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Property profile & analytics
FOR LEASE
Office buildings
19000 33Rd Ave W Lynnwood, WA 98036
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-0535523
No photos on file
For Lease
$3,262/Mo
19000 33Rd Ave W, Lynnwood, WA 98036
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1989
Construction
TYPE NOT SPECIFIED
Total area
27,884 SF
Lot
2.13 ac (92,783 SF)
Zoning code
BTP
APN
372600200302
UPID
US90-0535523
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
-
Oregon Mutual Insurance Co Insurance Agency
-
Holly Gaal NMLS#104068 l Fairway Independent Mortgage Loan Service Bank
-
John Carpenter Physician
-
Cheryl R Taylor | Fairway Independent Mortgage Corporation Loan Officer/Reverse Mortgage Planner Loan Service Bank
-
Axia Home Loans Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.15M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.28M
Owner & transaction history
Ml Investments LLC · 9 yrs held
Ml Investments LLC
since 2016
5 recorded transactions
Zoning & alternative use
BTP · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,830,000
6.5%
$8,150,000
7%
$7,570,000
Blend value · Realmo final
$7.28M
Range $6.55M – $8.00M · ±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
$261 / 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
$58,864
Tax year 2023
Assessed value
$7,403,000
Assessed 2023
Previous assessed
$7,187,500
+3.0% YoY
Effective rate
0.80%
On assessed value
Assessed land
$3,113,800
Assessed improvement
$4,289,200
Land market value
$3,113,800
Improvement market value
$4,289,200
Total market value
$7,403,000
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
1989
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Buildings
2
Stories
2
Total area
27,884 SF
Lot
2.13 ac (92,783 SF)
Zoning code
BTP
APN
372600200302
UPID
US90-0535523
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BTP · Lynnwood, WA
Zoning BTP · permitted uses
BTP · 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.
Building & site characteristics
From public records
Year built
1989
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
2.13 ac
Current owner
From public records · entity-resolved
Ml Investments LLC
Entity
Mailing address
8525 120TH AVE NE, KIRKLAND, WA 98033-5866
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2016
$7,830,000
Ml Investments LLC
Snohomish Office Partners LLC
Warranty Deed
—
Jan 15, 2013
$4,000,000
Snohomish Office Partners LLC
Rf Colony Park III LLC
Bargain And Sale Deed
$3,000,000 · 1st Security Bank
Oct 26, 2006
—
Rf Colony Park III LLC
Resilient Floor Covering Pensi
Quit Claim Deed
related
—
—
—
Snohomish Office Partners LLC
—
Deed Of Trust
related
$187,500 · First Sec Bk/wa
—
—
Snohomish Office Partners LLC
—
Deed Of Trust
related
$310,000 · First Sec Bk/wa
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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