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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Office buildings
19201 40th W Ave Lynnwood, WA 98036-5607
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0668590
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1952
Construction
WOOD
Total area
1,628 SF
Lot
0.43 ac (18,731 SF)
Zoning code
RML
APN
372600401902
UPID
US90-0668590
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$910k
CAP Approach
CAP
$475k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$790k
Owner & transaction history
Song Yang · 3 yrs held
Song Yang
since 2022
Last sale
$780,000
7 recorded transactions
Zoning & alternative use
RML · 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
$995,000
ML approach
$910,000
CAP Approach
CAP Return
Estimation
6%
$515,000
6.5%
$475,000
7%
$440,000
Blend value · Realmo final
$790k
Range $711k – $869k · ±10% · vs last sale $780k (Aug 19 2022)
Last sale anchor
$780k
Aug 19 2022
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
$485 / 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
$5,792
Tax year 2023
Assessed value
$774,200
Assessed 2023
Previous assessed
$710,800
+8.9% YoY
Effective rate
0.75%
On assessed value
Assessed land
$542,000
Assessed improvement
$232,200
Land market value
$542,000
Improvement market value
$232,200
Total market value
$774,200
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
Off-Market
Year built
1952
Construction
WOOD
Heating
FORCED AIR
Cooling
NONE
Stories
1
Rooms
4
Bathrooms
2
Total area
1,628 SF
Lot
0.43 ac (18,731 SF)
Zoning code
RML
APN
372600401902
UPID
US90-0668590
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RML · Lynnwood, WA
Zoning RML · permitted uses
RML · 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
1952
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
2
Lot
0.43 ac
Current owner
From public records · entity-resolved
Song Yang
Individual
Mailing address
18015 12TH PL W, LYNNWOOD, WA 98037-8250
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2022
$780,000
Song Yang
Footprint Holdings LLC
Warranty Deed
—
Aug 21, 2019
$410,000
Footprint Holdings LLC
Stockwell,beatrice M
Warranty Deed
—
Aug 13, 2019
—
Footprint Holdings LLC
—
Deed
related
$322,390 · Peoples Bank
Dec 28, 2018
$410,000
Footprint Holdings LLC
Stockwell,beatrice M
Grant Deed
related
—
Dec 23, 2011
—
Beatrice M Stockwell
Stockwell,beatrice M
Quit Claim Deed
related
—
Oct 26, 2011
—
Beatrice M Stockwell
Stockwell,beatrice M & Mark
Quit Claim Deed
related
—
Nov 5, 1997
—
Lynnwood City (wa)
Stockwell,beatrice & Mark
Quit Claim Deed
related
—
Apr 30, 1997
$159,500
Beatrice M Stockwell
White,evellyn M
Grant Deed
related
$127,600 · First Franklin Financial Corp
May 1, 1978
$42,000
—
—
Grant Deed
related
—
—
—
Mark Stockwell
—
Deed Of Trust
related
$82,067 · City 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.
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