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Property profile & analytics
OFF-MARKET
Estimated value
$1,075,000
Office buildings
21705 Hwy 99 Lynnwood, WA 98036-7375
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-1070866
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1978
Construction
WOOD
Total area
5,000 SF
Lot
0.43 ac (18,731 SF)
Zoning code
CG
APN
580700003107
UPID
US90-1070866
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
-
Emerald City Engineers, Inc. Business Service Center Corporate Office
-
Drug Prevention Specialist Inc Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.46M
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.08M
Owner & transaction history
Ja Partnership LLP · 8 yrs held
Ja Partnership LLP
since 2017
7 recorded transactions
Zoning & alternative use
CG · 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%
$1,585,000
6.5%
$1,460,000
7%
$1,355,000
Blend value · Realmo final
$1.08M
Range $968k – $1.18M · ±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
$215 / 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
$19,154
Tax year 2023
Assessed value
$2,681,000
Assessed 2023
Previous assessed
$2,521,000
+6.3% YoY
Effective rate
0.71%
On assessed value
Assessed land
$758,200
Assessed improvement
$1,922,800
Land market value
$758,200
Improvement market value
$1,922,800
Total market value
$2,681,000
Applied tax rate
610.0000
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
1978
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
5,000 SF
Lot
0.43 ac (18,731 SF)
Zoning code
CG
APN
580700003107
UPID
US90-1070866
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CG · Lynnwood, WA
Zoning CG · permitted uses
CG · 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
1978
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Ja Partnership LLP
Entity
Mailing address
21705 HWY 99, LYNNWOOD, WA 98036-7375
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2017
—
Ja Ptshp LLP
—
Deed
related
$500,000 · Heritage Bk
Sep 18, 2017
—
Ja Partnership LLP
—
Deed
related
$500,000 · Heritage Bank
Sep 1, 2017
$2,625,000
Ja Partnership LLP
Aliana Intemational LLC
Warranty Deed
$1,968,750 · Heritage Bank
May 2, 2014
—
Alliana International LLC
Jam 99 LLC
Quit Claim Deed
related
—
Jun 15, 2006
$1,350,000
Jam 99 LLC
Schaffner,rudi H & Louise M
Warranty Deed
$1,200,000 · Rudi H & Louise M Schaffner
—
—
Rudolf H Schffner
—
Deed Of Trust
related
$20,531 · Frontier Bank
—
—
Rudolf H Schaffner
—
Deed Of Trust
related
$38,000 · Frontier Bank
—
—
Ja Ptshp LLP
—
Deed Of Trust
related
$500,000 · Heritage Bk
—
—
Rudi H Schaffner
—
Deed Of Trust
related
$361,128 · Frontier Bank
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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