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Property profile & analytics
OFF-MARKET
Estimated value
$11,985,000
Apartment buildings
3805 164th SW St Lynnwood, WA 98087-6987
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1630404
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1989
Construction
WOOD
Total area
87,294 SF
Lot
5.24 ac (228,254 SF)
Zoning code
MR
APN
372900300105
UPID
US90-1630404
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
-
Tony Ferrero Musical Instrument repair (Bike/Boat/Book/etc) Store
-
Orchard Ridge Apartment Rental Agency Apartment Complex
-
Health Life Advisors Insurance Agency
-
Christina Shrout Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.99M
Owner & transaction history
Orchard Ridge Icg LLC · 5 yrs held
Orchard Ridge Icg LLC
since 2021
5 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.99M
Range $10.79M – $13.18M · ±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
$137 / 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
$186,729
Tax year 2023
Assessed value
$22,950,000
Assessed 2023
Previous assessed
$23,504,000
-2.4% YoY
Effective rate
0.81%
On assessed value
Assessed land
$5,512,900
Assessed improvement
$17,437,100
Land market value
$5,512,900
Improvement market value
$17,437,100
Total market value
$22,950,000
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
1989
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Units
104
Rooms
104
Total area
87,294 SF
Lot
5.24 ac (228,254 SF)
Zoning code
MR
APN
372900300105
UPID
US90-1630404
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MR · Lynnwood, WAZoning MR · permitted uses
MR · Lynnwood, WA
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
1989
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
104
Rooms
104
Lot
5.24 ac
Current owner
From public records · entity-resolved
Orchard Ridge Icg LLC
Entity
Mailing address
901 5TH AVE STE #4100, SEATTLE, WA 98164-2001
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2021
—
Orchard Ridge Icg LLC
Temp Orchard Ridge LLC
Quit Claim Deed
$183,000 · Berkadia Com'l Mtg
Jan 14, 2021
—
Orchard Ridge Icg LLC
Temp Orchard Ridge LLC
Special Warranty Deed
$18,300,000 · Berkadia Commercial Mortgage LLC
Feb 4, 2016
—
Scg Atlas Orchard Ridge LLC
Eqr Orchard Ridge Vistas INC
Special Warranty Deed
$14,818,000 · Wells Fargo Bank NA
Jul 1, 1994
$4,814,771
—
—
Grant Deed
related
—
—
—
Temp Orchard Ridge LLC
—
Loan Modification
related
$183,000 · Berkadia Com'l Mtg
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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