000 · North County 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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