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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Office buildings
6605 202nd SW St Lynnwood, WA 98036-5935
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-3024823
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1956
Construction
WOOD
Total area
2,646 SF
Lot
0.23 ac (10,019 SF)
Zoning code
LG
APN
515400000709
UPID
US90-3024823
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
-
La Herradura Grocery & Convenience Store Food Market
-
Latino Educational Training Institute Corporate Office
-
Vigo Bank Credit Union
-
Las Americas Financial Center Tax Preparation
-
English class High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.28M
CAP Approach
CAP
$775k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$915k
Owner & transaction history
Latino Educational Training Institu · 4 yrs held
Latino Educational Training Institu
since 2021
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
LG · 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
$1,245,000
ML approach
$1,280,000
CAP Approach
CAP Return
Estimation
6%
$840,000
6.5%
$775,000
7%
$720,000
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±10% · vs last sale $900k (Aug 31 2021)
Last sale anchor
$900k
Aug 31 2021
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
$346 / 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
$6,991
Tax year 2023
Assessed value
$890,300
Assessed 2023
Previous assessed
$703,000
+26.6% YoY
Effective rate
0.79%
On assessed value
Assessed land
$395,400
Assessed improvement
$494,900
Land market value
$395,400
Improvement market value
$494,900
Total market value
$890,300
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
Off-Market
Year built
1956
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Total area
2,646 SF
Lot
0.23 ac (10,019 SF)
Zoning code
LG
APN
515400000709
UPID
US90-3024823
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LG · Lynnwood, WA
Zoning LG · permitted uses
LG · 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
1956
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Latino Educational Training Institu
Individual
Mailing address
6605 202ND ST SW, LYNNWOOD, WA 98036-5935
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2021
$900,000
Latino Educational Training Institu
Jssp Investments LLC
Warranty Deed
$630,000 · North Coast Cu
Aug 1, 2018
—
Jssp Investments LLC
—
Deed
related
$521,250 · North Coast Cu
Aug 2, 2005
$489,000
Jssp Investments LLC
Effenberger,jerrold D & Verna J
Warranty Deed
$440,100 · Like Casteel & Olsen Psc
Apr 12, 2005
$424,035
Jerrold D Effenberger
Law Office Of Joseph L Rockne Pll
Trustees Deed
related
—
Oct 2, 2003
—
Fred Boor
Wilde,james M
Grant Deed
related
—
Apr 19, 2002
$429,000
James M Wilde
Effenberger,jerrold D & Verna J
Grant Deed
$399,000 · Jerrold D & Verna J Effenberger
Jun 3, 1996
—
Jerrold D Effenberger
—
Deed Of Trust
related
$3,000,000 · Sterling Savings Association
Jan 1, 1989
$205,000
—
—
Grant Deed
related
—
—
—
Jssp Investments LLC
—
Deed Of Trust
related
$521,250 · North Coast Cu
—
—
Jerold D Effenberger
—
Deed Of Trust
related
$200,000 · Sterling Savings Bank
—
—
Jssp Investments LLC
—
Deed Of Trust
related
$60,000 · Antonio Mendoza
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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