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Property profile & analytics
OFF-MARKET
Estimated value
$15,010,000
Office buildings
20311 52nd W Ave Lynnwood, WA 98036-3901
Individually Owned
2-yr Hold
Free & Clear
Property ID
US90-0476141
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1999
Construction
STEEL FRAME
Total area
67,596 SF
Lot
2.79 ac (121,532 SF)
Zoning code
L4
APN
608400300402
UPID
US90-0476141
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
-
SemaConnect Charging Station Electric Vehicle Charging Station
-
DSHS (Department of Social and Health Services) Social Service Agency Charitable Organization
-
DSHS Alderwood Community Service Office Social Service Agency Charitable Organization
-
DSHS/DVR Social Service Agency Charitable Organization
-
Creekside Plaza Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.76M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.01M
Owner & transaction history
State Of Washington · 2 yrs held
State Of Washington
since 2023
7 recorded transactions
Zoning & alternative use
L4 · 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%
$21,405,000
6.5%
$19,760,000
7%
$18,345,000
Blend value · Realmo final
$15.01M
Range $13.51M – $16.51M · ±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
$222 / 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
$110,614
Tax year 2023
Assessed value
$14,615,000
Assessed 2023
Previous assessed
$14,053,000
+4.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$3,530,800
Assessed improvement
$11,084,200
Land market value
$3,530,800
Improvement market value
$11,084,200
Total market value
$14,615,000
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
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
YES
Cooling
CENTRAL
Stories
3
Total area
67,596 SF
Lot
2.79 ac (121,532 SF)
Zoning code
L4
APN
608400300402
UPID
US90-0476141
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
L4 · Lynnwood, WA
Zoning L4 · permitted uses
L4 · 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
1999
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
3
Lot
2.79 ac
Current owner
From public records · entity-resolved
State Of Washington
Individual
Free & Clear · 2 yrs held
Mailing address
1500 JEFFERSON ST, OLYMPIA, WA 98501-2355
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2023
—
State Of Washington
Mr Creekside LLC
Lease
—
Sep 9, 2021
$7,262
State Of Washington
Mr Creekside LLC
Lease
—
Jan 10, 2017
—
Mr Creekside LLC
—
Deed
related
$10,000,000 · Boeing Emps Cu
Jan 17, 2007
—
Mr Creekside LLC
Raskin,michael J
Quit Claim Deed
related
—
Dec 23, 2004
—
Raskin Family Tic Holdings LLC
Raskin,bruce D & Kimberly
Quit Claim Deed
related
—
—
—
Jda Associates LLC
—
Deed Of Trust
related
$300,000 · Parker Trust
—
—
Mr Creekside LLC
—
Deed Of Trust
related
$10,000,000 · Boeing Emps Cu
—
—
Jda Associates LLC
—
Deed Of Trust
related
$8,800,000 · Ge Capital Business Asset Fund
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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