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Property profile & analytics
OFF-MARKET
Estimated value
$20,315,000
Apartment buildings
4525 164th SW St DD204 Lynnwood, WA 98087-9209
Entity Owned
28-yr Hold
~
Est. High Equity
Property ID
US90-1148060
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1995
Construction
WOOD
Total area
107,972 SF
Lot
8.24 ac (358,934 SF)
Zoning code
SI
APN
372900100106
UPID
US90-1148060
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
-
Keeler's Corner Apartment Building Apartment Complex
-
Onyon boys Apartment Building
-
DK Custom Clean General Contractor
-
Seattle Real Estate Agent Emrah Karaman Real Estate Agency
-
Brian Edge, LMP Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$24.85M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.32M
Owner & transaction history
Carlo Properties LLC · 28 yrs held
Carlo Properties LLC
since 1998
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$26,915,000
6.5%
$24,845,000
7%
$23,070,000
Blend value · Realmo final
$20.32M
Range $18.28M – $22.35M · ±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
$188 / 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
$412,796
Tax year 2023
Assessed value
$50,902,000
Assessed 2023
Previous assessed
$40,214,000
+26.6% YoY
Effective rate
0.81%
On assessed value
Assessed land
$10,854,300
Assessed improvement
$40,047,700
Land market value
$10,854,300
Improvement market value
$40,047,700
Total market value
$50,902,000
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
1995
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
2
Stories
2
Units
174
Rooms
174
Total area
107,972 SF
Lot
8.24 ac (358,934 SF)
Zoning code
SI
APN
372900100106
UPID
US90-1148060
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SI · Lynnwood, WAZoning SI · permitted uses
SI · 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
1995
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Units
174
Rooms
174
Lot
8.24 ac
Current owner
From public records · entity-resolved
Carlo Properties LLC
Entity
Mailing address
1111 MAIN ST STE #520, VANCOUVER, WA 98660-2991
Ownership since
1998
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
Apr 7, 1998
$35,000,000
Carlo Properties LLC
Mercer Properties Corp
Grant Deed
—
Dec 15, 1997
$189,084
Mercer Properties Corp
Graoch Associates #12 LP
Grant Deed
—
Nov 17, 1993
$1,450,000
—
Alderwood Place
Grant Deed
related
$7,500,000 · First Int Bk Wa
—
—
Carlo Properties LLC
—
Deed Of Trust
related
$24,000,000 · Ge Capital Assurance Co
—
—
Graoch Assoicates 11 LP
—
Deed Of Trust
related
$380,000 · Centrum Financial Services INC
—
—
Graoch Associates #11 LP
—
Deed Of Trust
related
$450,000 · Centrum Financial Services INC
—
—
Carlo Properties LLC
—
Deed Of Trust
related
$5,000 · Sterling Savings Association
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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