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Property profile & analytics
OFF-MARKET
Estimated value
$3,610,000
Medical Office Space
4111 Alderwood Mall Blvd Lynnwood, WA 98036-6765
Individually Owned
9-yr Hold
Free & Clear
Property ID
US90-3366610
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1979
Construction
WOOD
Total area
14,580 SF
Lot
2.68 ac (116,741 SF)
Zoning code
CC-C
APN
372600701903
UPID
US90-3366610
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
-
Sea Mar Lynnwood Behavioral Health Clinic - Alderwood Medical Clinic
-
Sea Mar Lynnwood WIC Medical Clinic
-
Sea Mar CHC Physician
-
Emina Bayomy Physician
-
SARAH ELIZABETH SALDARRIAGA Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.29M
Comparable Approach
Comparable
$3.07M
Blend (final)
Blend
$3.61M
Owner & transaction history
Sea-mar Community Health Ctr · 9 yrs held
Sea-mar Community Health Ctr
since 2016
7 recorded transactions
Zoning & alternative use
CC-C · 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%
$3,560,000
6.5%
$3,285,000
7%
$3,050,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,695,000
Current use
Blend value · Realmo final
$3.61M
Range $3.25M – $3.97M · ±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
$248 / 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
$1,331
Tax year 2023
Assessed value
$12,573,000
Assessed 2023
Previous assessed
$7,950,000
+58.2% YoY
Effective rate
0.01%
On assessed value
Assessed land
$8,990,400
Assessed improvement
$3,582,600
Land market value
$8,990,400
Improvement market value
$3,582,600
Total market value
$12,573,000
Applied tax rate
452.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1979
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
14,580 SF
Lot
2.68 ac (116,741 SF)
Zoning code
CC-C
APN
372600701903
UPID
US90-3366610
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CC-C · Lynnwood, WA
Zoning CC-C · permitted uses
CC-C · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$5.7M
MEDICAL BUILDING Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
2.68 ac
Current owner
From public records · entity-resolved
Sea-mar Community Health Ctr
Individual
Free & Clear · 9 yrs held
Mailing address
1040 S HENDERSON ST, SEATTLE, WA 98108-4720
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Apr 21, 2021
—
Sea Mar Community Health Center
—
Deed
related
$980,000 · The Washington State Department Of Comme
Apr 17, 2020
—
Sea-mar Cmnty Health Ctr
—
Deed
related
$26,916,000 · Washington Health Care Facilit
Dec 21, 2016
—
Sea-mar Community Health Ctr
—
Deed
related
$5,000,000 · Private Individual
Oct 3, 2016
—
Sea-mar Community Health Ctr
Atwater Corp
Grant Deed
related
—
Aug 31, 2016
$5,100,000
Sea-mar Community Heath Center
Atwater Corp
Warranty Deed
—
Jul 31, 2006
$7,575,100
R Scott LLC
Pacific Centre Associates LLC
Warranty Deed
—
Feb 2, 2006
—
Stockton Plaza INC
Washington Mutual Bank
Warranty Deed
—
Aug 1, 1977
$152,500
—
—
Grant Deed
related
—
—
—
Sea-mar Cmnty Health Ctr
—
Deed Of Trust
related
$26,916,000 · Washington Health Care Facilit
—
—
Sea-mar Community Health Ctr
—
Deed Of Trust
related
$5,000,000 · Private Individual
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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