Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Office buildings
626 164th SW St Lynnwood, WA 98087-8100
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1131915
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1969
Construction
WOOD FRAME
Total area
3,160 SF
Lot
2.1 ac (91,476 SF)
Zoning code
S2
APN
508900001000
UPID
US90-1131915
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
-
18 Degrees by Pulte Homes Construction Company General Contractor
-
Joseph T. Cresanti, DC Alternative Medicine Practice
-
Lindsay Armstrong Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
$925k
Comparable Approach
Comparable
$807k
Blend (final)
Blend
$745k
Owner & transaction history
Anirban Chatterjee · 1 yrs held
Anirban Chatterjee
since 2024
Last sale
$775,000
7 recorded transactions
Zoning & alternative use
S2 · Lynnwood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+14.1%
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
$600,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
$1,000,000
6.5%
$925,000
7%
$860,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,080,000
Current use
MEDICAL BUILDING
$1,235,000
Change: +14% · Conversion: Easy
COMMERCIAL (GENERAL)
$960,000
Change: -11% · Conversion: Easy
WAREHOUSE, STORAGE
$915,000
Change: -16% · Conversion: Difficult
RETAIL STORES
$890,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$745k
Range $671k – $820k · ±10% · vs last sale $775k (Nov 6 2024)
Last sale anchor
$775k
Nov 6 2024
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
$236 / 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
$23,757
Tax year 2023
Assessed value
$3,043,400
Assessed 2023
Previous assessed
$3,043,400
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$2,926,500
Assessed improvement
$116,900
Land market value
$2,926,500
Improvement market value
$116,900
Total market value
$3,043,400
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1969
Construction
WOOD FRAME
Heating
BASEBOARD
Stories
1
Rooms
5
Bathrooms
2
Total area
3,160 SF
Lot
2.1 ac (91,476 SF)
Zoning code
S2
APN
508900001000
UPID
US90-1131915
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
S2 · Lynnwood, WA
Zoning S2 · permitted uses
S2 · 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
OFFICE BUILDING Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$960,000
WAREHOUSE, STORAGE
Est. value
$915,000
RETAIL STORES
Est. value
$890,000
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
RETAIL STORES
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
1969
Construction
WOOD FRAME
Heating
BASEBOARD
Stories
1
Rooms
5
Bathrooms
2
Lot
2.1 ac
Current owner
From public records · entity-resolved
Anirban Chatterjee
Individual
Mailing address
24238 44TH DR SE STE #600, BOTHELL, WA 98021-5138
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2024
$599,990
Anirban Chatterjee
Pulte Homes Of Washington INC
Warranty Deed
$477,527 · Jpmorgan Chase Bank NA
Sep 26, 2024
$773,223
Venkata Bhargav Siddhartha Kondamuri
S Pulte Homes Of Washington INC
Warranty Deed
$695,900 · Pulte Mortgage LLC
Aug 16, 2024
$599,990
Matthew E Patterson
Pulte Homes Of Washington INC
Warranty Deed
$419,990 · Pulte Mortgage LLC
Jun 26, 2024
$599,990
My Dung Thi Nguyen
Pulte Homes Of Washington INC
Warranty Deed
$389,993 · Pulte Mortgage LLC
Jun 21, 2024
$813,000
Usman Hasan
Pulte Homes Of Washington INC
Warranty Deed
$563,000 · 2004-0000245 LLC
Sep 9, 2022
$6,960,000
Pulte Homes Of Washington INC
Prospect Development LLC
Bargain And Sale Deed
—
Aug 22, 2022
$2,500,000
Prospect Development LLC
Robert A Parker
Warranty Deed
—
Jan 25, 2012
—
Robert A Parker
Parker Emma A
Quit Claim Deed
related
—
Jul 8, 2010
—
Robert A Parker
Parker,emma A
Quit Claim Deed
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 626 164th SW St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
