Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail and Office/Warehouse Space Title is generated by Realmo AI

    10519 20th St SE, Lake Stevens, WA 98258

    View on Map
    Claim this Listing
    For Lease
    $3,888/Mo $35 SF/Yr (calc)

    Rare retail and office/warehouse space with great access.

    Type:Commercial
    Property size:
    1,333 SF
    Added:
    Mar 4, 2026
    Days on Market:
    92
    Last Refresh:
    Apr 5 at 11:22 pm

    Property Features for 10519 20th St SE

    General Information

    Standard status
    Active
    Size
    1,333 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    2000

    We can help!

    Listing Contact
    BLAKE STEDMAN
    BLAKE STEDMAN

    Listing agent BLAKE STEDMAN License #WA2495

    Listing office NAI PUGET SOUND PROPERTIES

    Listing date Mar 4, 2026

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of NAI PUGET SOUND PROPERTIES

    HighLights

    • Proximity to major thoroughfares for easy commuting.
    • Great access and visibility, a key feature for any business.
    • Rare retail and office/warehouse space available.
    • Water, sewer, and landscaping included in NNNs.
    • Suites Available: B3, 5, 6.
    • Zoning: Commercial District.

    Overview

    This property offers rare retail and office/warehouse space with proximity to major thoroughfares, ensuring great access and visibility. The zoning is Commercial District. Available suites include B3, 5, and 6. Water, sewer, and landscaping are included in the NNN fees. The Leasehold Excise Tax is 12.84%.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Stevens
    County
    Snohomish
    State
    Washington
    Longitude
    -122.0897316
    Latitude
    47.9786172

    Nearby Similar for Lease

    • $2,250/Mo
      685 SF

      Highway 9 Business Center Space

      Retail, wellness, or professional space in Lake Stevens.
      9623 32nd Street SE, Lake Stevens, WA 98258
      View Details
    • $975/Mo
      200 SF

      Inviting Office Suite For Rent

      Corner suite ideal for professional office use in Lake Stevens.
      9623 32nd Street SE, Lake Stevens, WA 98258
      View Details
    • $1,550/Mo
      278 SF

      Highway 9 Professional Office Space

      Professional office space for rent in Lake Stevens, WA.
      9623 32nd Street SE, Lake Stevens, WA 98258
      View Details
    • $2,587/Mo
      887 SF

      Retail and Office/Warehouse Space

      Rare retail and office/warehouse space with great access.
      10519 20th St SE, Lake Stevens, WA 98258
      View Details
    • $1,550/Mo
      278 SF

      Highway 9 Professional Office Space

      Professional office space for lease in Lake Stevens, WA.
      9623 32nd Street Southeast, Lake Stevens, WA
      View Details
    • $1,881/Mo
      645 SF

      Retail/Office Space in Lake Stevens

      New retail/office space in Lake Stevens, estimated delivery Q2 2026.
      3606 Grade Rd, Lake Stevens, WA 98258
      View Details
    • $1,993/Mo
      1,040 SF

      Commercial

      10519 20th St SE, Lake Stevens, WA 98258
      View Details
    • $31 SF/Yr
      725 SF

      Lakefront Restaurant Opportunity

      Elevated restaurant space with lake views and outdoor patio.
      12404 Mill Spur, Lake Stevens, WA
      View Details
    • $33,600 SF/Yr
      2,400 SF

      Lake Stevens Flex Space Available

      2,400 RSF flex space for lease in Lake Stevens.
      9015 Vernon Rd, Lake Stevens, WA 98258
      View Details
    • $35 SF/Yr
      645 SF

      Lake Stevens Retail/Office Space

      New retail/office space in Lake Stevens, available Q2 2026.
      3606 Grade Rd, Lake Stevens, WA
      View Details
    • Contact for pricing
      22,289 SF

      Retail Space in Lake Stevens

      Anchored retail center in a strong trade area.
      303 91st Ave NE, Lake Stevens, WA
      View Details
    • $3,000/Mo
      10 SF

      ATM Space Available For Rent

      ATM space for rent in Lake Stevens, Washington.
      1803 Main St, Lake Stevens, WA 98258
      View Details

    FAQs

    What type of property is this?
    Retail space - Rare retail and office/warehouse space with great access.
    Where is this retail space located?
    The property is located at 10519 20th St SE Lake Stevens, WA.
    What is the lease rate?
    The lease rate is $3,888 /Mo.
    What are key features of this property?
    This property features: Proximity to major thoroughfares for easy commuting.; Great access and visibility, a key feature for any business.; Rare retail and office/warehouse space available.
    (425) 652-1722
    We can help!
    Listing Contact
    BLAKE STEDMAN
    BLAKE STEDMAN
    Real Estate License ID: WA2495
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    10519 20th St SE, Lake Stevens, WA 98258
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!