Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16126 Larch Way Lynnwood, WA 98087

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,080,000

    Residential land suitable for townhome or lowrise apartment development.

    Property size:
    44,867 SF

    Property Features for 16126 Larch Way

    General Information

    Standard status
    Active
    Size
    44,867 SF

    Building Details

    Year built
    1945

    We can help!

    Listing Contact
    Holly Yang, Ccim
    Source: Corcoran

    Listing Agent: Holly Yang, Ccim

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

    Learn more

    Property Insight Report

    Overview

    Residential Development Site For Sale

    This 44,867 square foot property is suitable for townhome or lowrise apartment development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynnwood
    County
    Snohomish
    State
    Washington
    Longitude
    -122.2494337
    Latitude
    47.8517548

    Nearby Similar for Sale

    • $13,495,000
      42 SF

      70-Unit Multifamily Community in Lynnwood

      70-unit multifamily community in Lynnwood, Washington, with redevelopment potential.
      6616-6630 202Nd St SW | Lynnwood, Lynnwood, WA 98036
      View Details
    • $4,100,000
      28,738 SF

      Lynnwood Industrial Buildings For Sale

      Two industrial buildings totaling 28,738 SF on 1.54 acres.
      20215-20217 Cedar Valley Rd, Lynnwood, WA 98036
      View Details
    • $1,350,000
      2,112 SF

      Remodeled Mixed-Use Building in Lynnwood

      Remodeled commercial/residential building in a fast-growing commercial hub.
      19832 Highway 99, Lynnwood, WA 98036
      View Details
    • Contact for pricing
      27,388 SF

      Office Suites in Edmonds/Lynnwood Submarket

      Office suites available for lease in Edmonds/Lynnwood submarket.
      3405 188Th St SW, Lynnwood, WA 98037
      View Details
    • $4,495,000
      22,100 SF

      Lynnwood Multifamily Investment Opportunity

      31-unit apartment building with value-add potential in Lynnwood, Washington.
      19628 68Th Ave W, Lynnwood, WA 98036
      View Details
    • $219,900
      590 SF

      Ground-Level Unit with Garden Patio

      Ground-level unit with backyard patio, garden, and recent upgrades.
      4715 176Th St SW, Lynnwood, WA 98037
      View Details
    • $13,495,000

      70-Unit Multifamily Community in Lynnwood

      70-unit multifamily community with diverse unit types on 2.31 acres.
      6616 202Nd St SW, Lynnwood, WA 98036
      View Details
    • $4,100,000
      28,738 SF

      Lynnwood Industrial Property For Sale

      28,738 RSF industrial property with ample parking.
      20215 Cedar Valley Rd, Lynnwood, WA 98036
      View Details
    • $2,500,000
      64,904 SF

      Lynnwood Mobile Home Park Opportunity

      Well-maintained mobile home park with income potential in Lynnwood, WA.
      5717 186Th Pl SW, Lynnwood, WA 98037
      View Details
    • $349,000

      Inviting Condo in Central Lynnwood

      Spacious 1,025 sq ft condo near transit and shopping.
      18620 52Nd Ave W, Lynnwood, WA 98037
      View Details
    • $265,000

      Updated Condo Near Transit

      Updated condo with granite countertops, close to transit and amenities.
      4807 180Th St SW, Lynnwood, WA 98037
      View Details
    • $399,950

      Remodeled Condo Near Light Rail

      Top-floor condo near transit with modern amenities and community pool.
      4800 200Th St SW, Lynnwood, WA 98036
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land suitable for townhome or lowrise apartment development.
    Where is this residential land & home lot located?
    The property is located at 16126 Larch Way Lynnwood, WA.
    What is the asking price?
    The asking price for this property is $2,080,000.
    What are key features of this property?
    This property features: - Townhome or lowrise apartment development site; - Development potential; - Real estate opportunity
    Request Owner's contact information
    16126 Larch Way Lynnwood, WA 98087
    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.
    16126 Larch Way
    Lynnwood, WA 98087
    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
    16126 Larch Way Lynnwood, WA 98087
    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

    We can help!
    Listing Contact
    Holly Yang, Ccim
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.