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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3710 204th SW St Lynnwood, WA 98036-6871

    • Apartment buildings
    • 168,518 SF
    • 0.51 lot acres
    OFF-MARKET
    Last Sale
    Dec 10, 2021
    $65,736,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0371111
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 3710 204th SW St

    Year built
    1986
    Construction
    WOOD
    Lot size
    0.51 lot acres
    Property size
    168,518 SF
    Zone code
    SI
    Property type
    Apartment buildings
    APN
    373100300101
    APU
    373100300101

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      Off market

    • CAP approach

      CAP Return
      Estimation
      6%
      $42,010,000
      6.5%
      $38,780,000
      7%
      $36,010,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $55,558,000
      Market price range: $50.4M - $119M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $69,690,000
      Current use
      RESTAURANT
      $87,335,000
      Change: +25% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $80,510,000
      Change: +16% Conversion: Difficult
      MEDICAL BUILDING
      $65,795,000
      Change: -6% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lynnwood
    County
    Snohomish
    State
    Washington
    Longitude
    -122.283
    Latitude
    47.8134
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $384,182
    $5,694,100
    $42,800,600
    $48,494,700
    -
    $5,694,100
    $42,800,600
    $48,494,700

    Comparable in this City

    • Value Estimation
      $13,830,000
      100,954 SF

      4807 200th SW St

      APARTMENT HOUSE (100+ UNITS) • 100,954 SF
      4807 200th SW St, Lynnwood, WA 98036-6398
      View Details
    • Value Estimation
      $19,010,000
      111,635 SF

      4727 200th SW St

      APARTMENT HOUSE (100+ UNITS) • 111,635 SF
      4727 200th SW St, Lynnwood, WA 98036-6600
      View Details
    • Value Estimation
      $675,000
      6,136 SF

      6725 200th SW St

      APARTMENT HOUSE (100+ UNITS) • 6,136 SF
      6725 200th SW St, Lynnwood, WA 98036-5952
      View Details
    • Value Estimation
      $14,160,000
      95,463 SF

      3518 204th SW St

      APARTMENT HOUSE (100+ UNITS) • 95,463 SF
      3518 204th SW St, Lynnwood, WA 98036-6890
      View Details
    • Value Estimation
      $10,005,000
      31,976 SF

      19888 40th Ave Wa

      APARTMENT HOUSE (100+ UNITS) • 31,976 SF
      19888 40th Ave Wa, Lynnwood, WA 98036-6794
      View Details
    • Value Estimation
      $6,080,000
      333,395 SF

      4200 Alderwood Mall Blvd

      APARTMENT HOUSE (100+ UNITS) • 333,395 SF
      4200 Alderwood Mall Blvd, Lynnwood, WA 98036-6782
      View Details

    Similar Nearby for Sale

    • $1,350,000
      2,112 SF

      Remodeled Mixed-Use Building in Lynnwood

      Remodeled commercial/residential building in a fast-growing commercial hub.
      19832 Highway 99, Lynnwood, WA 98036
      View Details
    • $13,495,000

      70-Unit Multifamily Community in Lynnwood

      70-unit multifamily community with diverse unit types on 2.31 acres.
      6616 202Nd St SW, Lynnwood, WA 98036
      View Details
    • $4,495,000
      22,100 SF

      Lynnwood Multifamily Investment Opportunity

      31-unit apartment building with value-add potential in Lynnwood, Washington.
      19628 68Th Ave W, Lynnwood, WA 98036
      View Details
    • $13,495,000
      42 SF

      70-Unit Multifamily Community in Lynnwood

      70-unit multifamily community in Lynnwood, Washington, with redevelopment potential.
      6616-6630 202Nd St SW | Lynnwood, Lynnwood, WA 98036
      View Details
    • $847,000
      1,883 SF

      Spacious Townhome with Putting Green

      Inviting townhome with soaring ceilings, abundant natural light, and putting green.
      2432 192Nd Pl SW, Lynnwood, WA 98036
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    • $399,950

      Remodeled Condo Near Light Rail

      Top-floor condo near transit with modern amenities and community pool.
      4800 200Th St SW, Lynnwood, WA 98036
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      11,194 SF

      Lynnwood Office Campus: 5 Suites Available

      Modern Office Space, I-5 Access, Abundant Parking
      19221 36Th Ave, Lynnwood, WA 98036
      View Details
    • $20 SF/Yr
      3,283 SF

      Retail/Office/Warehouse Space Available

      Retail, office, and warehouse spaces with high visibility.
      5611 196Th St SW, Lynnwood, WA 98036
      View Details
    • $24 SF/Yr
      5,148 SF

      Office Space with Window Offices

      Office space featuring private offices, conference rooms, and open area.
      4211 Alderwood Mall Blvd, Lynnwood, WA 98036
      View Details
    • $19 SF/Yr
      578 SF

      Lynnwood Office Space Available

      Office space for rent in Lynnwood, Washington, 578 square feet.
      4610-4630 200Th St SW, Lynnwood, WA 98036
      View Details
    • $19 SF/Yr
      2,180 SF

      Retail Space Available For Lease

      Former Chiropractic Office, suitable for service retail with good parking.
      6501 196Th St SW, Lynnwood, WA 98036
      View Details
    • Contact for pricing
      1,811 SF

      Lynnwood Office Space For Rent

      1,811 SF office space available for lease in Lynnwood.
      5017 196Th St SW, Lynnwood, WA 98036
      View Details
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    Lynnwood, WA 98036-6871
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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