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Property profile & analytics
OFF-MARKET
Estimated value
$6,405,000
Office buildings
19009 33rd W Ave Lynnwood, WA 98036-4717
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-0464702
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1986
Construction
STEEL FRAME
Total area
24,203 SF
Lot
1.33 ac (57,935 SF)
Zoning code
PCD
APN
372600100701
UPID
US90-0464702
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
-
Lynnwood Chiropractor Alternative Medicine Practice
-
Brookdale Home Health Home Health Care Service Hospice
-
Pathex AirDuct Cleaning HVAC Service
-
Mutual of Omaha Mortgage Bank Credit Union
-
Joe Jonart | Builder Affnity Team | NMLS#249762 Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.08M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.41M
Owner & transaction history
Rh Lynnwood Finl Ctr Assocs L · 9 yrs held
Rh Lynnwood Finl Ctr Assocs L
since 2016
6 recorded transactions
Zoning & alternative use
PCD · 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%
$7,665,000
6.5%
$7,075,000
7%
$6,570,000
Blend value · Realmo final
$6.41M
Range $5.76M – $7.05M · ±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
$265 / 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
$49,542
Tax year 2023
Assessed value
$6,563,100
Assessed 2023
Previous assessed
$6,372,100
+3.0% YoY
Effective rate
0.75%
On assessed value
Assessed land
$1,994,600
Assessed improvement
$4,568,500
Land market value
$1,994,600
Improvement market value
$4,568,500
Total market value
$6,563,100
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
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
YES
Cooling
NONE
Stories
2
Total area
24,203 SF
Lot
1.33 ac (57,935 SF)
Zoning code
PCD
APN
372600100701
UPID
US90-0464702
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
PCD · Lynnwood, WA
Zoning PCD · permitted uses
PCD · 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
1986
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
2
Lot
1.33 ac
Current owner
From public records · entity-resolved
Rh Lynnwood Finl Ctr Assocs L
Individual
Mailing address
PO BOX 5003, BELLEVUE, WA 98009-5003
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2018
—
Rh Lynnwood Finl Ctr Assocs L
—
Deed
related
$1,900,000 · Miscellaneous Ins Co
Oct 5, 2016
$3,030,000
Rh Lynnwood Finl Ctr Assocs L
Metcalfe,conrid W
Warranty Deed
—
May 7, 1997
$2,675,000
Conrid W Metcalfe
Barber,george E & Julee K
Grant Deed
related
$1,920,000 · Seller
Mar 26, 1997
$955,626
George E Barber
Hovde,kenneth A
Grant Deed
related
—
Oct 1, 1984
$462,400
—
—
Grant Deed
related
—
—
—
Rh Lynnwood Finl Ctr Assocs L
—
Deed Of Trust
related
$1,900,000 · Miscellaneous Ins Co
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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