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Property profile & analytics
OFF-MARKET
Estimated value
$10,590,000
Office buildings
2700 162nd St Swd Lynnwood, WA 98087-3200
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1381355
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2002
Construction
CONCRETE
Total area
68,760 SF
Lot
4 ac (174,240 SF)
APN
27040200304200
UPID
US90-1381355
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
-
NW Masonry & Construction General Contractor
-
Schweitzer Engineering Laboratories Engineering Consultant
-
Cypress Semiconductor Parking Lot & Garage
-
WellPoint Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.59M
Owner & transaction history
Cypress Semiconductor Corp · 6 yrs held
Cypress Semiconductor Corp
since 2019
6 recorded transactions
Zoning & alternative use
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
$154 / 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
$85,996
Tax year 2023
Assessed value
$10,176,500
Assessed 2023
Previous assessed
$12,877,000
-21.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$3,855,900
Assessed improvement
$6,320,600
Land market value
$3,855,900
Improvement market value
$6,320,600
Total market value
$10,176,500
Applied tax rate
2,446.0000
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
2002
Construction
CONCRETE
Heating
YES
Cooling
NONE
Stories
3
Total area
68,760 SF
Lot
4 ac (174,240 SF)
APN
27040200304200
UPID
US90-1381355
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2002
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
3
Lot
4 ac
Current owner
From public records · entity-resolved
Cypress Semiconductor Corp
Entity
Mailing address
198 CHAMPION CT, SAN JOSE, CA 95134-1709
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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 31, 2019
—
Cypress Semiconductor Corp
—
Loan Modification
related
$450,000,000 · Mufg Union Bk NA
Nov 13, 2017
—
Cypress Semiconductor Corp
—
Loan Modification
related
$541,250,000 · Morgan Stanley SR Fndg
Sep 28, 2016
—
Cypress Semiconductor Corp
—
Deed
related
$450,000,000 · Morgan Stanley SR Fndg
—
—
Cypress Semiconductor Corp
—
Loan Modification
related
$450,000,000 · Morgan Stanley SR Fndg
—
—
Cypress Semiconductor Corp
—
Loan Modification
related
$430,000,000 · Morgan Stanley SR Fndg
—
—
Cypress Semiconductor Corp
—
Loan Modification
related
$450,000,000 · Morgan Stanley SR Fndg
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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