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Property profile & analytics
OFF-MARKET
Estimated value
$1,800,000
Apartment buildings
3333 164th SW St, Lynnwood, WA 98087-3150
Entity Owned
3-yr Hold
Free & Clear
Property ID
US90-0293567
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2001
Construction
WOOD
Total area
542,826 SF
Lot
4.07 ac (177,289 SF)
Zoning code
MR
APN
372900400202
UPID
US90-0293567
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
-
Makeup with Lynnsey Cosmetic Store
-
Unlimited Painting Solutions General Contractor
-
Avana One Six Four Apartments Real Estate Agency
-
ColorSpring Design Studio Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Yangzhou AiKang Toys Co.,Ltd Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.80M
Owner & transaction history
Snohomish County · 3 yrs held
Snohomish County
since 2022
7 recorded transactions
Zoning & alternative use
MR · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$3 / 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
$944,461
Tax year 2023
Assessed value
$118,861,100
Assessed 2023
Previous assessed
$107,258,800
+10.8% YoY
Effective rate
0.79%
On assessed value
Assessed land
$3,401,400
Assessed improvement
$115,459,700
Land market value
$3,401,400
Improvement market value
$115,459,700
Total market value
$118,861,100
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
2001
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
1
Total area
542,826 SF
Lot
4.07 ac (177,289 SF)
Zoning code
MR
APN
372900400202
UPID
US90-0293567
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MR · Lynnwood, WA
Zoning MR · permitted uses
MR · 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
2001
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
4.07 ac
Current owner
From public records · entity-resolved
Snohomish County
Entity
Free & Clear · 3 yrs held
Mailing address
465 MEETING ST STE #500, CHARLESTON, SC 29403-7123
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2022
—
Snohomish County
Gsic II Onesixfour LLC
Warranty Deed
—
May 16, 2022
—
Gsic II Onesixfour LLC
—
Deed
related
$124,932,000 · Walker & Dunlop LLC
Nov 12, 2021
$215,238,306
Gsic II Onesixfour LLC
Gs Brandemoor LLC
Bargain And Sale Deed
—
Oct 18, 2016
$132,000,000
Gs Brandemoor LLC
Avalon Downreit V LP
Grant Deed
$93,000,000 · Cbre Cap Markets
Mar 15, 2001
—
Avalon Downreith V LP
Tcr #539 Carillon LP
Grant Deed
related
—
Aug 23, 1996
$1,422,500
Carillon Partners LLC
Balser,richard A & Corinne L
Grant Deed
related
—
Aug 14, 1996
—
Richard A Balser
—
Deed Of Trust
related
$1,070,650 · Homewood Development INC
Oct 1, 1989
$192,000
Richard A Balser
Unknown
Grant Deed
related
—
—
—
Carillon Partners LLC
—
Deed Of Trust
related
$2,250,000 · Commerce Bank Of Washington
—
—
Richard A Balser
—
Deed Of Trust
related
$86,577 · Stafford Cosntructio
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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