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Property profile & analytics
FOR SALE
Office buildings
19910 50Th Ave W Lynnwood, WA 98036
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-0698669
No photos on file
For Sale
$1,900,000
19910 50Th Ave W, Lynnwood, WA 98036
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1982
Construction
WOOD
Total area
6,466 SF
Lot
0.49 ac (21,344 SF)
Zoning code
L0
APN
608400100402
UPID
US90-0698669
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
-
Gillin Law Group, PLLC Law Firm
-
New Paths Alternative Medicine Practice
-
Wald Imports Ltd Big Box & Wholesale Store
-
Northwest Multiple Listing Service Real Estate Agency
-
시애틀 여행사-케이맥스 투어 Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.27M
Owner & transaction history
Wald Investments LLC · 11 yrs held
Wald Investments LLC
since 2015
7 recorded transactions
Zoning & alternative use
L0 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$196 / 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
$8,022
Tax year 2023
Assessed value
$1,043,000
Assessed 2023
Previous assessed
$884,000
+18.0% YoY
Effective rate
0.77%
On assessed value
Assessed land
$259,900
Assessed improvement
$783,100
Land market value
$259,900
Improvement market value
$783,100
Total market value
$1,043,000
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 Sale
Year built
1982
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
2
Total area
6,466 SF
Lot
0.49 ac (21,344 SF)
Zoning code
L0
APN
608400100402
UPID
US90-0698669
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
L0 · Lynnwood, WAZoning L0 · permitted uses
L0 · Lynnwood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1982
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.49 ac
Current owner
From public records · entity-resolved
Wald Investments LLC
Entity
Mailing address
11309 2ND AVE NW, SEATTLE, WA 98177-4708
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2019
—
Wald Investments LLC
—
Deed
related
$984,000 · Bank Of The West
Mar 16, 2015
$584,000
Wald Investments LLC
Seaview Partners LLC
Warranty Deed
$299,000 · Northwest Bank
Feb 1, 1992
$560,000
—
—
Grant Deed
related
—
—
—
Wald Investments LLC
—
Deed Of Trust
related
$249,000 · Evergreen Busn Cap
—
—
Wald Investments LLC
—
Deed Of Trust
related
$984,000 · Bank Of The West
—
—
Seaview Partners LLC
—
Deed Of Trust
related
$300,000 · Bank Of America
—
—
Seaview Partners LLC
—
Deed Of Trust
related
$583,724 · Bank Of America
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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