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Property profile & analytics
OFF-MARKET
Estimated value
$2,215,000
Medical Office Space
20115 44th W Ave Lynnwood, WA 98036-6700
Individually Owned
Free & Clear
Property ID
US90-1453642
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1986
Construction
TYPE NOT SPECIFIED
Total area
22,983 SF
Lot
0.92 ac (40,075 SF)
Zoning code
42
APN
372600702301
UPID
US90-1453642
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
-
Veterinary Specialty Center of Seattle Veterinary Clinic
-
Jennifer Garcia Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.22M
Owner & transaction history
Joseph N Michiels
Joseph N Michiels
since 2026
7 recorded transactions
Zoning & alternative use
42 · 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
$96 / 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
$58,709
Tax year 2023
Assessed value
$7,825,000
Assessed 2023
Previous assessed
$6,104,000
+28.2% YoY
Effective rate
0.75%
On assessed value
Assessed land
$3,940,200
Assessed improvement
$3,884,800
Land market value
$3,940,200
Improvement market value
$3,884,800
Total market value
$7,825,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1986
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Stories
2
Total area
22,983 SF
Lot
0.92 ac (40,075 SF)
Zoning code
42
APN
372600702301
UPID
US90-1453642
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
42 · Lynnwood, WA
Zoning 42 · permitted uses
42 · 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
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
0.92 ac
Current owner
From public records · entity-resolved
Joseph N Michiels
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 82554, KENMORE, WA 98028-0554
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2026
—
Joseph N Michiels
Robert And Mary Michiels Trust
Warranty Deed
—
Jan 3, 2020
$120,000
Frater Properties LLC
Katherine A Michiels
Warranty Deed
—
Jan 3, 2020
—
Frater Properties LLC
Frank Michiels
Warranty Deed
—
Dec 19, 2019
—
Joseph N Michiels
Michiels Robert & Mary Trust
Quit Claim Deed
related
—
Oct 31, 2018
$351,000
Frater Properties LLC
Michiels Family Associates INC
Warranty Deed
—
Jan 11, 2013
—
Frater Properties LLC
Michiels International INC
Warranty Deed
—
Jan 11, 2013
$350,000
Frater Properties LLC
Ty Corp
Warranty Deed
—
Mar 16, 2011
—
Michiels Family Associates INC
Michiels,joseph N & Katherine A
Quit Claim Deed
—
Feb 22, 2011
—
Frater Properties LLC
Michiels,frank
Warranty Deed
—
Jul 26, 2005
$506,625
Michiels Family Assocs
Ty Corp
Warranty Deed
—
Apr 1, 1994
$2,525,000
—
—
Grant Deed
related
—
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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