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Property profile & analytics
OFF-MARKET
Estimated value
$2,090,000
Medical Office Space
4215 198th SW St Lynnwood, WA 98036-6738
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US90-1135050
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1974
Construction
TYPE NOT SPECIFIED
Total area
11,416 SF
Lot
0.82 ac (35,719 SF)
Zoning code
42
APN
372600701607
UPID
US90-1135050
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
-
Dimayuga Family Dental Dental Office
-
TEBA Institute Association Or Organization
-
Thrive Real Estate Services | Listing & Transaction Coordinator Real Estate Agency
-
SKS International Take-out & Catering Fish Market
-
Ling Shu Chinese Medicine Medical Clinic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.57M
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$2.09M
Owner & transaction history
Sks Properties LLC · 22 yrs held
Sks Properties LLC
since 2003
5 recorded transactions
Zoning & alternative use
42 · 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%
$2,785,000
6.5%
$2,570,000
7%
$2,390,000
Blend value · Realmo final
$2.09M
Range $1.88M – $2.30M · ±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
$183 / 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
$25,490
Tax year 2023
Assessed value
$3,404,000
Assessed 2023
Previous assessed
$2,837,000
+20.0% YoY
Effective rate
0.75%
On assessed value
Assessed land
$1,851,700
Assessed improvement
$1,552,300
Land market value
$1,851,700
Improvement market value
$1,552,300
Total market value
$3,404,000
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
1974
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Stories
2
Total area
11,416 SF
Lot
0.82 ac (35,719 SF)
Zoning code
42
APN
372600701607
UPID
US90-1135050
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
42 · Lynnwood, WA
Zoning 42 · permitted uses
42 · 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
1974
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
0.82 ac
Current owner
From public records · entity-resolved
Sks Properties LLC
Entity
Mailing address
4215 198TH ST SW, LYNNWOOD, WA 98036-6738
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2003
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 9, 2018
—
Sks Properties LLC
—
Deed
related
$750,000 · Us Bank Trust Co NA
Nov 5, 2003
$1,300,000
Sks Properties LLC
Horizon Holdings Nw INC
Grant Deed
related
$975,000 · Centerbank
Sep 1, 2000
$582,022
Horizon Holdings INC
Peterson,fred T & Patricia M
Grant Deed
related
$950,000 · Seller
Dec 1, 1993
$760,000
—
—
Grant Deed
related
—
—
—
Sks Properties LLC
—
Deed Of Trust
related
—
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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