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Property profile & analytics
FOR SALE
Office buildings
5026 196Th St SW Lynnwood, WA 98036
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-1025607
No photos on file
For Sale
$11,000,000
5026 196Th St SW, Lynnwood, WA 98036
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1977
Construction
WOOD
Total area
32,800 SF
Lot
3.14 ac (136,778 SF)
Zoning code
42
APN
608400100100
UPID
US90-1025607
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
-
Homage - Senior and Disabled Services Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.85M
CAP Approach
CAP
$9.59M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.67M
Owner & transaction history
Big Tree LLC · 1 yrs held
Big Tree LLC
since 2025
Last sale
$11.0M
6 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
$8,875,000
ML approach
$7,850,000
CAP Approach
CAP Return
Estimation
6%
$10,385,000
6.5%
$9,585,000
7%
$8,900,000
Blend value · Realmo final
$9.67M
Range $8.70M – $10.63M · ±10% · vs last sale $11.00M (Apr 24 2025)
Last sale anchor
$11.00M
Apr 24 2025
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
$295 / 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
$1,524
Tax year 2023
Assessed value
$7,208,000
Assessed 2023
Previous assessed
$6,781,000
+6.3% YoY
Effective rate
0.02%
On assessed value
Assessed land
$4,740,500
Assessed improvement
$2,467,500
Land market value
$4,740,500
Improvement market value
$2,467,500
Total market value
$7,208,000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Sale
Year built
1977
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
2
Total area
32,800 SF
Lot
3.14 ac (136,778 SF)
Zoning code
42
APN
608400100100
UPID
US90-1025607
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
1977
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
3.14 ac
Current owner
From public records · entity-resolved
Big Tree LLC
Entity
Free & Clear · 1 yrs held
Mailing address
5026 196TH ST SW, LYNNWOOD, WA 98036-6102
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2025
$11,000,000
Big Tree LLC
Senior Services Of Snohomish County
Warranty Deed
—
Dec 17, 2018
—
Senior Services Of Snohomish County
—
Deed
related
$6,225,000 · Homestreet Bank
Apr 5, 2017
—
Senior Services Of Snohomish County
Anderson Management Services LLC
Warranty Deed
$5,800,000 · Umpqua Bank
Feb 3, 1997
$48,000
Matthew A Beck
Hamilton,james A & Jeannette M
Grant Deed
$101,400 · Builders Financial Services
—
—
James A Anderson
—
Deed Of Trust
related
$800,000 · Us Bank Of Washington
—
—
Anderson Management Services
—
Deed Of Trust
related
$815,000 · Frontier Bank
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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