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Property profile & analytics
FOR LEASE
Office buildings
20818 44Th Ave W Lynnwood, WA 98036
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1562935
For Lease
$18.50 SF/Yr
20818 44Th Ave W, Lynnwood, WA 98036
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1990
Construction
TYPE NOT SPECIFIED
Total area
59,200 SF
Lot
3.5 ac (152,460 SF)
Zoning code
42
APN
27042100407800
UPID
US90-1562935
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
-
Tanda Med Engineering Consultant
-
Northwest Intertribal Court Law Firm
-
TSI Industrial Manufacturer Production Facility
-
PST Investigations Law Firm
-
Genesis Systems Group Business To Business Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.31M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.73M
Owner & transaction history
Dept Of Social & Health Svcs Acting · 1 yrs held
Dept Of Social & Health Svcs Acting
since 2025
6 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$18,745,000
6.5%
$17,305,000
7%
$16,070,000
Blend value · Realmo final
$13.73M
Range $12.36M – $15.10M · ±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
$232 / 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
$101,794
Tax year 2023
Assessed value
$13,442,800
Assessed 2023
Previous assessed
$12,580,000
+6.9% YoY
Effective rate
0.76%
On assessed value
Assessed land
$3,528,400
Assessed improvement
$9,914,400
Land market value
$3,528,400
Improvement market value
$9,914,400
Total market value
$13,442,800
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 Lease
Year built
1990
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Total area
59,200 SF
Lot
3.5 ac (152,460 SF)
Zoning code
42
APN
27042100407800
UPID
US90-1562935
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
1990
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
3.5 ac
Current owner
From public records · entity-resolved
Dept Of Social & Health Svcs Acting
Entity
Mailing address
20818 44TH AVE W STE #201, LYNNWOOD, WA 98036-7709
Ownership since
2025
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
Jul 3, 2025
—
Dept Of Social & Health Svcs Acting
Jar Associates LLC
Deed
—
May 27, 2004
$4,620,000
Teal Properties LLC
Life Investors Ins Co America
Grant Deed
$4,000,000 · Bank Of America
Oct 16, 1995
—
Rosche One Interests LP
Washington One Interests LP
Grant Deed
$6,078,000 · Life Investors Insurance
—
—
Teal Properties LLC
—
Loan Modification
related
$5,000,000 · Wells Fargo Bk
—
—
Teal Properties LLC
—
Deed Of Trust
related
$4,000,000 · Bank Of America
—
—
Teal Properties LLC
—
Deed Of Trust
related
$6,000,000 · 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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