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Property profile & analytics
OFF-MARKET
Estimated value
$2,200,000
Medical Office Space
18730 33rd W Ave, Lynnwood, WA 98037-4756
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0469717
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1982
Construction
WOOD
Total area
5,758 SF
Lot
0.33 ac (14,375 SF)
Zoning code
L0
APN
27041500101900
UPID
US90-0469717
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
-
Maytak Massage, PLLC Alternative Medicine Practice Spa & Massage Center
-
One Source Medical Alternative Medicine Practice
-
405 Driving School & License Testing Center Training Center Vocational School
-
Alex Kazimier Swanson Alternative Medicine Practice
-
Sugar Me, Julie! Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$2.20M
Owner & transaction history
Kb Alderwood Building LLC · 2 yrs held
Kb Alderwood Building LLC
since 2024
Last sale
$2.2M
6 recorded transactions
Zoning & alternative use
L0 · Lynnwood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.0M
+32.7%
Auto repair, garage
$2.8M
+22.4%
Apartment house (5+ units)
$2.4M
+5.9%
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
$2,200,000
ML approach
$2,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,250,000
Current use
RESTAURANT
$2,985,000
Change: +33% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,750,000
Change: +22% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,380,000
Change: +6% · Conversion: Moderate
OFFICE BUILDING
$1,970,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$2.20M
Range $1.98M – $2.42M · ±10% · vs last sale $2.20M (Mar 29 2024)
Last sale anchor
$2.20M
Mar 29 2024
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
$382 / 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
$6,396
Tax year 2023
Assessed value
$824,500
Assessed 2023
Previous assessed
$785,900
+4.9% YoY
Effective rate
0.78%
On assessed value
Assessed land
$634,700
Assessed improvement
$189,800
Land market value
$634,700
Improvement market value
$189,800
Total market value
$824,500
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1982
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Total area
5,758 SF
Lot
0.33 ac (14,375 SF)
Zoning code
L0
APN
27041500101900
UPID
US90-0469717
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
L0 · Lynnwood, WA
Zoning L0 · permitted uses
L0 · 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
MEDICAL BUILDING Current
Est. value
$2.3M
RESTAURANT
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.0M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1982
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.33 ac
Current owner
From public records · entity-resolved
Kb Alderwood Building LLC
Entity
Mailing address
415 W REPUBLICAN ST UNIT #200, SEATTLE, WA 98119-4084
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2024
$2,200,000
Kb Alderwood Building LLC
Rhonda W Osborne
Warranty Deed
$3,000,000 · Key Bank NA
Mar 27, 2013
$843
Osborne Patrick K Family Trust
Osborne Patrick K Trust
Grant Deed
related
—
May 25, 2011
—
Osborne Patrick K Trust
Osborne,patrick K & Rhonda W
Quit Claim Deed
related
—
Jan 1, 1991
$645,000
Patrick K Osborne
Unknown
Grant Deed
$445,050 · Seller
—
—
Patrick K Osborne
—
Deed Of Trust
related
$430,000 · Artesia Mortgage Capital Corp
—
—
Patrick K Osborne
—
Deed Of Trust
related
$615,000 · Money Store Investment Corp
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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