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Property profile & analytics
OFF-MARKET
Estimated value
$28,585,000
Apartment buildings
3711 164th SW St, Lynnwood, WA 98087-7058
Entity Owned
11-yr Hold
Free & Clear
Property ID
US90-1768986
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1988
Construction
WOOD
Total area
211,468 SF
Lot
11.73 ac (510,959 SF)
Zoning code
SI
APN
372900300204
UPID
US90-1768986
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
-
Perez's Elite Painting LLC Painting
-
The Seasons Apartments Real Estate Agency
-
Yardbird Lawn Care Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$28.59M
Owner & transaction history
Seasons Lynnwood LLC · 11 yrs held
Seasons Lynnwood LLC
since 2015
7 recorded transactions
Zoning & alternative use
SI · 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
$135 / 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
$436,805
Tax year 2023
Assessed value
$53,181,900
Assessed 2023
Previous assessed
$50,160,000
+6.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$12,851,700
Assessed improvement
$40,330,200
Land market value
$12,851,700
Improvement market value
$40,330,200
Total market value
$53,181,900
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
1988
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Units
228
Rooms
228
Total area
211,468 SF
Lot
11.73 ac (510,959 SF)
Zoning code
SI
APN
372900300204
UPID
US90-1768986
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SI · Lynnwood, WA
Zoning SI · permitted uses
SI · 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
1988
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
228
Rooms
228
Lot
11.73 ac
Current owner
From public records · entity-resolved
Seasons Lynnwood LLC
Entity
Free & Clear · 11 yrs held
Mailing address
12100 WILSHIRE BLVD #250, LOS ANGELES, CA 90025-7120
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2015
$39,681,539
Seasons Lynnwood LLC
Bouwfonds Seasons LP
Grant Deed
—
Oct 31, 2011
—
Bouwfonds Seasons LP
Gre Country Walk LLC
Special Warranty Deed
$21,500,000 · Cwcapital LLC
Jan 10, 2007
$3,520,000
Goodman Countrywalk LLC
Eirtep Countrywalk LLC
Warranty Deed
—
Dec 13, 2006
$56,179
Eirtep Countrywalk LLC
Gre Countrywalk LLC
Warranty Deed
$27,000,000 · Deutsche Bank Berkshire Mortgage In
Jan 10, 2006
—
Gre Countrywalk LLC
Stellar Tacoma LLC
Warranty Deed
$21,150,000 · Bank Of America
Jun 21, 1999
—
Countrywalk Apartments LLC
Maus II LLC
Grant Deed
$10,350,000 · Reliaster Life Ins Co Trustee
—
—
Seasons Lynnwood LLC
—
Deed Of Trust
related
$25,000,000 · Miscellaneous Ins Co
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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