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Property profile & analytics
OFF-MARKET
Estimated value
$1,670,000
Office buildings
21307 67th W Ave Lynnwood, WA 98036-7323
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0803947
Property summary
AI-generated overview
This exceptional 6,000-square-foot flex space in Lynnwood, WA, presents a unique opportunity for businesses seeking a versatile and immediately available workspace. Located at 21307 67th Ave W, 98036, this single-tenant property offers a blend of office and industrial space, perfectly suited for a variety of uses. The building, situated on a 0.21-acre lot (9,283 square feet), comprises 6,000 square feet across two stories. The space is currently vacant and ready for immediate occupancy. Features include two overhead doors, providing convenient access for loading and unloading, and a gated parking lot for enhanced security. The building's design offers a 50/50 split between office and warehouse space, providing flexibility for diverse operational needs. While there are no elevators or dock-high doors, the layout and accessibility make this property highly functional. The property is located in the Mount Lake Terrace submarket of Lynnwood, Washington, offering convenient access to major transportation routes and amenities. This is an excellent opportunity to secure a well-located, versatile space to meet your business requirements. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1983
Construction
TYPE NOT SPECIFIED
Total area
6,000 SF
Lot
0.23 ac (10,019 SF)
Zoning code
L6
APN
566600301200
UPID
US90-0803947
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
-
Electric Electric Inc Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.60M
CAP Approach
CAP
$1.76M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.67M
Owner & transaction history
Salsky Holding LLC · 1 yrs held
Salsky Holding LLC
since 2025
Last sale
$1.7M
3 recorded transactions
Zoning & alternative use
L6 · 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
$1,685,000
ML approach
$1,600,000
CAP Approach
CAP Return
Estimation
6%
$1,900,000
6.5%
$1,755,000
7%
$1,630,000
Blend value · Realmo final
$1.67M
Range $1.50M – $1.84M · ±10% · vs last sale $1.65M (Dec 25 2024)
Last sale anchor
$1.65M
Dec 25 2024
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
$278 / 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
$8,722
Tax year 2023
Assessed value
$1,140,000
Assessed 2023
Previous assessed
$750,000
+52.0% YoY
Effective rate
0.77%
On assessed value
Assessed land
$453,300
Assessed improvement
$686,700
Land market value
$453,300
Improvement market value
$686,700
Total market value
$1,140,000
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
1983
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Total area
6,000 SF
Lot
0.23 ac (10,019 SF)
Zoning code
L6
APN
566600301200
UPID
US90-0803947
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
L6 · Lynnwood, WA
Zoning L6 · permitted uses
L6 · 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
1983
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Salsky Holding LLC
Entity
Mailing address
PO BOX 186, MOUNTLAKE TERRACE, WA 98043-0186
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2025
$1,650,000
Salsky Holding LLC
Hrk Investments LLC
Warranty Deed
$1,350,000 · Hrk Investments LLC
Mar 2, 2022
$1,325,000
Hrk Investments LLC
Stephen J Verhey
Warranty Deed
—
May 29, 2012
—
Stephen J Verhey
Verhey,teresa V
Quit Claim 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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